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REGISTERED NUMBER: 13059352 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DEXTER PROPERTY GROUP LIMITED

DEXTER PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13059352)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

DEXTER PROPERTY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A D Dethridge





REGISTERED OFFICE: Unit 55 Vinehall Business Centre
Mountfield
Robertsbridge
East Sussex
TN32 5JW





REGISTERED NUMBER: 13059352 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

DEXTER PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13059352)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 425,000 355,388

CURRENT ASSETS
Debtors 5 41,900 41,824
Cash at bank 2,645 5,352
44,545 47,176
CREDITORS
Amounts falling due within one year 6 144,261 402,750
NET CURRENT LIABILITIES (99,716 ) (355,574 )
TOTAL ASSETS LESS CURRENT LIABILITIES 325,284 (186 )

CREDITORS
Amounts falling due after more than one year 7 280,000 -
NET ASSETS/(LIABILITIES) 45,284 (186 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 45,283 (187 )
45,284 (186 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 18 September 2024 and were signed by:



A D Dethridge - Director


DEXTER PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13059352)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Dexter Property Group 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 as modified by the revaluation of certain assets.

The director has made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents rental income from property held by the company, recognised as it becomes due by the tenants. Rental income is received in advance.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

DEXTER PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13059352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 355,388
Revaluations 69,612
At 31 December 2023 425,000
NET BOOK VALUE
At 31 December 2023 425,000
At 31 December 2022 355,388

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 69,612
Cost 355,388
425,000

The investment properties were valued at 31 December 2023 by the director.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 41,500 40,000
Other debtors 400 -
VAT - 1,824
41,900 41,824

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 265,000
Trade creditors 840 840
Other creditors 94,782 64,620
Directors' current accounts 44,344 69,944
Deferred income 3,095 1,595
Accrued expenses 1,200 751
144,261 402,750

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans more 5 yr by instal 280,000 -

DEXTER PROPERTY GROUP LIMITED (REGISTERED NUMBER: 13059352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 280,000 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 280,000 -

Hbrco Limited hold a charge dated 9 February 2023 over the company's investment property being New Cut Cottage, New Cut, Westfield, Hastings, East Sussex, TN35 4RJ.

9. RELATED PARTY DISCLOSURES

At the year end, the following amounts were included within debtors.

Bellco LX Holdings Ltd - £40,000 (2022: £40,000)

At the year end, the following amounts were included within other creditors.

Dexter Property Group Limited - £94,782 (2022: £64,620)

At the year end, the company owed the director Mr A D Dethridge £44,344 (2022: £69,944).

There are no terms attached to any of these related party loans.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DEXTER PROPERTY GROUP LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dexter Property Group Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Dexter Property Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dexter Property Group Limited and state those matters that we have agreed to state to the director of Dexter Property Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dexter Property Group Limited and its director for our work or for this report.

It is your duty to ensure that Dexter Property Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dexter Property Group Limited. You consider that Dexter Property Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dexter Property Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


18 September 2024