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REGISTERED NUMBER: 08821323 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DIPPENHALL LIMITED

DIPPENHALL LIMITED (REGISTERED NUMBER: 08821323)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIPPENHALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A A Mackintosh
Mrs S J Mackintosh
A M Mackintosh
J H A Mackintosh





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 08821323 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

DIPPENHALL LIMITED (REGISTERED NUMBER: 08821323)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 11,238,605 10,417,415

CURRENT ASSETS
Debtors 5 1,866,426 2,414,771
Cash at bank 383,650 469,281
2,250,076 2,884,052
CREDITORS
Amounts falling due within one year 6 9,312,083 9,763,894
NET CURRENT LIABILITIES (7,062,007 ) (6,879,842 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,176,598

3,537,573

PROVISIONS FOR LIABILITIES 354,087 194,726
NET ASSETS 3,822,511 3,342,847

CAPITAL AND RESERVES
Called up share capital 1,100,407 1,100,407
Share premium 199,593 199,593
Retained earnings 2,522,511 2,042,847
SHAREHOLDERS' FUNDS 3,822,511 3,342,847

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.

DIPPENHALL LIMITED (REGISTERED NUMBER: 08821323)

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.

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 17 June 2024 and were signed on its behalf by:





A A Mackintosh - Director


DIPPENHALL LIMITED (REGISTERED NUMBER: 08821323)

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


1. STATUTORY INFORMATION

Dippenhall 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 comprises of interest and dividends paid to the company in respect of its fixed asset investments. This income is recognised when it is received.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Listed investments are included at fair value. Gains are recognised in the Income Statement. Deferred taxation is provided on these gains at the rate expected to apply when the investment is sold.

Other investments are valued at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

DIPPENHALL LIMITED (REGISTERED NUMBER: 08821323)

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


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 10,417,415
Additions 1,681,706
Disposals (1,251,990 )
Revaluations 391,474
At 31 December 2023 11,238,605
NET BOOK VALUE
At 31 December 2023 11,238,605
At 31 December 2022 10,417,415

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2016 232,697
Valuation in 2017 326,504
Valuation in 2018 (181,450 )
Valuation in 2019 725,414
Valuation in 2020 30,400
Valuation in 2021 662,850
Valuation in 2022 (771,539 )
Valuation in 2023 391,474
Cost 9,822,255
11,238,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 15,449 16,598
Forward currency contracts 1,850,977 2,398,173
1,866,426 2,414,771

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 1,887 17,414
Forward currency contracts 1,829,485 2,466,592
Directors' current accounts 7,473,509 7,273,287
Accruals and deferred income 7,202 6,601
9,312,083 9,763,894