IRIS Accounts Production v23.3.1.45 01389061 Board of Directors 30.5.22 31.5.23 31.5.23 false true false false true false Defined benefit pension plans iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013890612022-05-29013890612023-05-31013890612022-05-302023-05-31013890612021-05-29013890612021-05-302022-05-29013890612022-05-2901389061ns10:Originalns15:EnglandWales2022-05-302023-05-3101389061ns14:PoundSterlingns10:Original2022-05-302023-05-3101389061ns10:Originalns10:Director12022-05-302023-05-3101389061ns10:Original2022-05-302023-05-3101389061ns10:Original2023-05-3101389061ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-302023-05-3101389061ns10:Originalns10:SmallEntities2022-05-302023-05-3101389061ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-302023-05-3101389061ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-302023-05-3101389061ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-302023-05-3101389061ns10:Originalns10:AbridgedAccounts2022-05-302023-05-3101389061ns5:TotalForAllPensionPlansExcludingMedicalOtherPlansns10:Original2022-05-302023-05-3101389061ns10:Originalns10:Director22022-05-302023-05-3101389061ns10:Originalns10:Director42022-05-302023-05-3101389061ns10:Originalns10:RegisteredOffice2022-05-302023-05-3101389061ns10:Original2022-05-2901389061ns10:Originalns5:CurrentFinancialInstruments2023-05-3101389061ns10:Originalns5:CurrentFinancialInstruments2022-05-2901389061ns10:Originalns5:Non-currentFinancialInstruments2023-05-3101389061ns10:Originalns5:Non-currentFinancialInstruments2022-05-2901389061ns5:TotalForAllPensionPlansExcludingMedicalOtherPlansns10:Original2023-05-3101389061ns5:TotalForAllPensionPlansExcludingMedicalOtherPlansns10:Original2022-05-2901389061ns5:ShareCapitalns10:Original2023-05-3101389061ns5:ShareCapitalns10:Original2022-05-2901389061ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3101389061ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-2901389061ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-05-302023-05-3101389061ns10:Originalns5:MotorVehicles2022-05-302023-05-3101389061ns10:Originalns5:ComputerEquipment2022-05-302023-05-3101389061ns10:Original2021-05-302022-05-2901389061ns10:Original2022-05-2901389061ns5:TotalForAllPensionPlansExcludingMedicalOtherPlansns10:Original2021-05-302022-05-2901389061ns5:TotalForAllPensionPlansExcludingMedicalOtherPlansns10:Original2022-05-2901389061ns5:TotalForAllPensionPlansExcludingMedicalOtherPlansns10:Original2021-05-29
REGISTERED NUMBER: 01389061 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 MAY 2022 TO 31 MAY 2023

FOR

DUNWOODY BUILDING LEGISLATION LTD

DUNWOODY BUILDING LEGISLATION LTD (REGISTERED NUMBER: 01389061)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 30 May 2022 to 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DUNWOODY BUILDING LEGISLATION LTD

COMPANY INFORMATION
for the period 30 May 2022 to 31 May 2023







DIRECTORS: Mr S Nichtburg
Mr E F Roberts
Mr M J Wheeler





REGISTERED OFFICE: Comer Bus & Inno Centre, Suite 328
2nd Flr, ,Building 3 Nth London Bus Park
Oakleigh Road South
London
N11 1NP





REGISTERED NUMBER: 01389061 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

DUNWOODY BUILDING LEGISLATION LTD (REGISTERED NUMBER: 01389061)

ABRIDGED BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,339 94,148

CURRENT ASSETS
Debtors 545,567 336,725
Cash at bank and in hand 356,686 347,352
902,253 684,077
CREDITORS
Amounts falling due within one year 256,280 271,636
NET CURRENT ASSETS 645,973 412,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

739,312

506,589

CREDITORS
Amounts falling due after more than one year (60,904 ) (90,489 )

PENSION LIABILITY 6 (20,000 ) (46,000 )
NET ASSETS 658,408 370,100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 658,308 370,000
658,408 370,100

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

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

DUNWOODY BUILDING LEGISLATION LTD (REGISTERED NUMBER: 01389061)

ABRIDGED BALANCE SHEET - continued
31 May 2023


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 Income Statement and an abridged Balance Sheet for the period ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 February 2024 and were signed on its behalf by:





Mr S Nichtburg - Director


DUNWOODY BUILDING LEGISLATION LTD (REGISTERED NUMBER: 01389061)

NOTES TO THE FINANCIAL STATEMENTS
for the period 30 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

Dunwoody Building Legislation 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 2% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the period 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 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.

DUNWOODY BUILDING LEGISLATION LTD (REGISTERED NUMBER: 01389061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 30 May 2022 to 31 May 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Typically, defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the Balance Sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2022 - 5 ) .

