REGISTERED NUMBER: |
DMH Cirencester Limited |
Financial Statements |
for the Year Ended 31st May 2023 |
REGISTERED NUMBER: |
DMH Cirencester Limited |
Financial Statements |
for the Year Ended 31st May 2023 |
DMH Cirencester Limited (Registered number: 04134840) |
Contents of the Financial Statements |
for the Year Ended 31st May 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
DMH Cirencester Limited (Registered number: 04134840) |
Balance Sheet |
31st May 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
DMH Cirencester Limited (Registered number: 04134840) |
Balance Sheet - continued |
31st May 2023 |
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 director and authorised for issue on |
DMH Cirencester Limited (Registered number: 04134840) |
Notes to the Financial Statements |
for the Year Ended 31st May 2023 |
1. | STATUTORY INFORMATION |
DMH Cirencester Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. |
Goodwill |
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years. |
Tangible fixed assets |
Leasehold improvements | - |
Plant and machinery | - |
Fixtures, fittings and equipment | - |
Motor vehicles | - |
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 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 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. |
DMH Cirencester Limited (Registered number: 04134840) |
Notes to the Financial Statements - continued |
for the Year Ended 31st May 2023 |
2. | ACCOUNTING POLICIES - continued |
Leasing commitments |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st June 2022 |
and 31st May 2023 |
AMORTISATION |
At 1st June 2022 |
and 31st May 2023 |
NET BOOK VALUE |
At 31st May 2023 |
At 31st May 2022 |
5. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings |
Leasehold | Plant and | and | Motor |
improvements | machinery | equipment | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st June 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 31st May 2023 |
DEPRECIATION |
At 1st June 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31st May 2023 |
NET BOOK VALUE |
At 31st May 2023 |
At 31st May 2022 |
DMH Cirencester Limited (Registered number: 04134840) |
Notes to the Financial Statements - continued |
for the Year Ended 31st May 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st June 2022 |
Disposals | ( |
) |
At 31st May 2023 |
NET BOOK VALUE |
At 31st May 2023 |
At 31st May 2022 |
The investment properties comprise commercial and residential properties. |
Fair value at 31st May 2023 is represented by: |
£ |
Valuation in 2017 | 9,036 |
Valuation in 2019 | 10,071 |
Valuation in 2020 | (16,037 | ) |
Cost | 277,123 |
280,193 |
If the investment property had not been revalued it would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 277,123 | 347,662 |
The investment property was valued on an open market basis on 31st May 2023 by the director . |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Other creditors |
9. | RELATED PARTY DISCLOSURES |
The company occupies land and buildings owned by the director. During the year, the company paid rent of £6,000. There was no outstanding balance at the year end. |
DMH Cirencester Limited (Registered number: 04134840) |
Notes to the Financial Statements - continued |
for the Year Ended 31st May 2023 |
10. | PENSION COMMITMENTS |
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £139 were due to the fund. They are included in other creditors. |