Registered number
01692773
DOTEBROOM LIMITED
Unaudited Filleted Accounts
30 June 2023
DOTEBROOM LIMITED
Registered number: 01692773
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,473 257
Investments 4 536,499 -
537,972 257
Current assets
Debtors 5 52,489 34,305
Cash at bank and in hand 1,175,384 1,130,337
1,227,873 1,164,642
Creditors: amounts falling due within one year 7 (135,862) (22,800)
Net current assets 1,092,011 1,141,842
Total assets less current liabilities 1,629,983 1,142,099
Provisions for liabilities - (49)
Net assets 1,629,983 1,142,050
Capital and reserves
Called up share capital 150,100 150,100
Profit and loss account 1,479,883 991,950
Shareholders' funds 1,629,983 1,142,050
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H M Clarke
Director
Approved by the board on 23 January 2024
DOTEBROOM LIMITED
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 4 years
Investments
Listed investments are measured at cost. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are shown as a note to the accounts.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 July 2022 5,453
Additions 1,925
At 30 June 2023 7,378
Depreciation
At 1 July 2022 5,196
Charge for the year 709
At 30 June 2023 5,905
Net book value
At 30 June 2023 1,473
At 30 June 2022 257
4 Investments
Other
investments
£
Cost
Additions 554,000
Revaluation (15,646)
Disposals (1,855)
At 30 June 2023 536,499
At 30 June2023 the market value of the investments amounted to £536,499.
5 Debtors 2023 2022
£ £
Trade debtors 13,645 13,432
Deferred tax asset 2,595 -
Other debtors 36,249 20,873
52,489 34,305
6 Investments held as fixed assets 2023 2022
£ £
Fair value 539,499 -
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments (15,646) -
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 696 996
Taxation and social security costs 129,966 13,680
Other creditors 5,200 8,124
135,862 22,800
8 Related party transactions
During the year the company has received management fees of £709,167 (2022 - £120,000) from Kiafield Developments Limited, a company in which Mr R H Davies had a material interest. These transactions were carried out on a normal trading basis.
9 Controlling party
The directors are aware that the company is controlled by the Pfister Settlement.
10 Other information
DOTEBROOM LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
19 The Common
Ealing
London
W5 3TR
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