Dunkerton Properties Projects Limited 10874503 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is non-trading company Digita Accounts Production Advanced 6.30.9574.0 true true 10874503 2022-08-01 2023-07-31 10874503 2023-07-31 10874503 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 10874503 core:LandBuildings 2023-07-31 10874503 bus:SmallEntities 2022-08-01 2023-07-31 10874503 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10874503 bus:FullAccounts 2022-08-01 2023-07-31 10874503 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10874503 bus:RegisteredOffice 2022-08-01 2023-07-31 10874503 bus:Director5 2022-08-01 2023-07-31 10874503 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10874503 core:Buildings 2022-08-01 2023-07-31 10874503 core:OtherRelatedParties 2022-08-01 2023-07-31 10874503 countries:EnglandWales 2022-08-01 2023-07-31 10874503 core:LandBuildings 2022-07-31 10874503 2021-08-01 2022-07-31 10874503 2022-07-31 10874503 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 10874503 core:LandBuildings 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 10874503

Prepared for the registrar

Dunkerton Properties Projects Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Dunkerton Properties Projects Limited

(Registration number: 10874503)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

762,653

762,653

Creditors: Amounts falling due within one year

5

(765,423)

(764,895)

Net liabilities

 

(2,770)

(2,242)

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

(2,772)

(2,244)

Shareholders' deficit

 

(2,770)

(2,242)

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

Director's 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 director acknowledges his 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 9 February 2024
 


J Dunkerton
Director

 

Dunkerton Properties Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
Dowdeswell Park
London Road
Charlton Kings
Cheltenham
GL52 6UT

 

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

The director will provide adequate resources for the company to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Tangible assets

Tangible assets are stated in the statement of financial position 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

Freehold property

Nil

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.

 

Dunkerton Properties Projects Limited

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

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

4

Tangible assets

Land and buildings
£

Cost

At 1 August 2022

762,653

At 31 July 2023

762,653

Depreciation

At 31 July 2023

-

Carrying amount

At 31 July 2023

762,653

At 31 July 2022

762,653

Included within the net book value of land and buildings above is £762,653 (2022 - £762,653) in respect of freehold land and buildings.
 

 

Dunkerton Properties Projects Limited

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

 

5

Creditors

Note

2023
 £

2022
 £

Due within one year

 

Amounts due to related parties

6

762,651

762,651

Other creditors

 

2,274

1,776

Accrued expenses

 

498

468

 

765,423

764,895

 

6

Related party transactions

At 31 July 2023, the company owed J Dunkerton £762,651 (2022: £762,651). No interest is charged on the loan and it is repayable on demand.

At 31 July 2023, the company owed Dowdeswell Park (Estates) LLP £2,274 (2022: £1,776), an entity under common control of J Dunkerton. No interest is charged on the loan and it is repayable on demand.