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Registered number: 04964330
Dolon (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04964330
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,446 1,618
Investment Properties 5 611,383 611,383
Investments 6 13,849 12,239
626,678 625,240
CURRENT ASSETS
Debtors 7 24,992 23,077
Cash at bank and in hand 6,760 6,000
31,752 29,077
Creditors: Amounts Falling Due Within One Year 8 (131,572 ) (131,020 )
NET CURRENT ASSETS (LIABILITIES) (99,820 ) (101,943 )
TOTAL ASSETS LESS CURRENT LIABILITIES 526,858 523,297
Creditors: Amounts Falling Due After More Than One Year 9 (476,756 ) (476,030 )
NET ASSETS 50,102 47,267
CAPITAL AND RESERVES
Called up share capital 11 4,000 4,000
Profit and Loss Account 46,102 43,267
SHAREHOLDERS' FUNDS 50,102 47,267
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Ogoe
Director
05/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dolon (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04964330 . The registered office is National Business Register Group Ltd Dolon Uk Ltd , Ground Floor 3 Sovereign Court, Graham Street,, Birmingham, B1 3JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rental income received.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
2.4. Investment Properties
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value
are included in the profit and loss account.
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 3,074
Additions 189
As at 31 March 2024 3,263
Depreciation
As at 1 April 2023 1,456
Provided during the period 361
As at 31 March 2024 1,817
Net Book Value
As at 31 March 2024 1,446
As at 1 April 2023 1,618
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 611,383
The investment properties are stated at their open market value, being market value determined by the directors.
6. Investments
Listed
£
Cost
As at 1 April 2023 12,239
Additions 1,610
As at 31 March 2024 13,849
Provision
As at 1 April 2023 -
As at 31 March 2024 -
...CONTINUED
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Net Book Value
As at 31 March 2024 13,849
As at 1 April 2023 12,239
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,267 352
Deposite protection 1,725 1,725
Amounts owed by associates 21,000 21,000
24,992 23,077
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 15,508 15,117
Corporation tax 705 469
Accruals and deferred income 901 976
Directors' loan accounts 114,458 114,458
131,572 131,020
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 476,756 476,030
10. Secured Creditors
The company has allowed a legal mortgage and fixed charge over the company's assets, including the investment properties with a carrying amount of £491,873 as security for the mortgage loans. 
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,000 4,000
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 4,000
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