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REGISTERED NUMBER: 06909845 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR


DARTMOOR CAPITAL MANAGEMENT
UK GP LIMITED



DARTMOOR CAPITAL MANAGEMENT



UK GP LIMITED (REGISTERED NUMBER: 06909845)








CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





DARTMOOR CAPITAL MANAGEMENT



UK GP LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2023









DIRECTORS:

M J SENNETT


Mrs J SENNETT







REGISTERED OFFICE:

109 BAKER STREET


LONDON


W1U 6RP







REGISTERED NUMBER:

06909845 (England and Wales)







ACCOUNTANTS:

GOLDWYNS


CHARTERED ACCOUNTANTS


109 BAKER STREET


LONDON


W1U 6RP



DARTMOOR CAPITAL MANAGEMENT



UK GP LIMITED (REGISTERED NUMBER: 06909845)



BALANCE SHEET

30 SEPTEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

234


468



Investment property

5

467,409


467,409



467,643


467,877




CURRENT ASSETS

Debtors

6

184


1,350



Cash at bank

275


148



459


1,498



CREDITORS

Amounts falling due within one year

7

26,510


18,292



NET CURRENT LIABILITIES

(26,051

)

(16,794

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

441,592


451,083




CREDITORS

Amounts falling due after more than one year

8

193,745


193,745



NET ASSETS

247,847


257,338




CAPITAL AND RESERVES

Called up share capital

11

100


100



Investment property value gain reserve

12

(51,118

)

(51,118

)


Retained earnings

12

298,865


308,356



SHAREHOLDERS' FUNDS

247,847


257,338




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


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



DARTMOOR CAPITAL MANAGEMENT



UK GP LIMITED (REGISTERED NUMBER: 06909845)



BALANCE SHEET - continued

30 SEPTEMBER 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 April 2024 and were signed on its behalf by:






M J SENNETT - Director




DARTMOOR CAPITAL MANAGEMENT



UK GP LIMITED (REGISTERED NUMBER: 06909845)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023


1.

STATUTORY INFORMATION



DARTMOOR CAPITAL MANAGEMENT UK GP 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 net invoiced sales of services, excluding value added tax, based on delivery of services.



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings

-

20% on cost



Investment property


Investment property is valued at the open market values in accordance with the Directors' views. No depreciation or amortisation is charge with respect to the property based on valuations of similar properties by property agents.



Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.


Debtors and creditors receivable / payable within one year


Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.



Impairment


Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount.  Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.



Provisions


Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.


3.

EMPLOYEES AND DIRECTORS



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



DARTMOOR CAPITAL MANAGEMENT



UK GP LIMITED (REGISTERED NUMBER: 06909845)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2023


4.

TANGIBLE FIXED ASSETS


Fixtures


and


fittings

£   



COST


At 1 October 2022


and 30 September 2023

8,024




DEPRECIATION


At 1 October 2022

7,556




Charge for year

234




At 30 September 2023

7,790




NET BOOK VALUE


At 30 September 2023

234




At 30 September 2022

468




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 October 2022


and 30 September 2023

467,409




NET BOOK VALUE


At 30 September 2023

467,409




At 30 September 2022

467,409




Cost of property includes a property where the company is a part owner of the property, at 26.51%.


Fair value at 30 September 2023 is represented by:

£   



Valuation in 2023

467,409




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



VAT

184


1,350




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Directors' current accounts

25,010


16,792




Accrued expenses

1,500


1,500



26,510


18,292





DARTMOOR CAPITAL MANAGEMENT



UK GP LIMITED (REGISTERED NUMBER: 06909845)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2023


8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR


2023

2022


£   

£   



Bank loans (see note 9)

193,745


193,745





Amounts falling due in more than five years:



Repayable otherwise than by instalments


Bank loans more 5 yrs non-instalment

193,745


193,745




Interest is charged at commercial rates.

9.

LOANS



An analysis of the maturity of loans is given below:


2023

2022


£   

£   



Amounts falling due in more than five years:


Repayable otherwise than by instalments


Bank loans more 5 yrs non-instalment

193,745


193,745




10.

SECURED DEBTS



The following secured debts are included within creditors:


2023

2022


£   

£   



Bank loans

193,745


193,745





This is secured on the investment properties.


11.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



100

Ordinary

£1

100


100




12.

RESERVES


Investment



property



value



Retained


gain



earnings


reserve


Totals

£   

£   

£   




At 1 October 2022

308,356


(51,118

)

257,238




Deficit for the year

(9,491

)

(9,491

)



At 30 September 2023

298,865


(51,118

)

247,747