Silverfin false 31/03/2023 01/04/2022 31/03/2023 P A Silver G A Silver I M Amdur 23 November 2023 The principal activity of the company continued to be that of development and the provision of services for the development of real estate. 05505529 2023-03-31 05505529 2022-03-31 05505529 core:CurrentFinancialInstruments 2023-03-31 05505529 core:CurrentFinancialInstruments 2022-03-31 05505529 core:Non-currentFinancialInstruments 2023-03-31 05505529 core:Non-currentFinancialInstruments 2022-03-31 05505529 core:ShareCapital 2023-03-31 05505529 core:ShareCapital 2022-03-31 05505529 core:RetainedEarningsAccumulatedLosses 2023-03-31 05505529 core:RetainedEarningsAccumulatedLosses 2022-03-31 05505529 core:ComputerEquipment 2022-03-31 05505529 core:ComputerEquipment 2023-03-31 05505529 bus:OrdinaryShareClass1 2023-03-31 05505529 2022-04-01 2023-03-31 05505529 bus:FullAccounts 2022-04-01 2023-03-31 05505529 bus:SmallEntities 2022-04-01 2023-03-31 05505529 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05505529 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05505529 bus:Director1 2022-04-01 2023-03-31 05505529 bus:Director2 2022-04-01 2023-03-31 05505529 bus:Director3 2022-04-01 2023-03-31 05505529 core:ComputerEquipment core:TopRangeValue 2022-04-01 2023-03-31 05505529 2021-04-01 2022-03-31 05505529 core:ComputerEquipment 2022-04-01 2023-03-31 05505529 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 05505529 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05505529 (England and Wales)

DORCHESTER PROJECT MANAGEMENT LIMITED

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

DORCHESTER PROJECT MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

DORCHESTER PROJECT MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
DORCHESTER PROJECT MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,451 122
1,451 122
Current assets
Debtors 4 2,805,605 3,575,845
Cash at bank and in hand 23,237 50,081
2,828,842 3,625,926
Creditors: amounts falling due within one year 5 ( 122,242) ( 775,175)
Net current assets 2,706,600 2,850,751
Total assets less current liabilities 2,708,051 2,850,873
Creditors: amounts falling due after more than one year 6 ( 21,667) ( 31,667)
Net assets 2,686,384 2,819,206
Capital and reserves
Called-up share capital 7 3 3
Profit and loss account 2,686,381 2,819,203
Total shareholders' funds 2,686,384 2,819,206

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.

Directors' responsibilities:

The financial statements of Dorchester Project Management Limited (registered number: 05505529) were approved and authorised for issue by the Director. They were signed on its behalf by:

P A Silver
Director

23 November 2023

DORCHESTER PROJECT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
DORCHESTER PROJECT MANAGEMENT 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

Dorchester Project Management 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.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

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 Income and Retained Earnings.

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.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

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 directors 7 7

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2022 358 358
Additions 2,165 2,165
At 31 March 2023 2,523 2,523
Accumulated depreciation
At 01 April 2022 236 236
Charge for the financial year 836 836
At 31 March 2023 1,072 1,072
Net book value
At 31 March 2023 1,451 1,451
At 31 March 2022 122 122

4. Debtors

2023 2022
£ £
Trade debtors 411,152 215,440
Prepayments and accrued income 359,560 855
Other debtors 2,034,893 3,359,550
2,805,605 3,575,845

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,000
Trade creditors 27,252 27,282
Amounts owed to directors 46,589 57,098
Accruals 25,293 368,157
Taxation and social security 13,108 312,638
122,242 775,175

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 21,667 31,667

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each 3 3