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REGISTERED NUMBER: 07231274













Financial Statements

for the Year Ended 31 December 2023

for

Dibbin Estates & Equipment Limited

Dibbin Estates & Equipment Limited (Registered number: 07231274)






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


Dibbin Estates & Equipment Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: AS Field
T Nash
S Sachowitz





REGISTERED OFFICE: c/o International ProcessPlants (Europe)
Postal Pages
The Grange Business Centre
Belasis Avenue
Billingham
TS23 1LG





REGISTERED NUMBER: 07231274





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Dibbin Estates & Equipment Limited (Registered number: 07231274)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 1,732,383 2,024,390
Debtors 5 162,073 152,073
Cash at bank 142,817 231,888
2,037,273 2,408,351
CREDITORS
Amounts falling due within one year 6 170,809 158,566
NET CURRENT ASSETS 1,866,464 2,249,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,866,464

2,249,785

PROVISIONS FOR LIABILITIES 20,000 20,000
NET ASSETS 1,846,464 2,229,785

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 1,846,463 2,229,784
SHAREHOLDERS' FUNDS 1,846,464 2,229,785

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





AS Field - Director


Dibbin Estates & Equipment Limited (Registered number: 07231274)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Dibbin Estates & Equipment 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Significant judgements and estimates
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover represents the sale of land, plant and equipment excluding value added tax.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Dibbin Estates & Equipment Limited (Registered number: 07231274)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. STOCKS
2023 2022
£    £   
Plant and equipment 721,787 1,013,794
Land for resale 1,010,596 1,010,596
1,732,383 2,024,390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 98,444 98,444
Prepayments 63,629 53,629
162,073 152,073

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 1,121 36
Other creditors 50,956 31,930
Amounts due to related parties 114,232 122,100
Accrued expenses 4,500 4,500
170,809 158,566

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Dewing FCCA, ACA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

Dibbin Estates & Equipment Limited (Registered number: 07231274)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RELATED PARTY DISCLOSURES

During the year the company undertook transactions with various related parties, and/or provided or received funds to assist or to be assisted with working capital requirements as detailed below:

Group companies
2023 2022
£    £   

Management charges incurred by Dibbin Estates & Equipment Limited 84,743 77,839

Sales made by Dibbin Estates & Equipment Limited to group companies - 83,469

Total amount owed to Dibbin Estates & Equipment Limited at the year end 98,444 98,444

Other related parties - common control
2023 2022
£    £   

Management charges incurred by Dibbin Estates & Equipment Limited 25,000 40,700

Sales made by Dibbin Estates & Equipment Limited to related companies 27,390 -

Total amount owed by Dibbin Estates & Equipment Limited at the year end 114,232 122,100

Included in Other Creditors is an amount of £50,957 (2022: £31,930) due to a related party individual. No interest has been charged on this balance.

10. ULTIMATE HOLDING COMPANY

The ultimate holding company is Newfuturevest II LLC and is incorporated in United States of America. It's registered office is 17A Marlen Drive, Trenton, New Jersey, 08691, United States of America.