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REGISTERED NUMBER: 11700266 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

DEAN LANE (WINCHESTER) LIMITED

DEAN LANE (WINCHESTER) LIMITED (REGISTERED NUMBER: 11700266)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEAN LANE (WINCHESTER) LIMITED

COMPANY INFORMATION
for the Year Ended 30th November 2023







DIRECTORS: R J Carter
A Surtees
J Cole
P A Cole





SECRETARY:





REGISTERED OFFICE: 5 & 6 City Business Centre
Hyde Street
Winchester
United Kingdom
SO23 7TA





REGISTERED NUMBER: 11700266 (England and Wales)





ACCOUNTANTS: K S Goring & Co Chartered Accountants
222 Upper Richmond Road West
London
SW14 8AH

DEAN LANE (WINCHESTER) LIMITED (REGISTERED NUMBER: 11700266)

BALANCE SHEET
30th November 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Work in progress stock 4 2,937,556 2,172,536
Debtors 5 2,267 8,797
Cash at bank 35,193 114,524
2,975,016 2,295,857
CREDITORS
Amounts falling due within one year 6 455,170 286,305
NET CURRENT ASSETS 2,519,846 2,009,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,519,846

2,009,552

CREDITORS
Amounts falling due after more than one
year

7

1,374,515

877,344
NET ASSETS 1,145,331 1,132,208

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,145,231 1,132,108
SHAREHOLDERS' FUNDS 1,145,331 1,132,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

DEAN LANE (WINCHESTER) LIMITED (REGISTERED NUMBER: 11700266)

BALANCE SHEET - continued
30th November 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 30th August 2024 and were signed on its behalf by:




P A Cole - Director



R J Carter - Director


DEAN LANE (WINCHESTER) LIMITED (REGISTERED NUMBER: 11700266)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Dean Lane (Winchester) 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.

Revenue recognition
Revenue from private housing sales and their respective profits are recognised when the property
is structurally completed and legally transferred to the purchaser. Revenue is measured at the fair value of consideration received or receivable for the property, net of vat.

Inventories (work in progress and stocks)
Inventories are stated at the lower of cost and net realisable value. Costs, in relation to work in progress , comprises direct materials and, where applicable, direct labour and those overheads, that have been incurred in bringing the inventories to their present location and condition.

Land held for development, including land in the course of development until legal completion of the sale of the asset, is initially recorded at cost.

Options purchased in respect of land are capitalised initially at cost. The carrying cost of the option at the date of exercise is included within the cost of land purchased as a result of the option exercise.
The cost of option not exercised are written off in the year that the decision is made.

Valuation of work in progress and land held for development are carried at the lower of cost and net realisable value. The valuations are certified by surveyors.

Borrowing costs
Borrowing costs are recognised on an accruals basis and are payable in accordance with the loan agreement terms.

3. EMPLOYEES AND DIRECTORS

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

4. WORK IN PROGRESS STOCK

Inventories consists of Work in progress, land and where applicable, completed units.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,995
Other debtors 2,267 5,802
2,267 8,797

DEAN LANE (WINCHESTER) LIMITED (REGISTERED NUMBER: 11700266)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (90,722 ) -
Taxation and social security 3,078 255,254
Other creditors 542,814 31,051
455,170 286,305

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Loans 1,374,515 877,344

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Commercial loan 866,238 797,630
Inter company loan 508,277 79,714
1,374,515 877,344

It was commercially viable, due to the difficulty in raising finance for the new trade in residential property development, for the company to use loans obtained by the directors, for the specific purpose of purchasing the land and property.

These loans and any interest payable on them, will not be due for payment by the company until the developments have been completed and sold.

8. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party.