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REGISTERED NUMBER: 13595482 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Duneside Properties Ltd

Duneside Properties Ltd (Registered number: 13595482)






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


Duneside Properties Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr O Jackson
Mrs S Jackson





REGISTERED OFFICE: Tideswell Church Road
Colmworth
Bedford
MK44 2JX





REGISTERED NUMBER: 13595482 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Duneside Properties Ltd (Registered number: 13595482)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 365,000 307,656

CURRENT ASSETS
Debtors 5 399 1,418
Cash at bank 20,549 11,195
20,948 12,613
CREDITORS
Amounts falling due within one year 6 313,541 312,739
NET CURRENT LIABILITIES (292,593 ) (300,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,407

7,530

PROVISIONS FOR LIABILITIES 14,336 -
NET ASSETS 58,071 7,530

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 43,008 -
Retained earnings 14,963 7,430
58,071 7,530

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 directors acknowledge their 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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:



Mr O Jackson - Director


Duneside Properties Ltd (Registered number: 13595482)

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

1. STATUTORY INFORMATION

Duneside Properties Ltd 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.

Turnover
Turnover represents rents receivable on investment properties for the period these accounts are reported on.

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.

3. EMPLOYEES AND DIRECTORS

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

Duneside Properties Ltd (Registered number: 13595482)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 307,656
Revaluations 57,344
At 31 December 2023 365,000
NET BOOK VALUE
At 31 December 2023 365,000
At 31 December 2022 307,656


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 98 1,150
Other debtors 301 268
399 1,418

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,768 1,743
Other creditors 311,773 310,996
313,541 312,739

7. RESERVES
Fair
value
reserve
£   
Transfer 43,008

At 31 December 2023 43,008