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REGISTERED NUMBER: 11621275 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

DWELLINGS WELL KEPT LIMITED

DWELLINGS WELL KEPT LIMITED (REGISTERED NUMBER: 11621275)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DWELLINGS WELL KEPT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr P M Kitchen
Mr D M Kitchen
Mrs B G Kitchen





SECRETARY:





REGISTERED OFFICE: 32 sea view rise
Hopton-on-sea
Great Yarmouth
United Kingdom
Norfolk
NR31 9SE





REGISTERED NUMBER: 11621275 (England and Wales)





ACCOUNTANTS: Insight Accountancy Services Ltd
7A Alkmaar Way
Norwich Int Business Park
Norwich
Norfolk
NR6 6BF

DWELLINGS WELL KEPT LIMITED (REGISTERED NUMBER: 11621275)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 540,000 552,000

CURRENT ASSETS
Debtors 5 353 610
Cash at bank 3,926 7,810
4,279 8,420
CREDITORS
Amounts falling due within one year 6 473,966 473,272
NET CURRENT LIABILITIES (469,687 ) (464,852 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,313

87,148

PROVISIONS FOR LIABILITIES 15,852 18,132
NET ASSETS 54,461 69,016

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 67,579 77,299
Retained earnings (13,218 ) (8,383 )
54,461 69,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

DWELLINGS WELL KEPT LIMITED (REGISTERED NUMBER: 11621275)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:




Mr D M Kitchen - Director



Mr P M Kitchen - Director


DWELLINGS WELL KEPT LIMITED (REGISTERED NUMBER: 11621275)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Dwellings Well Kept 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.

Turnover
Turnover represents rental income from investment properties and is stated excluding value added tax.

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DWELLINGS WELL KEPT LIMITED (REGISTERED NUMBER: 11621275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 552,000
Revaluations (12,000 )
At 31 October 2023 540,000
NET BOOK VALUE
At 31 October 2023 540,000
At 31 October 2022 552,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2019 215,832
Valuation in 2020 118,179
Valuation in 2021 225,989
Valuation in 2022 (8,000 )
Valuation in 2023 (12,000 )
540,000

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

31.10.23 31.10.22
£    £   
Cost 456,569 456,569

Investment property was valued on an open market basis on 31 October 2021 by D Kitchen .

Due to when the properties were purchased, the directors believe the cost represents the fair value as at 31 October 2020.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 353 610

DWELLINGS WELL KEPT LIMITED (REGISTERED NUMBER: 11621275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 204,099 204,099
Taxation and social security - 791
Other creditors 269,867 268,382
473,966 473,272

7. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 204,099 204,099

Fixed and negative pledge charges held on the investment property.

8. RESERVES
Fair
value
reserve
£   
At 1 November 2022 77,299
Reserve transfer (9,720 )

At 31 October 2023 67,579