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REGISTERED NUMBER: 10502397 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2022

FOR

DUNN PROPERTY LIMITED

DUNN PROPERTY LIMITED (REGISTERED NUMBER: 10502397)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DUNN PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2022







DIRECTORS: Mrs E L Dunn
K J Dunn





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 10502397 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

DUNN PROPERTY LIMITED (REGISTERED NUMBER: 10502397)

STATEMENT OF FINANCIAL POSITION
30TH APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,183 1,253
Investment property 5 722,203 360,004
732,386 361,257

CURRENT ASSETS
Debtors 6 2,860 1,099
Cash at bank 6,957 5,940
9,817 7,039
CREDITORS
Amounts falling due within one year 7 258,432 117,386
NET CURRENT LIABILITIES (248,615 ) (110,347 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,771

250,910

CREDITORS
Amounts falling due after more than one
year

8

(473,342

)

(237,168

)

PROVISIONS FOR LIABILITIES - (224 )
NET ASSETS 10,429 13,518

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 10 32,894 32,894
Retained earnings (22,565 ) (19,476 )
SHAREHOLDERS' FUNDS 10,429 13,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DUNN PROPERTY LIMITED (REGISTERED NUMBER: 10502397)

STATEMENT OF FINANCIAL POSITION - continued
30TH APRIL 2022


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 Board of Directors and authorised for issue on 30th August 2022 and were signed on its behalf by:




Mrs E L Dunn - Director



K J Dunn - Director


DUNN PROPERTY LIMITED (REGISTERED NUMBER: 10502397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2022

1. STATUTORY INFORMATION

Dunn Property Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Income is recognised when the right to consideration becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Grant income
Coronavirus Job Retention Scheme (CJRS) grant income is recognised in the accounts on a straight line basis over the furlough period of each relevant employee.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

DUNN PROPERTY LIMITED (REGISTERED NUMBER: 10502397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2022

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st May 2021 1,671 - 1,671
Additions - 12,324 12,324
At 30th April 2022 1,671 12,324 13,995
DEPRECIATION
At 1st May 2021 418 - 418
Charge for year 313 3,081 3,394
At 30th April 2022 731 3,081 3,812
NET BOOK VALUE
At 30th April 2022 940 9,243 10,183
At 30th April 2021 1,253 - 1,253

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2021 360,004
Additions 362,199
At 30th April 2022 722,203
NET BOOK VALUE
At 30th April 2022 722,203
At 30th April 2021 360,004

Fair value at 30th April 2022 is represented by:
£   
Valuation in 2021 37,500
Cost 684,703
722,203

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 2,860 1,099

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 1,557 1,557
Trade creditors 90 -
Other creditors 256,785 115,829
258,432 117,386

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 473,342 237,168

DUNN PROPERTY LIMITED (REGISTERED NUMBER: 10502397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 472,632 234,900

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 474,899 238,725

A charge was created on 18th October 2017 which is held by Charter Court Financial Services Ltd. It is a fixed charge which covers the property at Martindale Court, Houghton-le-Spring.

A charge was created on 6th April 2017 which is held by One Savings Bank PLC. It is a fixed charge which covers the property at Newborough Street, York.

A charge was created on 20th October 2021 which is held by Paragon Bank PLC. It is a fixed charge which covers the property at Peel Street, Hull.

A charge was created on 11th March 2022 which is held by Kensington Mortgage Company PLC. It is a fixed charge which covers the property at Scarborough Terrace, York.

10. RESERVES
Non
distributable
reserve
£   
At 1st May 2021
and 30th April 2022 32,894

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £249,493 (2021 - £107,929) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.