Registration number:
Dillon Property Investment Ltd
for the Year Ended 28 February 2023
Dillon Property Investment Ltd
(Registration number: 12442924)
Balance Sheet as at 28 February 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Investment property |
|
|
|
Current assets |
|||
Other financial assets |
71,922 |
290,000 |
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
100 |
100 |
|
Retained earnings |
(39,180) |
(565) |
|
Shareholders' deficit |
(39,080) |
(465) |
For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
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
......................................... |
Dillon Property Investment Ltd
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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. The directors consider this appropriate, notwithstanding the deficit of net assets, as the company's activity is funded by loans from the directors (and a company controlled by the directors) which they do not intend to withdraw in the foreseeable future.
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.
Investment property
Investments
Traded securities are carried at fair value, derived from current market prices. Changes in fair value are recognised in profit or loss.
Dillon Property Investment Ltd
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year was
Investment properties |
2023 |
|
At 1 March 2022 |
|
Additions |
|
Fair value adjustments |
|
At 28 February 2023 |
|
There has been no formal valuation of investment property by an independent valuer.
Other financial assets (current and non-current) |
Financial assets at fair value |
Total |
|
Current financial assets |
||
Cost or valuation |
||
At 1 March 2022 |
290,000 |
290,000 |
Fair value adjustments |
(39,769) |
(39,769) |
Additions |
1,706 |
1,706 |
Disposals |
(180,015) |
(180,015) |
At 28 February 2023 |
71,922 |
71,922 |
Carrying amount |
||
At 28 February 2023 |
|
71,922 |
Dillon Property Investment Ltd
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Due within one year |
||
Accruals and deferred income |
|
|
Other creditors |
|
|
|
|
Creditors: amounts falling due after more than one year
Note |
2023 |
2022 |
|
Due after one year |
|||
Loans and borrowings |
|
|
Creditors include loans of £965,000 not repayable by instalments and due after more than five years. These consist of loans of £695,000 from a company controlled by the directors and bearing interest at a commercial rate, and an interest-free loan of £270,000 from the directors.
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
Loans and borrowings |
2023 |
2022 |
|
Non-current loans and borrowings |
||
Other borrowings |
|
|