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REGISTERED NUMBER: 00754901 (England and Wales)


Unaudited Financial Statements for the Year Ended 30 June 2023

for

Dorene Properties Limited

Dorene Properties Limited (Registered number: 00754901)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Dorene Properties Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: I Gubbay
C Shone





REGISTERED OFFICE: 6a St Andrews Court
Wellington Street
Thame
Oxfordshire
OX9 3WT





REGISTERED NUMBER: 00754901 (England and Wales)





ACCOUNTANTS: Fizz Accounting Limited
6a St Andrews Court
Wellington Street
Thame
Oxfordshire
OX9 3WT

Dorene Properties Limited (Registered number: 00754901)

Abridged Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 250,000 225,000

CURRENT ASSETS
Debtors 8,016 5,849
Cash at bank 170,360 185,061
178,376 190,910
CREDITORS
Amounts falling due within one year 6,150 9,480
NET CURRENT ASSETS 172,226 181,430
TOTAL ASSETS LESS CURRENT LIABILITIES 422,226 406,430

CAPITAL AND RESERVES
Called up share capital 34 34
Capital redemption reserve 66 66
Retained earnings 422,126 406,330
SHAREHOLDERS' FUNDS 422,226 406,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Dorene Properties Limited (Registered number: 00754901)

Abridged Balance Sheet - continued
30 June 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 November 2023 and were signed on its behalf by:





C Shone - Director


Dorene Properties Limited (Registered number: 00754901)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Dorene Properties 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 rental income and associated amounts receivable, net of value added tax.

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 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 NIL (2022 - NIL).

Dorene Properties Limited (Registered number: 00754901)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 225,000
Revaluations 25,000
At 30 June 2023 250,000
NET BOOK VALUE
At 30 June 2023 250,000
At 30 June 2022 225,000

The fair value of investment property was assessed by a third party at year-end and it was found there had been an increase in its fair value to £250,000. If investment properties had not been revalued, they would have been included at their historical cost of £262,505 (2022: £262,505).