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REGISTERED NUMBER: 10612509 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Dub Estates Limited

Dub Estates Limited (Registered number: 10612509)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dub Estates Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J S Israel
Mrs E A Caplan





REGISTERED OFFICE: FFT Reedham House
31 King Street West
Manchester
M3 2PJ





REGISTERED NUMBER: 10612509 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Dub Estates Limited (Registered number: 10612509)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 90 90
Investment property 5 837,479 837,479
837,569 837,569

CURRENT ASSETS
Debtors 6 265,000 1,040,678
Cash at bank 936,332 21,838
1,201,332 1,062,516
CREDITORS
Amounts falling due within one year 7 1,868,806 1,807,349
NET CURRENT LIABILITIES (667,474 ) (744,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,095

92,736

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 170,065 92,706
170,095 92,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Dub Estates Limited (Registered number: 10612509)

Balance Sheet - continued
28 February 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 27 November 2023 and were signed on its behalf by:





Mrs E A Caplan - Director


Dub Estates Limited (Registered number: 10612509)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Dub Estates 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.

Turnover
Turnover represents the invoice value of rent and service charges provided exclusive of value added tax during the year.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Interest in investment properties is stated at an open market value with no depreciation being provided in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102.

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.

Going concern
The company's financial statements for the year ended 28 February 2023 have been prepared on a going basis as, after making appropriate enquiries the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

Dub Estates Limited (Registered number: 10612509)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 90
NET BOOK VALUE
At 28 February 2023 90
At 28 February 2022 90

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 837,479
NET BOOK VALUE
At 28 February 2023 837,479
At 28 February 2022 837,479

The directors consider the market value of the investment property not to be materially different to the value shown in the financial statements as at 28 February 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 7,999
Other debtors 265,000 1,032,679
265,000 1,040,678

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 20,179 15,522
Other creditors 1,848,627 1,791,827
1,868,806 1,807,349

Dub Estates Limited (Registered number: 10612509)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. RELATED PARTY DISCLOSURES

Included within other creditors is the directors' current account balance of £1,497,827 (2022: £1,509,827). There are no fixed repayment terms and no interest has been charged to the company in respect of these balances.

The company was owed the sum of £247,500 at the balance sheet date from a fellow group undertaking.