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REGISTERED NUMBER: 12998692 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2021 TO 28 NOVEMBER 2022

FOR

DUNE ESTATES LTD

DUNE ESTATES LTD (REGISTERED NUMBER: 12998692)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 DECEMBER 2021 TO 28 NOVEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUNE ESTATES LTD

COMPANY INFORMATION
For The Period 1 DECEMBER 2021 TO 28 NOVEMBER 2022







DIRECTOR: N Islam





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 12998692 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

DUNE ESTATES LTD (REGISTERED NUMBER: 12998692)

BALANCE SHEET
28 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 329 -
Investment property 5 336,438 336,698
336,767 336,698

CURRENT ASSETS
Debtors 6 55,016 261
Cash at bank and in hand 6,714 156,705
61,730 156,966
CREDITORS
Amounts falling due within one year 7 234,762 305,823
NET CURRENT LIABILITIES (173,032 ) (148,857 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,735

187,841

CREDITORS
Amounts falling due after more than one
year

8

203,041

203,041
NET LIABILITIES (39,306 ) (15,200 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (39,307 ) (15,201 )
(39,306 ) (15,200 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





N Islam - Director


DUNE ESTATES LTD (REGISTERED NUMBER: 12998692)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 DECEMBER 2021 TO 28 NOVEMBER 2022

1. STATUTORY INFORMATION

Dune Estates 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.

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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

DUNE ESTATES LTD (REGISTERED NUMBER: 12998692)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 DECEMBER 2021 TO 28 NOVEMBER 2022

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
Additions 329
At 28 November 2022 329
NET BOOK VALUE
At 28 November 2022 329

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2021 336,698
Additions (260 )
At 28 November 2022 336,438
NET BOOK VALUE
At 28 November 2022 336,438
At 30 November 2021 336,698

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by connected companies 54,755 -
Other debtors 261 261
55,016 261

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1 791
Amounts owed to connected companies - 23,100
Other creditors 234,761 281,932
234,762 305,823

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 203,041 203,041

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loan more 5 yrs non-inst 203,041 203,041

DUNE ESTATES LTD (REGISTERED NUMBER: 12998692)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 DECEMBER 2021 TO 28 NOVEMBER 2022

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Other loan 203,041 203,041

Other loan are secured by way of fixed charge over the investment property of the company and contains negative pledge.

10. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year is an amount of £231,995(2021: £280,432) owed to the director.This loan is interest free and repayable on demand.

Included in creditors, amount falling due within one year, is an amount of £54,755 due from a connected company.The loan is interest free and repayable on demand.