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REGISTERED NUMBER: 01336406 (England and Wales)



















DUNSCREST LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






DUNSCREST LIMITED (REGISTERED NUMBER: 01336406)






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




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


DUNSCREST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr N S Khera
Ms H M Khera
Mr A S Khera





SECRETARY: Ms H M Khera





REGISTERED OFFICE: 84 Westbourne Park Road
London
W2 5PL





REGISTERED NUMBER: 01336406 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

DUNSCREST LIMITED (REGISTERED NUMBER: 01336406)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 618,127 424,531
Investments 6 100,000 100,000
718,127 524,531

CURRENT ASSETS
Stocks 691,750 691,750
Debtors 7 15,244 11,130
Cash at bank and in hand 150,607 188,074
857,601 890,954
CREDITORS
Amounts falling due within one year 8 22,194 72,398
NET CURRENT ASSETS 835,407 818,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,553,534

1,343,087

CREDITORS
Amounts falling due after more than one
year

9

896,063

896,063
NET ASSETS 657,471 447,024

CAPITAL AND RESERVES
Called up share capital 5,100 5,100
Revaluation reserve 59,750 59,750
Fair value reserve 200,000 -
Retained earnings 392,621 382,174
SHAREHOLDERS' FUNDS 657,471 447,024

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.

DUNSCREST LIMITED (REGISTERED NUMBER: 01336406)

STATEMENT OF FINANCIAL POSITION - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





Mr A S Khera - Director


DUNSCREST LIMITED (REGISTERED NUMBER: 01336406)

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

1. STATUTORY INFORMATION

Dunscrest 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided in the normal course of business. The turnover of the company is represented by rents and charges receivable in respect of the company's investment portfolio.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position date.


DUNSCREST LIMITED (REGISTERED NUMBER: 01336406)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2022 390,000 154,542 28,857 573,399
Revaluations 200,000 - - 200,000
At 30 September 2023 590,000 154,542 28,857 773,399
DEPRECIATION
At 1 October 2022 - 132,255 16,613 148,868
Charge for year - 3,343 3,061 6,404
At 30 September 2023 - 135,598 19,674 155,272
NET BOOK VALUE
At 30 September 2023 590,000 18,944 9,183 618,127
At 30 September 2022 390,000 22,287 12,244 424,531


6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 October 2022
and 30 September 2023 100,000
NET BOOK VALUE
At 30 September 2023 100,000
At 30 September 2022 100,000

DUNSCREST LIMITED (REGISTERED NUMBER: 01336406)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tenants deposits 11,000 7,029
Tax 4,244 4,101
15,244 11,130

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tenants deposits 11,000 46,612
PAYE and NIC 2,821 -
NEST pension 1,296 554
Net wages control - 33
Directors' loan accounts 1,077 22,800
Accruals and deferred income 6,000 2,399
22,194 72,398

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more than 5 years by
non-instalments

896,063

896,063

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years by
non-instalments

896,063

896,063

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 896,063 896,063

The bank loan is secured by a legal charge over the company's freehold property.