Registered number
02658350
Dunstanburgh Developments Limited
Filleted Accounts
31 October 2022
Dunstanburgh Developments Limited
Registered number: 02658350
Balance Sheet
as at 31 October 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 700,009 699,858
Creditors: amounts falling due within one year 4 (154,424) (118,319)
Net current liabilities (154,424) (118,319)
Total assets less current liabilities 545,585 581,539
Creditors: amounts falling due after more than one year 5 (430,206) (430,252)
Net assets 115,379 151,287
Capital and reserves
Called up share capital 100 100
Profit and loss account 115,279 151,187
Shareholders' funds 115,379 151,287
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N Astbury
Director
Approved by the board on 19 April 2024
Dunstanburgh Developments Limited
Notes to the Accounts
for the year ended 31 October 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings
Plant and machinery 15% Reducing Balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2021 686,600 152,864 839,464
Additions - 2,614 2,614
At 31 October 2022 686,600 155,478 842,078
Depreciation
At 1 November 2021 - 139,606 139,606
Charge for the year - 2,463 2,463
At 31 October 2022 - 142,069 142,069
Net book value
At 31 October 2022 686,600 13,409 700,009
At 31 October 2021 686,600 13,258 699,858
4 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 15,835 16,619
Trade creditors 2,160 2,160
Other creditors 136,429 99,540
154,424 118,319
5 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 430,206 430,252
6 Other information
Dunstanburgh Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Yule Cottage
Upham Street
Upham
Hampshire
SO32 1JA
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