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Registered Number: 11041256
England and Wales

 

 

 

DWELLINGS4U LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Accountants report

You consider that the company is exempt from an audit for the year ended 30 November 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 



....................................................
aa Chartered Accountants
Fenlake House
Fenlake Business Centre
Fengate
Peterborough
PE1 5BQ
30 August 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 2,443    1,120 
Investment Properties 4 1,356,058    1,090,000 
1,358,501    1,091,120 
Current assets      
Debtors: amounts falling due within one year 49,666    17,690 
Cash at bank and in hand 1,606    5,574 
51,272    23,264 
Creditors: amount falling due within one year (375,403)   (255,568)
Net current assets (324,131)   (232,304)
 
Total assets less current liabilities 1,034,370    858,816 
Creditors: amount falling due after more than one year (919,553)   (831,338)
Net assets 114,817    27,478 
 

Capital and reserves
     
Called up share capital 5 20    20 
Reserves 6 499,839    375,852 
Profit and loss account (385,042)   (348,394)
Shareholders' funds 114,817    27,478 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 August 2024 and were signed on its behalf by:


-------------------------------
Craig Roberts
Director
-------------------------------
Kevin Moulton
Director
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General Information
Dwellings4U Limited is a private company, limited by shares, registered in England and Wales, registration number 11041256, registration address Lake Business Centre, Crossbank Road, Kings Lynn, Norfolk, PE30 2HD.

The presentation currency is £ sterling
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The Company continues to grow in line with the directors predictions and expectations with income being generated from the capital growth and disposals of the investment properties.  As such the directors will continue to support the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33% Reducing Balance
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to the profit and loss account.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees including directors


Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures & Fittings   Computer Equipment   Total
  £   £   £
At 01 December 2022 2,476      2,476 
Additions 1,285    774    2,059 
Disposals    
At 30 November 2023 3,761    774    4,535 
Depreciation
At 01 December 2022 1,356      1,356 
Charge for year 481    255    736 
On disposals    
At 30 November 2023 1,837    255    2,092 
Net book values
Closing balance as at 30 November 2023 1,924    519    2,443 
Opening balance as at 01 December 2022 1,120      1,120 


4.

Investment Properties

Cost Other investments other than loans   Total
  £   £
At 01 December 2022 1,090,000    1,090,000 
Additions 142,071    142,071 
Transfer to/from tangible fixed assets  
Disposals  
Revaluations 123,987    123,987 
At 30 November 2023 1,356,058    1,356,058 

5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
20 Ordinary shares of £1.00 each 20    20 
20    20 

6.

Related Party Transactions

During the year the company was charged £14,797 by Dwellings4U Construction Ltd, (2022: £6,489) and these services where provided under normal market conditions.  The amount outstanding at the 30th November 2023 was £21,758 (2022: £33,525).

During the year the company recharged Interest of £11,370 (2022: £8,662) in respect of interest the company has paid on investment loans.  At the 30th November 2023 the company owed D4U Tower Court Ltd £77,769 (2022: £85,523).  

At the 30th November 2023 the company owed Kevin Moulton Heating Plumbing & Bathrooms Ltd £7,678 (2022: £7,177).  

At the 30th November 2023 the company owed Mrs P Roberts £29,675 (2022: £28,175), who is the grandmother of Mr C Roberts, a director of the company. The loan has been provided under normal market conditions and interest has been charged. 

At the 30th November 2023 the company owed Mr & Mrs Walker £52,877 (2022:£48,758).  Mrs Walker is the mother of Mr C Roberts, a director of the company.  The loan has been provided under normal market conditions and interest has been charged.

At the 30th November 2023 the company owed Mrs P Moulton £1,301, who is the wife of the director Mr K Moulton. During the year the company was charged £9,364 for management services.


At the 30th November 2023 the company owed Mrs S Roberts £1,301, who is the wife of the director Mr C Roberts. During the year the company was charged £9,364 for management services


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