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REGISTERED NUMBER: 08634578 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Dalton & White Properties Ltd

Dalton & White Properties Ltd (Registered number: 08634578)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Dalton & White Properties Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr J W Durbin





REGISTERED OFFICE: Merville Farm
Tockington Lane
Lower Almondsbury
Bristol
BS32 4EB





REGISTERED NUMBER: 08634578 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Dalton & White Properties Ltd (Registered number: 08634578)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,583 7,992
Investment property 5 1,046,464 767,022
1,055,047 775,014

CURRENT ASSETS
Stocks 6 20,731 -
Debtors 7 16,163 -
Investments 8 170,500 -
Cash at bank 527,822 1,079,302
735,216 1,079,302
CREDITORS
Amounts falling due within one year 9 1,112,418 1,187,120
NET CURRENT LIABILITIES (377,202 ) (107,818 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

677,845

667,196

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 677,835 667,186
SHAREHOLDERS' FUNDS 677,845 667,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 26 September 2024 and were signed by:



Mr J W Durbin - Director


Dalton & White Properties Ltd (Registered number: 08634578)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Dalton & White 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 (2023 - NIL).

Dalton & White Properties Ltd (Registered number: 08634578)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 11,748
Additions 2,738
At 31 May 2024 14,486
DEPRECIATION
At 1 June 2023 3,756
Charge for year 2,147
At 31 May 2024 5,903
NET BOOK VALUE
At 31 May 2024 8,583
At 31 May 2023 7,992

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 767,022
Additions 279,442
At 31 May 2024 1,046,464
NET BOOK VALUE
At 31 May 2024 1,046,464
At 31 May 2023 767,022

6. STOCKS
31.5.24 31.5.23
£    £   
Work-in-progress 20,731 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Inter Company loan account 15,000 -
VAT 1,163 -
16,163 -

8. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Investments 170,500 -

Dalton & White Properties Ltd (Registered number: 08634578)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 3,000 3,000
VAT - 26,039
Directors' current accounts 1,109,418 1,158,081
1,112,418 1,187,120

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
10 Ordinary £1 £1 10 10

11. RESERVES
Retained
earnings
£   

At 1 June 2023 667,186
Profit for the year 23,649
Dividends (13,000 )
At 31 May 2024 677,835

12. RELATED PARTY DISCLOSURES

During the year the directors made net withdrawals from their account of £58,663 . The balance on their account at 31 May 2024 was £1,109,418 in credit (2023 - £1,158,081). Mr J W Durbin received a dividend of £13,,000 during the year.

13. ULTIMATE CONTROLLING PARTY

The directors acknowledge that there is no ultimate controlling party as no individual hold a majority of the company's issued voting share capital.