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REGISTERED NUMBER: 14305059 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 18 AUGUST 2022 TO 31 AUGUST 2023

FOR

DALE LETTINGS LTD

DALE LETTINGS LTD (REGISTERED NUMBER: 14305059)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 AUGUST 2022 TO 31 AUGUST 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


DALE LETTINGS LTD

COMPANY INFORMATION
FOR THE PERIOD 18 AUGUST 2022 TO 31 AUGUST 2023







DIRECTORS: M S Ashworth
Mrs. S. Powell
J Powell





REGISTERED OFFICE: 1 Low House Close
Milnrow
Rochdale
OL16 3EP





REGISTERED NUMBER: 14305059 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

DALE LETTINGS LTD (REGISTERED NUMBER: 14305059)

ABRIDGED BALANCE SHEET
31 AUGUST 2023

Notes £    £   
FIXED ASSETS
Investment property 4 1,438,000

CURRENT ASSETS
Cash at bank 18,156

CREDITORS
Amounts falling due within one year 391,559
NET CURRENT LIABILITIES (373,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,064,597

CREDITORS
Amounts falling due after more than one year 5 408,177
NET ASSETS 656,420

CAPITAL AND RESERVES
Called up share capital 7 101
Share premium 8 662,828
Retained earnings 8 (6,509 )
SHAREHOLDERS' FUNDS 656,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the period ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





M S Ashworth - Director


DALE LETTINGS LTD (REGISTERED NUMBER: 14305059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 18 AUGUST 2022 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

Dale Lettings Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,438,000
At 31 August 2023 1,438,000
NET BOOK VALUE
At 31 August 2023 1,438,000

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
£   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 118,130

DALE LETTINGS LTD (REGISTERED NUMBER: 14305059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 18 AUGUST 2022 TO 31 AUGUST 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 408,177

Bank loans are secured against the respective properties that they relate.

7. CALLED UP SHARE CAPITAL

During the year, the following share capital was allotted, issued and fully paid:

Number: Class: Nominal value: £
3,287 Ordinary A £0.01 32.87
3,287 Ordinary B £0.01 32.87
3,287 Ordinary C £0.01 32.87
10 Ordinary D £0.01 0.10
10 Ordinary E £0.01 0.10
10 Ordinary F £0.01 0.10
10 Ordinary G £0.01 0.10
10 Ordinary H £0.01 0.10
10 Ordinary I £0.01 0.10
10 Ordinary J £0.01 0.10
10 Ordinary K £0.01 0.10
10 Ordinary L £0.01 0.10
10 Ordinary M £0.01 0.10
10 Ordinary N £0.01 0.10
10 Ordinary O £0.01 0.10
10 Ordinary P £0.01 0.10
10 Ordinary Q £0.01 0.10
10 Ordinary R £0.01 0.10
15 Ordinary S £0.01 0.15
100.26


The following fully paid shares were allotted during the period at a premium as shown below:

3,286 Ordinary A shares of £0.01 each at 67.237616 per share
3,286 Ordinary B shares of £0.01 each at 67.237616 per share
3,286 Ordinary C shares of £0.01 each at 67.237616 per share

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

Deficit for the period (6,509 ) (6,509 )
Cash share issue - 662,828 662,828
At 31 August 2023 (6,509 ) 662,828 656,319

9. RELATED PARTY DISCLOSURES

During the year, the directors introduced properties to the value of £1,438,000 into the company. These properties were transferred from a partnership at market value and were formally valued upon incorporation.