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REGISTERED NUMBER: 03965157 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2023 to 31 March 2024

for

Dobson Assets Limited

Dobson Assets Limited (Registered number: 03965157)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dobson Assets Limited

Company Information
for the Period 1 May 2023 to 31 March 2024







DIRECTORS: I G Dobson
Mrs W A Dobson





SECRETARY: Mrs W A Dobson





REGISTERED OFFICE: Old Hagg Farm
Doddington
Lincoln
LN6 4RY





REGISTERED NUMBER: 03965157 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Dobson Assets Limited (Registered number: 03965157)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,741 7,030
Investment property 5 350,000 350,000
355,741 357,030

CURRENT ASSETS
Debtors 6 448,043 428,381
Cash at bank and in hand 31,414 55,582
479,457 483,963
CREDITORS
Amounts falling due within one year 7 570,606 621,217
NET CURRENT LIABILITIES (91,149 ) (137,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,592

219,776

PROVISIONS FOR LIABILITIES 35,068 35,085
NET ASSETS 229,524 184,691

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 105,000 105,000
Retained earnings 124,522 79,689
SHAREHOLDERS' FUNDS 229,524 184,691

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

Dobson Assets Limited (Registered number: 03965157)

Balance Sheet - continued
31 March 2024


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 28 August 2024 and were signed on its behalf by:




I G Dobson - Director



Mrs W A Dobson - Director


Dobson Assets Limited (Registered number: 03965157)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 March 2024

1. STATUTORY INFORMATION

Dobson Assets 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 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.

Taxation
Taxation for the period 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 period 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 period was 2 (2023 - 2 ) .

Dobson Assets Limited (Registered number: 03965157)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 May 2023
and 31 March 2024 13,054 1,800 14,854
DEPRECIATION
At 1 May 2023 6,371 1,453 7,824
Charge for period 1,225 64 1,289
At 31 March 2024 7,596 1,517 9,113
NET BOOK VALUE
At 31 March 2024 5,458 283 5,741
At 30 April 2023 6,683 347 7,030

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 31 March 2024 350,000
NET BOOK VALUE
At 31 March 2024 350,000
At 30 April 2023 350,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 39,000
Valuation in 2021 40,000
Valuation in 2022 10,500
Valuation in 2023 50,500
Cost 210,000
350,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 210,000 210,000

Investment property was valued on an open market basis on 31 March 2024 by Mr I G Dobson, the director .

Dobson Assets Limited (Registered number: 03965157)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 447,424 427,984
Prepayments 619 397
448,043 428,381

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 102
Tax 11,926 10,556
Other creditors 31,400 -
Directors' loan accounts 522,751 607,749
Accrued expenses 4,529 2,810
570,606 621,217

8. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 31 March 2024 105,000

9. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with common directors and under common control amounted to £447,424 (2023: £427,984).