REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Period 1 May 2022 to 31 December 2022 |
for |
Dunnington Holdings Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Period 1 May 2022 to 31 December 2022 |
for |
Dunnington Holdings Ltd |
Dunnington Holdings Ltd (Registered number: 11953757) |
Contents of the Financial Statements |
For The Period 1 May 2022 to 31 December 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Dunnington Holdings Ltd |
Company Information |
For The Period 1 May 2022 to 31 December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
6 Victoria Avenue |
Harrogate |
North Yorkshire |
HG1 1ED |
Dunnington Holdings Ltd (Registered number: 11953757) |
Abridged Balance Sheet |
31 December 2022 |
2022 | 2022 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves | ( |
) |
Retained earnings | ( |
) |
( |
) |
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. |
Dunnington Holdings Ltd (Registered number: 11953757) |
Abridged Balance Sheet - continued |
31 December 2022 |
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 |
Dunnington Holdings Ltd (Registered number: 11953757) |
Notes to the Financial Statements |
For The Period 1 May 2022 to 31 December 2022 |
1. | STATUTORY INFORMATION |
Dunnington Holdings Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis of accounting. The company is considered to be a going concern with the continued support of the creditors. |
Turnover |
Turnover represents amounts receivable on rental agreements. |
Tangible fixed assets |
Fixtures & equipment | - |
Freehold and Leasehold property - not provided |
No depreciation charge is provided on freehold and leasehold property on the grounds that it would be insignificant. The estimated residual value of the tangible fixed asset is not significantly different from the carrying amount of the asset. The company has a policy and practice of regular maintenance and repair such that the assessed standard of performance is maintained. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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 period 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. |
Dunnington Holdings Ltd (Registered number: 11953757) |
Notes to the Financial Statements - continued |
For The Period 1 May 2022 to 31 December 2022 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 May 2022 |
Additions |
At 31 December 2022 |
DEPRECIATION |
Charge for period |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 30 April 2022 |
Dunnington Holdings Ltd (Registered number: 11953757) |
Notes to the Financial Statements - continued |
For The Period 1 May 2022 to 31 December 2022 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 May 2022 |
and 31 December 2022 | 506 |
NET BOOK VALUE |
At 31 December 2022 | 506 |
At 30 April 2022 | 506 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Revaluation deficit | (41,418 | ) |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
The property, purchased in the period at a total cost of £351,418, has been revalued at fair market value of £310,000 by the directors. |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2022 | 2022 |
as restated |
£ | £ |
Bank loans |
The bank loan is secured by way of a fixed and floating charge on the freehold property of the company and by way of a fixed and floating charge on the assets of the subsidiary company, Dunnington Electricals Ltd. |
Dunnington Holdings Ltd (Registered number: 11953757) |
Notes to the Financial Statements - continued |
For The Period 1 May 2022 to 31 December 2022 |
8. | RECONCILIATION OF RESERVES |
Share | Retained | Other |
capital | earnings | reserves | Total |
£ | £ | £ | £ |
As at 1 May 2022 | 1,012 | - | - | 1,012 |
Profit for the period | - | 29,013 | - | 29,013 |
Dividends | - | (84,440 | ) | - | (84,440 | ) |
Property revaluation deficit | - | 41,418 | (41,418 | ) | - |
As at 31 December 2022 | 1,012 | (14,009 | ) | (41,418 | ) | (54,415 | ) |
9. | PRIOR YEAR ADJUSTMENT |
In the accounts to 30 April 2022 cash at bank and amounts falling due within one year were both understated by £199,537. The correction has had no effect on retained earnings or net assets. |