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REGISTERED NUMBER: 05110376 (England and Wales)














DUDLEY PROPERTIES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






DUDLEY PROPERTIES LTD (REGISTERED NUMBER: 05110376)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DUDLEY PROPERTIES LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: C S W Dudley
Mrs K J Dudley





SECRETARY: Mrs K J Dudley





REGISTERED OFFICE: 167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH





REGISTERED NUMBER: 05110376 (England and Wales)





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

DUDLEY PROPERTIES LTD (REGISTERED NUMBER: 05110376)

ABRIDGED BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,055 53,615
Investments 5 709,785 782,909
Investment property 6 7,291,625 6,246,054
8,070,465 7,082,578

CURRENT ASSETS
Debtors 4,076 3,600
Cash at bank 62,375 105,360
66,451 108,960
CREDITORS
Amounts falling due within one year 8,689 12,921
NET CURRENT ASSETS 57,762 96,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,128,227

7,178,617

CREDITORS
Amounts falling due after more than one year 7 4,415,114 4,173,590
NET ASSETS 3,713,113 3,005,027

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 9 4,053,591 3,008,020
Retained earnings (350,478 ) (12,993 )
SHAREHOLDERS' FUNDS 3,713,113 3,005,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

DUDLEY PROPERTIES LTD (REGISTERED NUMBER: 05110376)

ABRIDGED BALANCE SHEET - continued
31 MARCH 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 31 March 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 10 October 2023 and were signed on its behalf by:





C S W Dudley - Director


DUDLEY PROPERTIES LTD (REGISTERED NUMBER: 05110376)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Dudley Properties Ltd 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, excluding discounts, rebates, value added tax and other sales taxes.

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DUDLEY PROPERTIES LTD (REGISTERED NUMBER: 05110376)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 158,009
Additions 38,459
At 31 March 2023 196,468
DEPRECIATION
At 1 April 2022 104,394
Charge for year 23,019
At 31 March 2023 127,413
NET BOOK VALUE
At 31 March 2023 69,055
At 31 March 2022 53,615

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022 55,544
Additions 6,876
At 31 March 2023 62,420
NET BOOK VALUE
At 31 March 2023 62,420
At 31 March 2022 55,544
Information on loans is as follows:
Totals
£   
At 1 April 2022 727,365
Additions 70,000
Disposals (150,000 )
At 31 March 2023 647,365

DUDLEY PROPERTIES LTD (REGISTERED NUMBER: 05110376)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 6,246,054
Revaluations 1,045,571
At 31 March 2023 7,291,625
NET BOOK VALUE
At 31 March 2023 7,291,625
At 31 March 2022 6,246,054

The directors are of the opinion that the market value of the investment properties is certainly not less than the valuation shown in the Balance sheet.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.23 31.3.22
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 4,383,447 4,131,923

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 4,415,114 4,173,590

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022 3,008,020
Revaluation of freehold prop 1,045,571

At 31 March 2023 4,053,591