2023-01-012023-12-312023-12-31false09236361DUNAN POWER COMPANY 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DUNAN POWER COMPANY LIMITED

Registered Number
09236361
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

DUNAN POWER COMPANY LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

CURTIS, Nicholas Simon
MCCORQUODALE, Hamish Norman
MCKELLAR, James Robert

Company Secretary

MCKELLAR, James Robert

Registered Address

7 St James's Gardens
Holland Park
London
W11 4RB

Registered Number

09236361 (England and Wales)
DUNAN POWER COMPANY LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets32,740,6912,804,744
2,740,6912,804,744
Current assets
Debtors171,660214,706
Cash at bank and on hand142,05299,835
313,712314,541
Creditors amounts falling due within one year4(125,606)(258,376)
Net current assets (liabilities)188,10656,165
Total assets less current liabilities2,928,7972,860,909
Creditors amounts falling due after one year(1,343,309)(1,274,066)
Provisions for liabilities(440,761)(280,109)
Net assets1,144,7271,306,734
Capital and reserves
Called up share capital2,000102,000
Profit and loss account1,142,7271,204,734
Shareholders' funds1,144,7271,306,734
The financial statements were approved and authorised for issue by the Board of Directors on 26 March 2024, and are signed on its behalf by:
MCKELLAR, James Robert
Director
Registered Company No. 09236361
DUNAN POWER COMPANY LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 January 233,204,4033,204,403
At 31 December 233,204,4033,204,403
Depreciation and impairment
At 01 January 23399,659399,659
Charge for year64,05364,053
At 31 December 23463,712463,712
Net book value
At 31 December 232,740,6912,740,691
At 31 December 222,804,7442,804,744
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables14,07355
Bank borrowings and overdrafts71,208211,659
Taxation and social security1,6078,367
Accrued liabilities and deferred income38,71838,295
Total125,606258,376
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.