Doonholm Estate Management Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: SC466265 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DOONHOLM ESTATE MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P N B Kennedy

SECRETARY:

REGISTERED OFFICE:

Doonholm House

Alloway

AYR

Ayrshire

KA6 6BL

REGISTERED NUMBER:

SC466265 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

24 Beresford Terrace

Ayr

KA7 2EG

FIXED ASSETS

Tangible assets

4

11,594

12,454

CURRENT ASSETS

Debtors

5

1,425

299

Cash at bank

8,723

10,885

10,148

11,184

CREDITORS

Amounts falling due within one year

6

79,833

83,284

NET CURRENT LIABILITIES

(69,685

)

(72,100

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(58,091

)

(59,646

)

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

(58,099

)

(59,654

)

(58,091

)

(59,646

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2023 and were signed by:

P N B Kennedy - Director

1.	STATUTORY INFORMATION

Doonholm Estate Management Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

27,038

DEPRECIATION

At 1 April 2022

14,584

Charge for year

860

At 31 March 2023

15,444

NET BOOK VALUE

At 31 March 2023

11,594

At 31 March 2022

12,454

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

1,425

299

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

12,252

6,002

Other creditors

67,581

77,282

79,833

83,284

7.	RELATED PARTY DISCLOSURES

P N B Kennedy

2023

2022

£

£

Amount due to related party at the balance sheet date

67,581

77,282