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REGISTERED NUMBER: 01494514 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

DORADEEN WELLS LIMITED

DORADEEN WELLS LIMITED (REGISTERED NUMBER: 01494514)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DORADEEN WELLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: M J Hannant
J R Hannant





SECRETARY: J R Hannant





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 01494514 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

DORADEEN WELLS LIMITED (REGISTERED NUMBER: 01494514)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 3,415 4,267
Investment property 6 2,915,005 2,915,005
2,918,420 2,919,272

CURRENT ASSETS
Debtors 7 55,369 97,130
Cash at bank and in hand 371,550 287,849
426,919 384,979
CREDITORS
Amounts falling due within one year 8 20,695 17,276
NET CURRENT ASSETS 406,224 367,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,324,644

3,286,975

PROVISIONS FOR LIABILITIES 457,800 457,800
NET ASSETS 2,866,844 2,829,175

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 1,835,227 1,835,227
Retained earnings 1,031,517 993,848
SHAREHOLDERS' FUNDS 2,866,844 2,829,175

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

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

DORADEEN WELLS LIMITED (REGISTERED NUMBER: 01494514)

BALANCE SHEET - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





M J Hannant - Director


DORADEEN WELLS LIMITED (REGISTERED NUMBER: 01494514)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Doradeen Wells 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
This represents the invoiced amounts of goods sold and services provided, net of value added tax.


Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1984, has been written off evenly over it's estimated usefull life.


Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Freehold property - 2.5% on cost
Plant and machinery - 12.5% on cost
Fixtures and fittings - 12.5% on 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.

DORADEEN WELLS LIMITED (REGISTERED NUMBER: 01494514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 7,000
AMORTISATION
At 1 May 2022
and 30 April 2023 7,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 May 2022
and 30 April 2023 34,090 2,396 12,857 49,343
DEPRECIATION
At 1 May 2022 29,823 2,396 12,857 45,076
Charge for year 852 - - 852
At 30 April 2023 30,675 2,396 12,857 45,928
NET BOOK VALUE
At 30 April 2023 3,415 - - 3,415
At 30 April 2022 4,267 - - 4,267

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 2,915,005
NET BOOK VALUE
At 30 April 2023 2,915,005
At 30 April 2022 2,915,005

DORADEEN WELLS LIMITED (REGISTERED NUMBER: 01494514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


6. INVESTMENT PROPERTY - continued

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2013 1,403,842
Valuation in 2014 202,582
Valuation in 2015 222,840
Valuation in 2016 271,540
Valuation in 2017 163,362
Valuation in 2018 28,861
Cost 621,978
2,915,005

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 55,369 97,130

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 18,475 15,728
Other creditors 2,220 1,548
20,695 17,276

9. RESERVES
Fair
value
reserve
£   
At 1 May 2022
and 30 April 2023 1,835,227

10. RELATED PARTY DISCLOSURES

At the year end the director owed the company £51,036 (2022 £92,797).