DUNWOODY BUILDING LEGISLATION LTD (REGISTERED NUMBER: 01389061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 30 May 2022 to 31 May 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 May 2022 136,544
Additions 26,979
At 31 May 2023 163,523
DEPRECIATION
At 30 May 2022 42,396
Charge for period 27,788
At 31 May 2023 70,184
NET BOOK VALUE
At 31 May 2023 93,339
At 29 May 2022 94,148

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 30 May 2022
and 31 May 2023 78,338
DEPRECIATION
At 30 May 2022 19,584
Charge for period 14,688
At 31 May 2023 34,272
NET BOOK VALUE
At 31 May 2023 44,066
At 29 May 2022 58,754

DUNWOODY BUILDING LEGISLATION LTD (REGISTERED NUMBER: 01389061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 30 May 2022 to 31 May 2023

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 55,488 75,073

Hire purchase contracts are secured against the assets to which they relate.

6. EMPLOYEE BENEFIT OBLIGATIONS

Dunwoody Building Legislation Limited (the Company) operates a defined benefit pension arrangement called the T Dunwoody & Partners Retirement Benefits Scheme (the Scheme). The Scheme provides benefits based on salary and length of service on retirement or death.

The Scheme is subject to the Statutory Funding Objective under the Pensions Act 2004. A valuation of the scheme is carried out at least once every three years to determine whether the Statutory Funding Objective is met. As part of the process the Company must agree with the Trustees of the Scheme the contributions to be paid to meet the Statutory Funding Objective.

The most comprehensive actuarial valuation of the Scheme was carried out as at 1 June 2022 and the next valuation of the Scheme is due as at 1 June 2025. In the event that the valuation reveals a larger deficit than expected the Company may be required to increase contributions above those set out in the existing Schedule of Contributions. Conversely, if the position is better than expected, it is possible that contributions may be reduced.

The Company expects to pay contributions of £8,000 in the year to 31 May 2024.

The Scheme is managed by a board of Trustees. The Trustees have responsibility for obtaining valuations of the fund, administering benefit payments and investing the Scheme's assets. The Trustees delegate some of these functions to their professional advisers where appropriate.

There were no plan amendments, curtailments or settlements during the period.

The amounts recognised in the balance sheet are as follows:

Defined benefit
pension plans
2023 2022
£    £   
Present value of funded obligations (200,000 ) (240,000 )
Fair value of plan assets 180,000 194,000
(20,000 ) (46,000 )
Present value of unfunded obligations - -
Deficit (20,000 ) (46,000 )
Net liability (20,000 ) (46,000 )

DUNWOODY BUILDING LEGISLATION LTD (REGISTERED NUMBER: 01389061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 30 May 2022 to 31 May 2023

6. EMPLOYEE BENEFIT OBLIGATIONS - continued

The amounts recognised in profit or loss are as follows:

Defined benefit
pension plans
2023 2022
£    £   
Current service cost - -
Net interest from net defined benefit asset/liability 1,000 1,000
Past service cost - -
1,000 1,000

Actual return on plan assets (22,000 ) (8,000 )

Changes in the present value of the defined benefit obligation are as follows:

Defined benefit
pension plans
2023 2022
£    £   
Opening defined benefit obligation 240,000 266,000
Interest cost 8,000 5,000
Actuarial losses/(gains) (48,000 ) (31,000 )
200,000 240,000

Changes in the fair value of scheme assets are as follows:

Defined benefit
pension plans
2023 2022
£    £   
Opening fair value of scheme assets 194,000 198,000
Contributions by employer 8,000 4,000
Expected return 7,000 4,000
Actuarial gains/(losses) (29,000 ) (12,000 )
180,000 194,000

DUNWOODY BUILDING LEGISLATION LTD (REGISTERED NUMBER: 01389061)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 30 May 2022 to 31 May 2023

6. EMPLOYEE BENEFIT OBLIGATIONS - continued

The amounts recognised in other comprehensive income are as follows:

Defined benefit
pension plans
2023 2022
£    £   
Actuarial gains/(losses) 19,000 19,000
19,000 19,000

The major categories of scheme assets as amounts of total scheme assets are as follows:

Defined benefit
pension plans
2023 2022
£    £   
Equities 53,460 53,460
Fixed interest 86,940 100,940
Property 39,600 39,600
180,000 194,000

Principal actuarial assumptions at the balance sheet date (expressed as weighted averages):

2023 2022
Discount rate 5.30% 3.30%
Retail Price Inflation 3.50% 4.10%
Consumer Price Inflation 2.50% 3.10%

Sensitivity of the value placed on the liabilities:

£   s Impact on liability value
Discount rate increased by 0.5% p.a. (9)
Inflation assumptions decreased by 0.5% p.a. (6)