IRIS Accounts Production v24.1.9.2 09936848 director 1.2.23 31.1.24 31.1.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099368482023-01-31099368482024-01-31099368482023-02-012024-01-31099368482022-01-31099368482022-02-012023-01-31099368482023-01-3109936848ns15:EnglandWales2023-02-012024-01-3109936848ns14:PoundSterling2023-02-012024-01-3109936848ns10:Director12023-02-012024-01-3109936848ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3109936848ns10:SmallEntities2023-02-012024-01-3109936848ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3109936848ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109936848ns10:FullAccounts2023-02-012024-01-3109936848ns10:OrdinaryShareClass12023-02-012024-01-3109936848ns10:RegisteredOffice2023-02-012024-01-3109936848ns5:CurrentFinancialInstruments2024-01-3109936848ns5:CurrentFinancialInstruments2023-01-3109936848ns5:Non-currentFinancialInstruments2024-01-3109936848ns5:Non-currentFinancialInstruments2023-01-3109936848ns5:ShareCapital2024-01-3109936848ns5:ShareCapital2023-01-3109936848ns5:FurtherSpecificReserve3ComponentTotalEquity2024-01-3109936848ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3109936848ns5:RetainedEarningsAccumulatedLosses2024-01-3109936848ns5:RetainedEarningsAccumulatedLosses2023-01-3109936848ns5:FurnitureFittings2023-02-012024-01-3109936848ns5:FurnitureFittings2023-01-3109936848ns5:FurnitureFittings2024-01-3109936848ns5:FurnitureFittings2023-01-3109936848ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3109936848ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3109936848ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3109936848ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3109936848ns5:Non-currentFinancialInstruments2023-02-012024-01-3109936848ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3109936848ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3109936848ns5:Secured2024-01-3109936848ns5:Secured2023-01-3109936848ns10:OrdinaryShareClass12024-01-3109936848ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 09936848 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DALESCOPE LIMITED

DALESCOPE LIMITED (REGISTERED NUMBER: 09936848)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DALESCOPE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: S Grosskopf





REGISTERED OFFICE: Data House
43-45 Stamford Hill
London
N16 5SX





REGISTERED NUMBER: 09936848 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

DALESCOPE LIMITED (REGISTERED NUMBER: 09936848)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,735 2,041
Investment property 6 1,935,648 1,879,743
1,937,383 1,881,784

CURRENT ASSETS
Debtors 7 102,000 62,000
Cash at bank 52,600 14,955
154,600 76,955
CREDITORS
Amounts falling due within one year 8 (474,736 ) (495,265 )
NET CURRENT LIABILITIES (320,136 ) (418,310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,617,247

1,463,474

CREDITORS
Amounts falling due after more than one
year

9

(1,535,509

)

(1,389,541

)
NET ASSETS 81,738 73,933

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 71,930 71,930
Retained earnings 13 9,708 1,903
SHAREHOLDERS' FUNDS 81,738 73,933

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

DALESCOPE LIMITED (REGISTERED NUMBER: 09936848)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved and authorized for issue by the director and authorised for issue on 8 October 2024 and were signed by:





S Grosskopf - Director


DALESCOPE LIMITED (REGISTERED NUMBER: 09936848)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Dalescope 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

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 - 15% on reducing balance

Investment property
Investment properties are properties held to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition:
a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

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 statement of financial position date.


DALESCOPE LIMITED (REGISTERED NUMBER: 09936848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 5,852
DEPRECIATION
At 1 February 2023 3,811
Charge for year 306
At 31 January 2024 4,117
NET BOOK VALUE
At 31 January 2024 1,735
At 31 January 2023 2,041

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,879,743
Additions 55,905
At 31 January 2024 1,935,648
NET BOOK VALUE
At 31 January 2024 1,935,648
At 31 January 2023 1,879,743

The fair value of Investment property is based on internal fair value assessment by the director. The director has determined the fair value using his knowledge of the local market, industrial trend and wider economic condition as a whole.

DALESCOPE LIMITED (REGISTERED NUMBER: 09936848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2018 71,930
Cost 1,863,718
1,935,648

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 102,000 62,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 474,736 495,265

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 10) 1,510,733 1,354,818
Other creditors 24,776 34,723
1,535,509 1,389,541

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,510,733 1,354,818

Repayable by instalments
Other loans more 5yrs instal - 34,723

Other creditor includes Bounceback loan of £24,776 [2023 - £34,723]. The loan is unsecured with fixed interest rate of 2.5% payable over 5 years time and guaranteed by HM Government.

10. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 24,776 -

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,510,733 1,354,818

DALESCOPE LIMITED (REGISTERED NUMBER: 09936848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

10. LOANS - continued
31.1.24 31.1.23
£    £   
Repayable by instalments
Other loans more 5yrs instal - 34,723

11. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 1,510,733 1,354,818

The bank loans and overdrafts are secured by a first charge over the company's properties and a floating charge over the assets of the company, and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary 1 100 100

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2023 1,903 71,930 73,833
Profit for the year 7,805 7,805
At 31 January 2024 9,708 71,930 81,638