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REGISTERED NUMBER: 13179243 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DOWLING LAND & DEVELOPMENTS LIMITED

DOWLING LAND & DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13179243)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DOWLING LAND & DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: W R J Dowling
W A Dowling





REGISTERED OFFICE: Felstead Manor
Long Lane
Staines Upon Thames
Middlesex
TW19 7AN





REGISTERED NUMBER: 13179243 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

DOWLING LAND & DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13179243)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 400,000 450,094

CURRENT ASSETS
Stocks 512,458 405,653
Debtors 18,986 510,481
Cash at bank 5,356 4,366
536,800 920,500
CREDITORS
Amounts falling due within one year 643,017 1,027,953
NET CURRENT LIABILITIES (106,217 ) (107,453 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,783

342,641

CREDITORS
Amounts falling due after more than one
year

5

(190,351

)

(190,350

)

PROVISIONS FOR LIABILITIES 6 (25,004 ) (37,527 )
NET ASSETS 78,428 114,764

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 7 91,427 139,317
Retained earnings (13,099 ) (24,653 )
78,428 114,764

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

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

DOWLING LAND & DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13179243)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 August 2024 and were signed on its behalf by:





W R J Dowling - Director


DOWLING LAND & DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13179243)

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

1. STATUTORY INFORMATION

Dowling Land & Developments 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Stocks
Stock and work in progress comprise property held for re-sale, and property intended for re-sale still under construction, valued at the lower of cost and net realisable value.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

DOWLING LAND & DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13179243)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 450,094
Revaluations (50,094 )
At 31 December 2023 400,000
NET BOOK VALUE
At 31 December 2023 400,000
At 31 December 2022 450,094

Investment property is held at fair value, as determined by the Directors. Their valuation is based on the most recent professional valuation of the property, an assessment of the effect of market conditions prevailing in the area and an assessment of the rental income generated by the property.

Compared to the fair value shown above, the historic cost of the investment property was £278,098. A potential tax liability of approximately £30,476 would have arisen if the property had been sold at fair value on the balance sheet date.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.23 31.12.22
£    £   
Repayable otherwise than by instalments
Bank loans 190,351 190,350

6. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Tax losses carried forward (5,472 ) (5,472 )
Other timing differences 30,476 42,999
25,004 37,527

Deferred
tax
£   
Balance at 1 January 2023 37,527
On revaluations (12,523 )
Balance at 31 December 2023 25,004

7. RESERVES

Retained earnings is a distributable profit reserve, comprising of cumulative profits and losses, net of dividends.

The non-distributable reserve is the investment property revaluation reserve, comprising of non-distributable profits on gains and losses on the revaluation of investment properties, net of deferred taxation.

DOWLING LAND & DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13179243)

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

8. DIRECTORS ADVANCES

The following advances to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
W R J Dowling
Balance outstanding at start of year 509,220 24,502
Amounts advanced 18,400 509,220
Amounts repaid (509,220 ) (24,502 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,400 509,220

Interest has been charged on the advance shown above at a rate of 2% per annum, this has been added to the amount outstanding.

The advance shown above was repaid in full on 10th July 2024.

9. ULTIMATE CONTROLLING PARTY

The controlling party is W A Dowling.