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REGISTERED NUMBER: 04134840 (England and Wales)










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 5 247,856 228,563
Investment property 6 280,193 370,193
528,049 598,756

CURRENT ASSETS
Debtors 7 67,442 190,558
Cash at bank 125,241 1,042
192,683 191,600
CREDITORS
Amounts falling due within one year 8 58,934 130,980
NET CURRENT ASSETS 133,749 60,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

661,798

659,376

PROVISIONS FOR LIABILITIES 33,979 26,954
NET ASSETS 627,819 632,422

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 627,718 632,321
SHAREHOLDERS' FUNDS 627,819 632,422

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

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


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th April 2024 and were signed by:





D R Telling - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04134840

Registered office: Norcote Workshops
London Road
Cirencester
Gloucestershire
GL7 5RH

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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - straight line over the life of the lease
Plant and machinery - 15% on reducing balance
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% 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 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 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2022
and 31st May 2023 150,000
AMORTISATION
At 1st June 2022
and 31st May 2023 150,000
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 214,489 203,566 54,091 382,896 855,042
Additions 3,106 27,560 2,233 37,453 70,352
Disposals - - - (31,002 ) (31,002 )
At 31st May 2023 217,595 231,126 56,324 389,347 894,392
DEPRECIATION
At 1st June 2022 132,181 143,066 42,865 308,367 626,479
Charge for year 8,610 11,987 1,805 24,457 46,859
Eliminated on disposal - - - (26,802 ) (26,802 )
At 31st May 2023 140,791 155,053 44,670 306,022 646,536
NET BOOK VALUE
At 31st May 2023 76,804 76,073 11,654 83,325 247,856
At 31st May 2022 82,308 60,500 11,226 74,529 228,563

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 370,193
Disposals (90,000 )
At 31st May 2023 280,193
NET BOOK VALUE
At 31st May 2023 280,193
At 31st May 2022 370,193

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 38,032 43,214
Other debtors 29,410 147,344
67,442 190,558

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,923 17,020
Other creditors 36,011 113,960
58,934 130,980

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.