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REGISTERED NUMBER: 07749375 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Dines & Sons Limited

Dines & Sons Limited (Registered number: 07749375)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dines & Sons Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr N A Dines
Mrs S L Dines





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 2a Black Bank Road
Little Downham
ELY
CB6 2TZ





REGISTERED NUMBER: 07749375 (England and Wales)

Dines & Sons Limited (Registered number: 07749375)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,486 1,150
Investment property 6 500,000 660,000
501,486 661,150

CURRENT ASSETS
Debtors 7 6,182 2,527
Cash at bank 209,226 239,110
215,408 241,637
CREDITORS
Amounts falling due within one year 8 217,043 298,142
NET CURRENT LIABILITIES (1,635 ) (56,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,851

604,645

CREDITORS
Amounts falling due after more than one
year

9

(355,250

)

(486,790

)

PROVISIONS FOR LIABILITIES (33,915 ) -
NET ASSETS 110,686 117,855

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 114,067 138,478
Retained earnings (3,481 ) (20,723 )
110,686 117,855

Dines & Sons Limited (Registered number: 07749375)

Balance Sheet - continued
31 August 2023


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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:




Mr N A Dines - Director



Mrs S L Dines - Director


Dines & Sons Limited (Registered number: 07749375)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Dines & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
The Company incurred a loss for the year and as at the year end has, as disclosed on the balance sheet. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive sufficient financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Dines & Sons Limited (Registered number: 07749375)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 1,533
Additions 831
At 31 August 2023 2,364
DEPRECIATION
At 1 September 2022 383
Charge for year 495
At 31 August 2023 878
NET BOOK VALUE
At 31 August 2023 1,486
At 31 August 2022 1,150

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 660,000
Additions 8,279
Disposals (210,000 )
Revaluations 41,721
At 31 August 2023 500,000
NET BOOK VALUE
At 31 August 2023 500,000
At 31 August 2022 660,000

Dines & Sons Limited (Registered number: 07749375)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


6. INVESTMENT PROPERTY - continued

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2020 7,342
Valuation in 2021 76,330
Valuation in 2022 47,464
Valuation in 2023 16,846
Cost 352,018
500,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 352,018 441,328

The investment property were valued on an open market basis on 31 August 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,182 2,527

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,936 -
Taxation and social security 2,262 -
Other creditors 207,845 298,142
217,043 298,142

Other creditors includes deferred income of £Nil (2022 - £440), directors' loan accounts of £316 (2022 - £17), and intercompany loans of £207,529 (2022 - £297,685).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 355,250 486,790

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 355,250 486,790

Dines & Sons Limited (Registered number: 07749375)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 355,250 486,790

On 15 July 2022, Lendinvest BTL Limited secured a fixed charge over the investment property, 44 High Street, Littleport, Ely, CB6 1HE.