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REGISTERED NUMBER: 01120120 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DUNE PROPERTIES LIMITED

DUNE PROPERTIES LIMITED (REGISTERED NUMBER: 01120120)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUNE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs J Anguish
Mrs J Snelson
Mr D M Snelson





SECRETARY: Mrs J Snelson





REGISTERED OFFICE: 8-10 Fairland Street
Wymondham
Norfolk
NR18 0AW





REGISTERED NUMBER: 01120120 (England and Wales)






DUNE PROPERTIES LIMITED (REGISTERED NUMBER: 01120120)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,501 82,501
Investment property 5 475,000 475,000
557,501 557,501

CURRENT ASSETS
Debtors 6 9,865 12,065
Prepayments and accrued income 4,890 4,833
Cash at bank 411,771 452,995
426,526 469,893
CREDITORS
Amounts falling due within one year 7 6,987 2,442
NET CURRENT ASSETS 419,539 467,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

977,040

1,024,952

PROVISIONS FOR LIABILITIES (42,981 ) (41,582 )

ACCRUALS AND DEFERRED INCOME (20,818 ) (20,475 )
NET ASSETS 913,241 962,895

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 260,640 260,640
Retained earnings 652,501 702,155
SHAREHOLDERS' FUNDS 913,241 962,895

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

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

DUNE PROPERTIES LIMITED (REGISTERED NUMBER: 01120120)

BALANCE SHEET - continued
31 DECEMBER 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 9 April 2024 and were signed on its behalf by:




Mr D M Snelson - Director



Mrs J Snelson - Director


DUNE PROPERTIES LIMITED (REGISTERED NUMBER: 01120120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Dune Properties 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.

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.
Short leasehold - No Depreciation
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

DUNE PROPERTIES LIMITED (REGISTERED NUMBER: 01120120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 82,500 2,191 84,691
DEPRECIATION
At 1 January 2023
and 31 December 2023 - 2,190 2,190
NET BOOK VALUE
At 31 December 2023 82,500 1 82,501
At 31 December 2022 82,500 1 82,501

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 475,000
NET BOOK VALUE
At 31 December 2023 475,000
At 31 December 2022 475,000

The directors undertake an annual valuation assessment of the investment properties. The historical cost (and non-depreciated net book values) of these properties at the balance sheet date was £255,279 (2022: £255,279).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,865 12,065

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,751 -
Taxation and social security 1,136 1,342
Other creditors 1,100 1,100
6,987 2,442

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 260,640

DUNE PROPERTIES LIMITED (REGISTERED NUMBER: 01120120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. RELATED PARTY DISCLOSURES

During the year, the company paid rent, management and professional fees of £23,344 (2022: £22,520) to Town Close Limited and £13,520 (2022: £12,525) to M Anguish. Town Close Limited is a company under the control of D M Snelson and Mrs J Snelson. M Anguish is a shareholder and spouse of J Anguish, a director of Dune Properties Limited.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D M Snelson.