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REGISTERED NUMBER: 00703309 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DUGDALE INVESTMENTS LIMITED

DUGDALE INVESTMENTS LIMITED (REGISTERED NUMBER: 00703309)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUGDALE INVESTMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mrs V A Bottrill
Mrs D G Bull





SECRETARY: Mrs V A Bottrill





REGISTERED OFFICE: 77 Pallett Drive
Nuneaton
Warwickshire
CV11 6JT





REGISTERED NUMBER: 00703309 (England and Wales)





ACCOUNTANTS: SFB Group Limited
Chartered Accountants
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU

DUGDALE INVESTMENTS LIMITED (REGISTERED NUMBER: 00703309)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 748,130 748,133

CURRENT ASSETS
Debtors 5 19,906 19,457
Cash at bank 31,201 42,651
51,107 62,108
CREDITORS
Amounts falling due within one year 6 88,564 90,200
NET CURRENT LIABILITIES (37,457 ) (28,092 )
TOTAL ASSETS LESS CURRENT LIABILITIES 710,673 720,041

PROVISIONS FOR LIABILITIES 6 6
NET ASSETS 710,667 720,035

CAPITAL AND RESERVES
Called up share capital 7 1,500 1,500
Revaluation reserve 8 572,814 572,814
Retained earnings 8 136,353 145,721
SHAREHOLDERS' FUNDS 710,667 720,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





Mrs V A Bottrill - Director


DUGDALE INVESTMENTS LIMITED (REGISTERED NUMBER: 00703309)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dugdale Investments 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - not provided
Fixtures and fittings - 10% on reducing balance

The directors have valued the trading & investment property in 2014 at £745,750. This is shown in the financial statements as tangible fixed assets - Freehold Property.

The valuation has been reassessed by the directors on 31 March 2024. Having considered the value of other similar properties in the area, the condition of the property and the tenancies achieved and recent valuations they have concluded that this still represents a fair value of the investment property. Continued maintenance and refurbishment will ensure the fair value is maintained subject to any fluctuations in the property market in general.

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.

Operating income
Operating income represents the total rents receivable during the year and all arose within the United Kingdom.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

DUGDALE INVESTMENTS LIMITED (REGISTERED NUMBER: 00703309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 745,750 2,350 1,317 749,417
DEPRECIATION
At 1 April 2023 - - 1,284 1,284
Charge for year - - 3 3
At 31 March 2024 - - 1,287 1,287
NET BOOK VALUE
At 31 March 2024 745,750 2,350 30 748,130
At 31 March 2023 745,750 2,350 33 748,133

Freehold property was valued by the directors on an open market basis at 31 March 2014 at £745,750.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,762 17,552
Prepayments 1,144 1,905
19,906 19,457

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 12,037 12,859
Directors' loan accounts 58,183 57,663
Accrued expenses 18,344 19,678
88,564 90,200

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,500 Ordinary £1 1,500 1,500

DUGDALE INVESTMENTS LIMITED (REGISTERED NUMBER: 00703309)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 145,721 572,814 718,535
Profit for the year 47,632 47,632
Dividends (57,000 ) (57,000 )
At 31 March 2024 136,353 572,814 709,167