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REGISTERED NUMBER: 08570497 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

DUKEY LIMITED

DUKEY LIMITED (REGISTERED NUMBER: 08570497)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUKEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: A B Byrne
S Byrne





REGISTERED OFFICE: 89 Buckingham Road
Shoreham By Sea
West Sussex
BN43 5UD





REGISTERED NUMBER: 08570497 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

DUKEY LIMITED (REGISTERED NUMBER: 08570497)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 427,000 439,000

CURRENT ASSETS
Cash at bank 4 36

CREDITORS
Amounts falling due within one year 5 226,873 235,024
NET CURRENT LIABILITIES (226,869 ) (234,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,131

204,012

PROVISIONS FOR LIABILITIES 35,359 32,879
NET ASSETS 164,772 171,133

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 6 150,741 165,221
Retained earnings 14,027 5,908
SHAREHOLDERS' FUNDS 164,772 171,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 31 January 2024 and were signed on its behalf by:





A B Byrne - Director


DUKEY LIMITED (REGISTERED NUMBER: 08570497)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Dukey 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents due for the period from the letting of investment property,

Investment property
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 439,000
Revaluations (12,000 )
At 30 June 2023 427,000
NET BOOK VALUE
At 30 June 2023 427,000
At 30 June 2022 439,000

DUKEY LIMITED (REGISTERED NUMBER: 08570497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2014 29,100
Valuation in 2016 26,000
Valuation in 2017 4,000
Valuation in 2019 13,000
Valuation in 2020 51,000
Valuation in 2021 39,500
Valuation in 2022 35,500
Valuation in 2023 (12,000 )
Cost 240,900
427,000

The director provided the valuation at market value at the balance sheet date.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,905 911
Other creditors 224,968 234,113
226,873 235,024

6. RESERVES
Revaluation
reserve
£   
At 1 July 2022 165,221
Transfer to Reserves (14,480 )

At 30 June 2023 150,741

7. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of A B Byrne and S Byrne, the directors of the company.