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REGISTERED NUMBER: 01195289 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Duneways Property Co. Limited

Duneways Property Co. Limited (Registered number: 01195289)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Duneways Property Co. Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr T Appleby





REGISTERED OFFICE: 10 Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD





REGISTERED NUMBER: 01195289 (England and Wales)





ACCOUNTANTS: Emsdens Limited - Chartered Certified Accountants
Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD

Duneways Property Co. Limited (Registered number: 01195289)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 193 239
Investment property 5 1,113,514 1,113,514
1,113,707 1,113,753

CURRENT ASSETS
Debtors 6 24,234 17,817
Cash at bank 3,098 2,658
27,332 20,475
CREDITORS
Amounts falling due within one year 7 206,976 190,922
NET CURRENT LIABILITIES (179,644 ) (170,447 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,063

943,306

CREDITORS
Amounts falling due after more than one
year

8

(742,274

)

(759,672

)

PROVISIONS FOR LIABILITIES (18,980 ) (18,958 )
NET ASSETS 172,809 164,676

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 80,821 80,821
Retained earnings 91,888 83,755
SHAREHOLDERS' FUNDS 172,809 164,676

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Duneways Property Co. Limited (Registered number: 01195289)

Balance Sheet - continued
31 July 2024


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 director and authorised for issue on 26 August 2024 and were signed by:





Mr T Appleby - Director


Duneways Property Co. Limited (Registered number: 01195289)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Duneways Property Co. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at variable rates on reducing balance

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 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 (2023 - 1 ).

Duneways Property Co. Limited (Registered number: 01195289)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 4,944
DEPRECIATION
At 1 August 2023 4,705
Charge for year 46
At 31 July 2024 4,751
NET BOOK VALUE
At 31 July 2024 193
At 31 July 2023 239

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 1,113,514
NET BOOK VALUE
At 31 July 2024 1,113,514
At 31 July 2023 1,113,514

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 24,234 17,817

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 19,500 20,500
Taxation and social security 1,525 1,685
Other creditors 185,951 168,737
206,976 190,922

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 317,274 334,672
Other creditors 425,000 425,000
742,274 759,672

Duneways Property Co. Limited (Registered number: 01195289)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 317,274 334,672

9. CALLED UP SHARE CAPITAL

Shares in issue are 100 ordinary shares of £1 each.

10. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 80,821

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Appleby.

The ultimate controlling party is Mr T Appleby.