Registration number:
Unaudited Abbreviated Accounts
for the Period from
Doonbeg Holdings Ltd
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Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Doonbeg Holdings Ltd
for the Period Ended 31 December 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Doonbeg Holdings Ltd for the period ended 31 December 2016 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Doonbeg Holdings Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Doonbeg Holdings Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Doonbeg Holdings Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Doonbeg Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Doonbeg Holdings Ltd. You consider that Doonbeg Holdings Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Doonbeg Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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KSEG
Belfry House
Champions Way
Hendon
London
NW4 1PX
7 April 2017
Doonbeg Holdings Ltd
(Registration number: 07167843)
Abbreviated Balance Sheet at 31 December 2016
Note |
31 December 2016
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30 June 2015
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr B Chandaria
Director
2
Doonbeg Holdings Ltd
Notes to the Abbreviated Accounts for the Period from 1 July 2015 to 31 December 2016
......... continued
Accounting policies |
Basis of preparation
Exemption from preparing group accounts
Going concern
The financial statements have been prepared on a going concern basis.
The Director has considered in detail the company's forecast performance, as well as its capital and liquidity resources. On this basis the Director has a reasonable expectation that, despite uncertain market conditions, the company has sufficient funding and liquidity facilities to ensure that the company will continue in operational existence for the foreseeable future. Accordingly the Director of the company has adopted the going concern basis in the preparation of these financial statements.
Fixed asset investments
Financial instruments
Doonbeg Holdings Ltd
Notes to the Abbreviated Accounts for the Period from 1 July 2015 to 31 December 2016
......... continued
Fixed assets |
Investments
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Total
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Cost |
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At 1 July 2015 |
169,524 |
169,524 |
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At 31 December 2016 |
169,524 |
169,524 |
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Depreciation |
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At 31 December 2016 |
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Net book value |
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At 31 December 2016 |
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At 30 June 2015 |
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Details of subsidiary undertaking |
Name |
Holding |
Proportion of voting rights and shares held |
Principal activity |
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Subsidiary undertaking |
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Ordinary shares |
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The profit for the financial period ended 31 December 2016 of Innovation Finance Ltd was £124,243 and it's aggregate amount of capital and reserves at the end of the period was (£405,725).
Debtors |
Debtors includes £949,306 (2015 - £949,306) receivable after more than one year.
Share capital |
Allotted, called up and fully paid shares
31 December 2016 |
30 June 2015 |
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No. |
£ |
No. |
£ |
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Doonbeg Holdings Ltd
Notes to the Abbreviated Accounts for the Period from 1 July 2015 to 31 December 2016
......... continued
Control |
The company is controlled by