Company Registration No. 06011571 (England and Wales)
DANCOX PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
DANCOX PROPERTIES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
DANCOX PROPERTIES LIMITED
COMPANY INFORMATION
Directors
Mr M A Dancox
Mrs R Dancox
Mr P Dancox
Company number
06011571
Registered office
11 Bankside Close
Worcester
WR3 7BG
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
4 The Cross
Worcester
Worcestershire
WR1 3PY
DANCOX PROPERTIES LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DANCOX PROPERTIES LIMITED FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dancox Properties Limited for the year ended 31 March 2023 which comprise, the balance sheet and the related notes 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 http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dancox Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dancox Properties Limited and state those matters that we have agreed to state to the Board of Directors of Dancox Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dancox Properties Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Dancox Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dancox Properties Limited. You consider that Dancox Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dancox Properties Limited. 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 financial statements.

Ormerod Rutter Limited
15 September 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
DANCOX PROPERTIES LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment properties
4
158,110
158,110
Current assets
Cash at bank and in hand
5,070
8,420
Creditors: amounts falling due within one year
5
(133,611)
(138,975)
Net current liabilities
(128,541)
(130,555)
Total assets less current liabilities
29,569
27,555
Capital and reserves
Called up share capital
6
9
9
Profit and loss reserves
29,560
27,546
Total equity
29,569
27,555

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 15 September 2023 and are signed on its behalf by:
Mr M A Dancox
Mr P Dancox
Director
Director
Company Registration No. 06011571
DANCOX PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Dancox Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Bankside Close, Bankside Close, Worcester, WR3 7BG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rents and services provided in the normal course of business. The fair value of consideration takes into account any lease premiums or rent free periods, which are recognised on a straight line basis over the lease term.

Revenue from the provision of property rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
25% on cost
1.4
Investment properties

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

 

No depreciation or amortisation is provided in respect of investment property. The investment property is not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DANCOX PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 3 (2022 - 3).

3
Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2022 and 31 March 2023
1,049
Depreciation and impairment
At 1 April 2022 and 31 March 2023
1,049
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
-
0
4
Investment property
2023
£
Fair value
At 1 April 2022 and 31 March 2023
158,110

It is in the opinion of the directors that the market value of investment property is not considered to be significantly different from the carrying value held at historical cost.

DANCOX PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
2,349
4,635
Other creditors
131,262
134,340
133,611
138,975
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
4 Ordinary A of £1 each
4
4
2 Ordinary B of £1 each
2
2
1 Ordinary C of £1 each
1
1
1 Ordinary D of £1 each
1
1
1 Ordinary E of £1 each
1
1
9
9
7
Ultimate controlling party

There is no ultimate controlling party.

 

2023-03-312022-04-01false15 September 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr M A DancoxMrs R DancoxMr P Dancox060115712022-04-012023-03-3106011571bus:Director12022-04-012023-03-3106011571bus:Director22022-04-012023-03-3106011571bus:Director32022-04-012023-03-3106011571bus:RegisteredOffice2022-04-012023-03-3106011571bus:Agent12022-04-012023-03-31060115712023-03-31060115712022-03-3106011571core:CurrentFinancialInstruments2023-03-3106011571core:CurrentFinancialInstruments2022-03-3106011571core:ShareCapital2023-03-3106011571core:ShareCapital2022-03-3106011571core:RetainedEarningsAccumulatedLosses2023-03-3106011571core:RetainedEarningsAccumulatedLosses2022-03-3106011571core:ShareCapitalOrdinaryShares2023-03-3106011571core:ShareCapitalOrdinaryShares2022-03-3106011571core:ComputerEquipment2022-04-012023-03-31060115712021-04-012022-03-3106011571core:ComputerEquipment2022-03-3106011571core:ComputerEquipment2023-03-3106011571core:ComputerEquipment2022-03-31060115712022-03-3106011571bus:OrdinaryShareClass12022-04-012023-03-3106011571bus:OrdinaryShareClass22022-04-012023-03-3106011571bus:OrdinaryShareClass32022-04-012023-03-3106011571bus:OrdinaryShareClass42022-04-012023-03-3106011571bus:OrdinaryShareClass52022-04-012023-03-3106011571bus:OrdinaryShareClass12023-03-3106011571bus:OrdinaryShareClass22023-03-3106011571bus:OrdinaryShareClass32023-03-3106011571bus:OrdinaryShareClass42023-03-3106011571bus:OrdinaryShareClass52023-03-3106011571bus:PrivateLimitedCompanyLtd2022-04-012023-03-3106011571bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106011571bus:FRS1022022-04-012023-03-3106011571bus:AuditExemptWithAccountantsReport2022-04-012023-03-3106011571bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP