BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company is a property rental company. 25 September 2024 0 0 09696057 2023-12-31 09696057 2022-12-31 09696057 2021-12-31 09696057 2023-01-01 2023-12-31 09696057 2022-01-01 2022-12-31 09696057 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09696057 uk-curr:Euro 2023-01-01 2023-12-31 09696057 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 09696057 uk-core:ShareCapital 2023-12-31 09696057 uk-core:ShareCapital 2022-12-31 09696057 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 09696057 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 09696057 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 09696057 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 09696057 uk-bus:FRS102 2023-01-01 2023-12-31 09696057 uk-core:Buildings 2023-01-01 2023-12-31 09696057 uk-core:WithinOneYear 2023-12-31 09696057 uk-core:WithinOneYear 2022-12-31 09696057 uk-core:WithinOneYear 2023-12-31 09696057 uk-core:WithinOneYear 2022-12-31 09696057 uk-core:AfterOneYear 2023-12-31 09696057 uk-core:AfterOneYear 2022-12-31 09696057 uk-core:AfterOneYear 2023-12-31 09696057 uk-core:AfterOneYear 2022-12-31 09696057 uk-core:BetweenOneTwoYears 2023-12-31 09696057 uk-core:BetweenOneTwoYears 2022-12-31 09696057 uk-core:BetweenTwoFiveYears 2023-12-31 09696057 uk-core:BetweenTwoFiveYears 2022-12-31 09696057 uk-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09696057 uk-bus:OrdinaryShareClass1 2023-12-31 09696057 2023-01-01 2023-12-31 09696057 uk-bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 09696057 uk-bus:Director2 2023-01-01 2023-12-31 09696057 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:EUR iso4217:GBP xbrli:shares
Company Registration Number: 09696057
 
 
Dame 31 Partnership Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023
Dame 31 Partnership Limited
DIRECTORS' REPORT
for the financial year ended 31 December 2023

 
The directors present their report and the unaudited financial statements for the financial year ended 31 December 2023.
 
Principal Activity
The company is a property rental company.
     
Results and Dividends
The profit for the financial year after providing for taxation amounted to €125,136 (2022 - €131,464).
     
Directors
The directors who served during the financial year are as follows:
     
Justin Quinn
Jonathan Quinn
Michael Quinn
   
There were no changes in shareholdings between 31 December 2023 and the date of signing the financial statements.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of directors' Responsibilities and Declaration on Unaudited Financial Statements
     
The directors made the following statement in respect of the unaudited financial statements:
     
"General responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Directors' declaration on unaudited financial statements
In relation to the financial statements comprising the Abridged Profit and Loss Account, the Abridged Balance Sheet and the related notes:
     
The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.
     
The directors confirm that they have made available to Whiteside Cullinan, (Chartered Accountants), all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
     
The directors confirm that to the best of their knowledge and belief, the accounting records reflect all the transactions of the company for the financial year ended 31 December 2023."
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
___________________________
Justin Quinn
Director
     
     
     
___________________________
Jonathan Quinn
Director
     
25 September 2024



Dame 31 Partnership Limited
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 31 December 2023
2023 2022
Notes

Gross profit 200,000 200,000
 
Administrative expenses (66) (51)
───────── ─────────
Operating profit 199,934 199,949
 
Interest payable and similar charges (33,086) (24,663)
───────── ─────────
Profit on ordinary activities before taxation 166,848 175,286
 
Tax on profit on ordinary activities (41,712) (43,822)
───────── ─────────
Profit for the financial year 125,136 131,464
───────── ─────────
Total comprehensive income 125,136 131,464
    ═════════   ═════════



Dame 31 Partnership Limited
Company Registration Number: 09696057
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes
 
Fixed Assets
Tangible assets 4 2,065,514 2,065,514
───────── ─────────
 
Current Assets
Debtors 368,988 349,449
Cash and cash equivalents 12,463 75,507
───────── ─────────
381,451 424,956
───────── ─────────
Creditors: amounts falling due within one year 5 (228,065) (319,507)
───────── ─────────
Net Current Assets 153,386 105,449
───────── ─────────
Total Assets less Current Liabilities 2,218,900 2,170,963
 
Creditors:
amounts falling due after more than one year 6 (1,246,661) (1,323,860)
───────── ─────────
Net Assets 972,239 847,103
═════════ ═════════
 
Capital and Reserves
Called up share capital 7 43 43
Retained earnings 972,196 847,060
───────── ─────────
Shareholders' Funds 972,239 847,103
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 25 September 2024 and signed on its behalf by
           
           
           
________________________________          
Justin Quinn          
Director          
           
           
           
________________________________
Jonathan Quinn
Director
           



Dame 31 Partnership Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Dame 31 Partnership Limited is a company limited by shares incorporated in the United Kingdom. 12 Stoke Abbott Road, Worthing, West Sussex BN11 1HE is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Euro (€) which is also the functional currency of the company.
 
Currency
The financial statements have been presented in Euro (€) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - Not depreciated
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Related parties
For the purposes of these financial statements a party is considered to be related to the company if:
 
- the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;
- the company and the party are subject to common control;
- the party is an associate of the company or forms part of a joint venture with the company;
- the party is a member of key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;
- the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals; or
- the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.
 
Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the company.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
There was no employees during the period under review.
       
4. Tangible assets
  Land and Total
  buildings  
  freehold  
 
Cost
At 1 January 2023 2,065,514 2,065,514
  ───────── ─────────
 
At 31 December 2023 2,065,514 2,065,514
  ───────── ─────────
Depreciation
At 1 January 2023 - -
  ───────── ─────────
At 31 December 2023 - -
  ───────── ─────────
Net book value
At 31 December 2023 2,065,514 2,065,514
  ═════════ ═════════
At 31 December 2022 2,065,514 2,065,514
  ═════════ ═════════
 
No depreciation is provided for on Freehold Properties as the Directors believe that the residual value of the properties remains above their carrying value.  Due to the nature of the business the properties have to be maintained at a high standard and the company has a maintenance programme to ensure the freehold properties retain their value.  The Directors regularly review the property values for impairment.
       
5. Creditors 2023 2022
Amounts falling due within one year
 
Bank loan 107,533 133,886
Amounts owed to connected parties 6,000 6,000
Taxation 42,646 107,735
Directors' current accounts 70,000 70,000
Accruals 1,886 1,886
  ───────── ─────────
  228,065 319,507
  ═════════ ═════════
       
6. Creditors 2023 2022
Amounts falling due after more than one year
 
Bank loan 303,086 380,285
Directors' loan accounts 943,575 943,575
  ───────── ─────────
  1,246,661 1,323,860
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand 107,533 133,886
Repayable between one and two years 133,886 133,886
Repayable between two and five years 169,200 246,399
  ───────── ─────────
  410,619 514,171
  ═════════ ═════════
 
           
7. Share capital     2023 2022
     
Description Number of shares Value of units    
 
Allotted, called up and fully paid
Ordinary Shares 30 £1.4333 each 43 43
 
      ═════════ ═════════
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2023.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.