Dormer Property Limited 13145364 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is other letting and operating of own or leased real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 13145364 2022-04-01 2023-03-31 13145364 2023-03-31 13145364 core:CurrentFinancialInstruments 2023-03-31 13145364 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13145364 core:Non-currentFinancialInstruments 2023-03-31 13145364 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 13145364 bus:SmallEntities 2022-04-01 2023-03-31 13145364 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13145364 bus:FullAccounts 2022-04-01 2023-03-31 13145364 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13145364 bus:RegisteredOffice 2022-04-01 2023-03-31 13145364 bus:Director1 2022-04-01 2023-03-31 13145364 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13145364 countries:EnglandWales 2022-04-01 2023-03-31 13145364 2022-03-31 13145364 2021-01-20 2022-03-31 13145364 2022-03-31 13145364 core:CurrentFinancialInstruments 2022-03-31 13145364 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 13145364 core:Non-currentFinancialInstruments 2022-03-31 13145364 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 13145364 core:RevaluationReserve core:LandBuildings 2021-01-20 2022-03-31 13145364 core:LandBuildings 2021-01-20 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 13145364

Dormer Property Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

(Registration number: 13145364)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

552,964

400,000

Current assets

 

Debtors

5

-

37

Cash at bank and in hand

 

71,664

8,381

 

71,664

8,418

Creditors: Amounts falling due within one year

6

(239,888)

(287,468)

Net current liabilities

 

(168,224)

(279,050)

Total assets less current liabilities

 

384,740

120,950

Creditors: Amounts falling due after more than one year

6

(374,070)

(115,500)

Provisions for liabilities

(1,198)

(1,198)

Net assets

 

9,472

4,252

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

5,105

5,105

Retained earnings

4,267

(953)

Shareholders' funds

 

9,472

4,252

 

(Registration number: 13145364)
Balance Sheet as at 31 March 2023

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2023 and signed on its behalf by:
 

.........................................
Mr C J Hall
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 April

400,000

Additions

152,964

At 31 March

552,964

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2023
£

2022
£

Prepayments

-

37

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,224

-

Other creditors

238,664

287,468

239,888

287,468

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

374,070

115,500

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior period were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

5,105

5,105

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

374,070

115,500