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REGISTERED NUMBER: 04024237 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

The Dolphin Corporation Limited

The Dolphin Corporation Limited (Registered number: 04024237)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Dolphin Corporation Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S Trescothic
J Trescothic





REGISTERED OFFICE: Winscombe Care Home
Southwick Road
North Boarhunt
Fareham
Hampshire
PO17 6JF





REGISTERED NUMBER: 04024237 (England and Wales)





ACCOUNTANTS: P D Accountancy Services Ltd
77 Whites Road
Bitterne
Southampton
Hampshire
SO19 7NR

The Dolphin Corporation Limited (Registered number: 04024237)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 280,378 280,974

CURRENT ASSETS
Cash at bank 44,538 44,808

CREDITORS
Amounts falling due within one year 5 50,491 52,612
NET CURRENT LIABILITIES (5,953 ) (7,804 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,425

273,170

CREDITORS
Amounts falling due after more than one
year

6

197,784

197,784
NET ASSETS 76,641 75,386

CAPITAL AND RESERVES
Called up share capital 998 998
Revaluation reserve 8 32,000 32,000
Retained earnings 43,643 42,388
SHAREHOLDERS' FUNDS 76,641 75,386

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 Dolphin Corporation Limited (Registered number: 04024237)

Balance Sheet - continued
30 June 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 7 February 2024 and were signed on its behalf by:





J Trescothic - Director


The Dolphin Corporation Limited (Registered number: 04024237)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

The Dolphin Corporation 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of rental income receivable by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

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.

Land and buildings
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the company's freehold properties are held for long term investment and are included in the balance sheet at their open market values. The surpluses or deficits on revaluation of such properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of the freehold investment properties. Leasehold investment properties are not amortised where the unexpired term is over twenty years.

This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The director considers that this policy is necessary in order that the financial statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

3. EMPLOYEES AND DIRECTORS

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

The Dolphin Corporation Limited (Registered number: 04024237)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Investment Plant and
properties machinery Totals
£    £    £   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 277,000 13,542 290,542
DEPRECIATION
At 1 July 2022 - 9,568 9,568
Charge for year - 596 596
At 30 June 2023 - 10,164 10,164
NET BOOK VALUE
At 30 June 2023 277,000 3,378 280,378
At 30 June 2022 277,000 3,974 280,974

2023 2022
£ £
Land and Buildings historical cost 245,000245,000

The director considers the property valuation to be in line with current expectations.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Tax 434 2,555
Other creditors 49,421 49,421
Accrued expenses 636 636
50,491 52,612

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans more 5 yr by instal 197,784 197,784

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 197,784 197,784

The Dolphin Corporation Limited (Registered number: 04024237)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 197,784 197,784

The bank loans are secured against the properties to which they relate, shown under land and buildings on the Balance sheet.

8. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 32,000

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their 50% each interest in the issued share capital of the company..