Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseproperty rental11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04348569 2023-01-01 2023-12-31 04348569 2022-01-01 2022-12-31 04348569 2023-12-31 04348569 2022-12-31 04348569 2022-01-01 04348569 c:Director1 2023-01-01 2023-12-31 04348569 d:Buildings 2023-01-01 2023-12-31 04348569 d:Buildings 2023-12-31 04348569 d:Buildings 2022-12-31 04348569 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04348569 d:PlantMachinery 2023-01-01 2023-12-31 04348569 d:PlantMachinery 2023-12-31 04348569 d:PlantMachinery 2022-12-31 04348569 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04348569 d:MotorVehicles 2023-01-01 2023-12-31 04348569 d:MotorVehicles 2023-12-31 04348569 d:MotorVehicles 2022-12-31 04348569 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04348569 d:FurnitureFittings 2023-01-01 2023-12-31 04348569 d:FurnitureFittings 2023-12-31 04348569 d:FurnitureFittings 2022-12-31 04348569 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04348569 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04348569 d:CurrentFinancialInstruments 2023-12-31 04348569 d:CurrentFinancialInstruments 2022-12-31 04348569 d:Non-currentFinancialInstruments 2023-12-31 04348569 d:Non-currentFinancialInstruments 2022-12-31 04348569 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04348569 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04348569 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04348569 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04348569 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 04348569 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 04348569 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 04348569 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 04348569 d:ShareCapital 2023-12-31 04348569 d:ShareCapital 2022-12-31 04348569 d:RevaluationReserve 2023-12-31 04348569 d:RevaluationReserve 2022-12-31 04348569 d:OtherMiscellaneousReserve 2023-01-01 2023-12-31 04348569 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04348569 d:RetainedEarningsAccumulatedLosses 2023-12-31 04348569 d:RetainedEarningsAccumulatedLosses 2022-12-31 04348569 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 04348569 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 04348569 c:FRS102 2023-01-01 2023-12-31 04348569 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04348569 c:FullAccounts 2023-01-01 2023-12-31 04348569 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04348569 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 04348569 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 04348569 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 04348569 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 04348569 2 2023-01-01 2023-12-31 04348569 5 2023-01-01 2023-12-31 04348569 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04348569 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04348569 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 04348569 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-12-31 04348569 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04348569









DINTON PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DINTON PROPERTIES LIMITED
REGISTERED NUMBER: 04348569

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,927,765
2,901,380

  
2,927,765
2,901,380

Current assets
  

Debtors: amounts falling due within one year
 5 
3,850
925

Cash at bank and in hand
 6 
371,514
500,593

  
375,364
501,518

Creditors: amounts falling due within one year
 7 
(219,035)
(251,214)

Net current assets
  
 
 
156,329
 
 
250,304

Total assets less current liabilities
  
3,084,094
3,151,684

Creditors: amounts falling due after more than one year
 8 
-
(84,154)

Provisions for liabilities
  

Deferred tax
 12 
(14,138)
(14,138)

  
 
 
(14,138)
 
 
(14,138)

Accruals and deferred income
 13 
-
(108)

Net assets excluding pension asset
  
3,069,956
3,053,284

Net assets
  
3,069,956
3,053,284


Capital and reserves
  

Called up share capital 
  
100
100

Fair value reserve
 14 
1,928,897
1,928,897

Profit and loss account
 14 
1,140,959
1,124,287

  
3,069,956
3,053,284

Page 1

 
DINTON PROPERTIES LIMITED
REGISTERED NUMBER: 04348569
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2024.




................................................
Jonathan Bush
Director

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
DINTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dinton Properties Limited is a private company limited by shares, incorporated in England & Wales. The principal activity of the Company is property rental.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
DINTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using reducing balance and straight line methods.

Depreciation is provided on the following basis:

Freehold property
-
Straight line over fifty years
Plant and machinery
-
10% reducing balance
Motor vehicles
-
20% reducing balance
Fixtures and fittings
-
10% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
DINTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.
Page 5

 
DINTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
DINTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
3,145,622
346,088
-
7,266
3,498,976


Additions
-
-
68,108
-
68,108



At 31 December 2023

3,145,622
346,088
68,108
7,266
3,567,084



Depreciation


At 1 January 2023
338,615
255,593
-
3,388
597,596


Charge for the year on owned assets
18,665
9,049
13,621
388
41,723



At 31 December 2023

357,280
264,642
13,621
3,776
639,319



Net book value



At 31 December 2023
2,788,342
81,446
54,487
3,490
2,927,765



At 31 December 2022
2,807,007
90,495
-
3,878
2,901,380

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
19,319
21,465


5.


Debtors

2023
2022
£
£


Other debtors
3,079
-

Prepayments and accrued income
771
925

3,850
925


Page 7

 
DINTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
371,514
500,593

371,514
500,593



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
71,914
75,000

Trade creditors
1,283
318

Corporation tax
17,564
53,789

Other taxation and social security
298
15,933

Obligations under finance lease and hire purchase contracts
2,191
5,500

Other creditors
26,639
17,452

Accruals and deferred income
99,146
83,222

219,035
251,214


Secured loans
The bank loans are secured.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
81,962

Net obligations under finance leases and hire purchase contracts
-
2,192

-
84,154


The bank loans are secured.

Page 8

 
DINTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
71,914
75,000

Amounts falling due 1-2 years

Bank loans
-
80,809

Amounts falling due 2-5 years

Bank loans
-
1,153


71,914
156,962



10.


Hire purchase and finance leases


2023
2022
£
£


Within one year
2,191
5,500

Between 1-5 years
-
2,191

2,191
7,691


11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
371,514
500,593




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.
Page 9

 
DINTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Deferred taxation




2023
2022


£

£






At beginning of year
(14,138)
(14,138)



At end of year
(14,138)
(14,138)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(14,138)
(14,138)

(14,138)
(14,138)


13.


Accruals and deferred income

2023
2022
£
£

1 to 2 years
-
108

-
108



14.


Reserves

Other reserves

The fair value reserve includes all changes in the fair value of investment property. This reserve is non-distributable.

Profit and loss account

The profit and loss account includes all current and prior year retained profits.




15.


Controlling party

The Company is controlled by the director, Jonathan Bush, by virtue of his shareholding as described in the director's report.

 
Page 10