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Registered number: 02207624
Dorchester Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02207624
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 252 2,354
Tangible Assets 5 41,630 52,623
41,882 54,977
CURRENT ASSETS
Debtors 6 921,832 931,946
Cash at bank and in hand 23,623 41,200
945,455 973,146
Creditors: Amounts Falling Due Within One Year 7 (42,080 ) (31,449 )
NET CURRENT ASSETS (LIABILITIES) 903,375 941,697
TOTAL ASSETS LESS CURRENT LIABILITIES 945,257 996,674
Creditors: Amounts Falling Due After More Than One Year 8 (30,545 ) (41,566 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (9,279 )
NET ASSETS 914,712 945,829
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 914,612 945,729
SHAREHOLDERS' FUNDS 914,712 945,829
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Cundiff
Director
11 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dorchester Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02207624 . The registered office is 15a School Street Trading Estate, Hazel Grove, Stockport, Cheshire, SK7 4RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful life of that asset as follows:

Website costs - 5 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or
residual value of an intangible asset, the amortisation is revised prospectively to reflect the new
estimates.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 3 Year Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Page 3
Page 4
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 13,086
As at 31 March 2024 13,086
Amortisation
As at 1 April 2023 10,732
Provided during the period 2,102
As at 31 March 2024 12,834
Net Book Value
As at 31 March 2024 252
As at 1 April 2023 2,354
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 33,075 76,072 - 109,147
Additions - - 2,500 2,500
As at 31 March 2024 33,075 76,072 2,500 111,647
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 32,867 23,657 - 56,524
Provided during the period 208 13,104 181 13,493
As at 31 March 2024 33,075 36,761 181 70,017
Net Book Value
As at 31 March 2024 - 39,311 2,319 41,630
As at 1 April 2023 208 52,415 - 52,623
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,903 8,926
Amounts owed by group undertakings 910,976 903,350
Other debtors 2,953 19,670
921,832 931,946
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,792 11,792
Trade creditors 9,247 10,309
Bank loans and overdrafts - 424
Other creditors 12,283 3,696
Taxation and social security 8,758 5,228
42,080 31,449
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,545 41,566
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,792 11,792
Later than one year and not later than five years 30,545 41,566
42,337 53,358
42,337 53,358
Page 5