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REGISTERED NUMBER: 02197107 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DUNSMERE DEVELOPMENTS LIMITED

DUNSMERE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02197107)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUNSMERE DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 MARCH 2024







DIRECTOR: A.J. Dale



SECRETARY: L. Dale



REGISTERED OFFICE: Tangley Farmhouse
Tangley
Andover
HANTS SP11 0RZ



REGISTERED NUMBER: 02197107 (England and Wales)



ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG



SOLICITORS: Mills & Bann
Solicitors
8 Cheap Street
Newbury
Berks
RG14 5DD

DUNSMERE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02197107)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 2,485,000 2,900,000
Debtors 4 618,629 3,225,291
Investments 5 639 639
Cash at bank 1,139,015 466,042
4,243,283 6,591,972
CREDITORS
Amounts falling due within one year 6 895,605 3,625,380
NET CURRENT ASSETS 3,347,678 2,966,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,347,678

2,966,592

CREDITORS
Amounts falling due after more than one
year

7

2,821,403

2,458,857
NET ASSETS 526,275 507,735

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Retained earnings 9 521,275 502,735
SHAREHOLDERS' FUNDS 526,275 507,735

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 October 2024 and were signed by:



A.J. Dale - Director


DUNSMERE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02197107)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Dunsmere Developments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,656 3,656
Other debtors 614,973 3,221,635
618,629 3,225,291

DUNSMERE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02197107)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

5. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Listed investments 639 639

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 250,000 (9,443 )
Taxation and social security 5,529 6,797
Other creditors 640,076 3,628,026
895,605 3,625,380

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 2,821,403 2,458,857

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
5,000 Ordinary £1 5,000 5,000

9. RESERVES
Retained
earnings
£   

At 1 April 2023 502,735
Profit for the year 18,540
At 31 March 2024 521,275

10. INTEREST PAYABLE

The company has a contingent liability for interest payable on loans made to the company by its director. The director has provided support to the company on favourable commercial terms and the company has a commitment to pay interest on these borrowings, contingent on its ability to pay year by year.