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REGISTERED NUMBER: 11963834 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2023

for

Dunn & Rate Estate Agents Limited

Dunn & Rate Estate Agents Limited (Registered number: 11963834)






Contents of the Financial Statements
for the Year Ended 30th April 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Dunn & Rate Estate Agents Limited (Registered number: 11963834)

Balance Sheet
30th April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 237 2,665

CURRENT ASSETS
Debtors 5 27,252 4,258
Cash at bank 4,577 27,059
31,829 31,317
CREDITORS
Amounts falling due within one year 6 31,945 32,075
NET CURRENT LIABILITIES (116 ) (758 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

121

1,907

CREDITORS
Amounts falling due after more than
one year

7

(3,267

)

(4,667

)

PROVISIONS FOR LIABILITIES (45 ) (506 )
NET LIABILITIES (3,191 ) (3,266 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,291 ) (3,366 )
(3,191 ) (3,266 )

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

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

Dunn & Rate Estate Agents Limited (Registered number: 11963834)

Balance Sheet - continued
30th April 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th September 2023 and were signed on its behalf by:




Mrs S Rate - Director



Miss L Dunn - Director


Dunn & Rate Estate Agents Limited (Registered number: 11963834)

Notes to the Financial Statements
for the Year Ended 30th April 2023

1. STATUTORY INFORMATION

Dunn & Rate Estate Agents Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11963834

Registered office: 112a Baddeley Green Lane
Stoke-on-Trent
Staffordshire
ST2 7HA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Dunn & Rate Estate Agents Limited (Registered number: 11963834)

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

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st May 2022
and 30th April 2023 7,079 2,631 9,710
DEPRECIATION
At 1st May 2022 5,238 1,807 7,045
Charge for year 1,770 658 2,428
At 30th April 2023 7,008 2,465 9,473
NET BOOK VALUE
At 30th April 2023 71 166 237
At 30th April 2022 1,841 824 2,665

Dunn & Rate Estate Agents Limited (Registered number: 11963834)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 6,600 1,258
Other debtors 20,652 3,000
27,252 4,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 1,449 1,400
Trade creditors 4,550 2,821
Taxation and social security 24,296 17,063
Other creditors 1,650 10,791
31,945 32,075

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 3,267 4,667

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2023 and 30th April 2022:

30.4.23 30.4.22
£    £   
Miss L Dunn
Balance outstanding at start of year (339 ) 1,814
Amounts advanced 9,700 -
Amounts repaid - (2,153 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,361 (339 )

Mrs S Rate
Balance outstanding at start of year (8,802 ) -
Amounts advanced 17,093 -
Amounts repaid - (8,802 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,291 (8,802 )