Silverfin false 31/03/2023 01/04/2022 31/03/2023 T J S Wood-Dow 23/02/2007 21 November 2023 The principal activity of the company continued to be that of consulting and business services. 06126459 2023-03-31 06126459 bus:Director1 2023-03-31 06126459 2022-03-31 06126459 core:CurrentFinancialInstruments 2023-03-31 06126459 core:CurrentFinancialInstruments 2022-03-31 06126459 core:ShareCapital 2023-03-31 06126459 core:ShareCapital 2022-03-31 06126459 core:RevaluationReserve 2023-03-31 06126459 core:RevaluationReserve 2022-03-31 06126459 core:RetainedEarningsAccumulatedLosses 2023-03-31 06126459 core:RetainedEarningsAccumulatedLosses 2022-03-31 06126459 core:CostValuation 2022-03-31 06126459 core:CostValuation 2023-03-31 06126459 core:ProvisionsForImpairmentInvestments 2022-03-31 06126459 core:ImpairmentLossProvisionsForImpairmentInvestments 2023-03-31 06126459 core:ProvisionsForImpairmentInvestments 2023-03-31 06126459 core:ListedExchangeTraded core:WithinOneYear 2023-03-31 06126459 core:ListedExchangeTraded core:WithinOneYear 2022-03-31 06126459 2021-03-31 06126459 bus:OrdinaryShareClass1 2023-03-31 06126459 2022-04-01 2023-03-31 06126459 bus:FullAccounts 2022-04-01 2023-03-31 06126459 bus:SmallEntities 2022-04-01 2023-03-31 06126459 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06126459 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06126459 bus:Director1 2022-04-01 2023-03-31 06126459 2021-04-01 2022-03-31 06126459 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06126459 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06126459 (England and Wales)

DORNEY CONSULTING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

DORNEY CONSULTING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

DORNEY CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
DORNEY CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 78,723 178,723
78,723 178,723
Current assets
Debtors 4 38,579 17,825
Investments 5 87,871 90,143
Cash at bank and in hand 3,088 7,122
129,538 115,090
Creditors: amounts falling due within one year 6 ( 11,125) ( 8,269)
Net current assets 118,413 106,821
Total assets less current liabilities 197,136 285,544
Provision for liabilities 7 ( 1,304) ( 1,872)
Net assets 195,832 283,672
Capital and reserves
Called-up share capital 8 100 100
Revaluation reserve 3,912 5,616
Profit and loss account 191,820 277,956
Total shareholder's funds 195,832 283,672

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

Director's responsibilities:

The financial statements of Dorney Consulting Limited (registered number: 06126459) were approved and authorised for issue by the Director. They were signed on its behalf by:

T J S Wood-Dow
Director

21 November 2023

DORNEY CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
DORNEY CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dorney Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Other investments Total
£ £
Carrying value before impairment
At 01 April 2022 178,723 178,723
At 31 March 2023 178,723 178,723
Provisions for impairment
At 01 April 2022 0 0
Impairment 100,000 100,000
At 31 March 2023 100,000 100,000
Carrying value at 31 March 2023 78,723 78,723
Carrying value at 31 March 2022 178,723 178,723

4. Debtors

2023 2022
£ £
Trade debtors 32,401 14,400
Other debtors 6,178 3,425
38,579 17,825

5. Current asset investments

2023 2022
£ £
Listed investments – at fair value 87,871 90,143

6. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to director 1,304 990
Accruals 4,500 5,000
Other taxation and social security 5,321 2,119
Other creditors 0 160
11,125 8,269

7. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 1,872) 0
Credited/(charged) to the Profit and Loss Account 568 ( 1,872)
At the end of financial year ( 1,304) ( 1,872)

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100