Dorcan Business Village (Swindon) Limited 02217801 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the maintenance and services of the common areas of the Dorcan Business Village Digita Accounts Production Advanced 6.30.9574.0 true 02217801 2023-01-01 2023-12-31 02217801 2023-12-31 02217801 core:CurrentFinancialInstruments 2023-12-31 02217801 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02217801 core:FurnitureFittings 2023-12-31 02217801 bus:SmallEntities 2023-01-01 2023-12-31 02217801 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02217801 bus:FullAccounts 2023-01-01 2023-12-31 02217801 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02217801 bus:RegisteredOffice 2023-01-01 2023-12-31 02217801 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 02217801 bus:Director3 2023-01-01 2023-12-31 02217801 bus:Director7 2023-01-01 2023-12-31 02217801 bus:Director8 2023-01-01 2023-12-31 02217801 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02217801 core:FurnitureFittings 2023-01-01 2023-12-31 02217801 countries:EnglandWales 2023-01-01 2023-12-31 02217801 2022-12-31 02217801 core:FurnitureFittings 2022-12-31 02217801 2022-01-01 2022-12-31 02217801 2022-12-31 02217801 core:CurrentFinancialInstruments 2022-12-31 02217801 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 02217801 core:FurnitureFittings 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 02217801

Dorcan Business Village (Swindon) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Dorcan Business Village (Swindon) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Dorcan Business Village (Swindon) Limited

Company Information

Directors

Mr A B Ponting

Mr R J V Morris

Mr I Kremerov

Mr P L McCallum

Company secretary

Mr R J V Morris

Registered office

16 Dorcan Business Village
Murdock Road, Dorcan
Swindon
Wiltshire
SN3 5HY

Accountants

UHY Ross Brooke
Chartered Accountants
16 Dorcan Business Village
Murdock Road, Dorcan
Swindon
Wiltshire
SN3 5HY

 

Dorcan Business Village (Swindon) Limited

(Registration number: 02217801)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,738

3,468

Current assets

 

Debtors

5

1,719

2,990

Cash at bank and in hand

 

46,018

45,151

 

47,737

48,141

Creditors: Amounts falling due within one year

6

(7,615)

(9,242)

Net current assets

 

40,122

38,899

Net assets

 

42,860

42,367

Capital and reserves

 

Called up share capital

17

17

Other reserves

38,769

33,463

Retained earnings

4,074

8,887

Shareholders' funds

 

42,860

42,367

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 April 2024 and signed on its behalf by:
 

.........................................
Mr A B Ponting
Director

 

Dorcan Business Village (Swindon) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 Dorcan Business Village
Murdock Road, Dorcan
Swindon
Wiltshire
SN3 5HY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover represents services charges due from underlessees during the year and any other fees receivable.

The directors determine annually the level of reserves required having regard to future cyclical maintenance and working capital requirements. Services charges payable by the underlesses are equivalent to the expenditure incurred by the company in the accounting period inclusive of any transfer to or from the reserves for future cyclical maintenance.

Tax

The tax expense for the period comprises current tax payable.

The services charges that the company receives are considered to arise from mutual trading and therefore not subject to tax. A liability to current tax arises on any non-mutual income less any relevant expenditure.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line

 

Dorcan Business Village (Swindon) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 5).

 

Dorcan Business Village (Swindon) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 January 2023

3,650

3,650

At 31 December 2023

3,650

3,650

Depreciation

At 1 January 2023

182

182

Charge for the year

730

730

At 31 December 2023

912

912

Carrying amount

At 31 December 2023

2,738

2,738

At 31 December 2022

3,468

3,468

5

Debtors

Current

2023
£

2022
£

Trade debtors

660

1,980

Prepayments

1,059

1,010

 

1,719

2,990

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

523

4,206

Taxation and social security

59

2

Other creditors

7,033

5,034

7,615

9,242

 

Dorcan Business Village (Swindon) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2022 - £3,132).

8

Related party transactions

Summary of transactions with other related parties
The director Mr A B Ponting was associated with UHY Ross Brooke - Chartered Accountants until 31 July 2022. UHY Ross Brooke provided accountancy and bookkeeping services amounting to £966 (2022 £1,853).

The director Mr R J V Morris is associated with WBM Commercial Property Ltd who provided site management services amounting to £1,500 (2022 £1,500).