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REGISTERED NUMBER: 07255753 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2024

for

Dale Developments Limited

Dale Developments Limited (Registered number: 07255753)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dale Developments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D Dale
R Dale
J Dale
T Dale





REGISTERED OFFICE: Thorneloe
14 Stephenson Road
Worcester
Worcestershire
WR1 3JE





REGISTERED NUMBER: 07255753 (England and Wales)

Dale Developments Limited (Registered number: 07255753)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1
Investment property 5 1,700,000 1,700,001
1,700,000 1,700,002

CURRENT ASSETS
Debtors 6 208,269 210,404
Cash at bank 106,760 149,669
315,029 360,073
CREDITORS
Amounts falling due within one year 7 1,179,718 1,282,389
NET CURRENT LIABILITIES (864,689 ) (922,316 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,311

777,686

PROVISIONS FOR LIABILITIES 57,544 57,544
NET ASSETS 777,767 720,142

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 777,667 720,042
777,767 720,142

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 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.

Dale Developments Limited (Registered number: 07255753)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





D Dale - Director


Dale Developments Limited (Registered number: 07255753)

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

1. STATUTORY INFORMATION

Dale 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured as rent charged based on days occupancy by tenant.

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

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Dale Developments Limited (Registered number: 07255753)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 1,175
Disposals (1,175 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 1,174
Eliminated on disposal (1,174 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,700,001
Revaluations (1 )
At 31 March 2024 1,700,000
NET BOOK VALUE
At 31 March 2024 1,700,000
At 31 March 2023 1,700,001

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 230,176
Valuation in 2024 (1 )
Cost 1,469,825
1,700,000

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

2024 2023
£    £   
Cost 1,469,825 1,469,825

Investment property was valued on an open market basis basis on 31 March 2024 by the directors .

Dale Developments Limited (Registered number: 07255753)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,330 1,160
Other debtors 204,936 209,244
Prepayments 1,003 -
208,269 210,404

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 42 754
Tax 15,644 13,025
Social security and other taxes 2,591 2,335
Pension creditor 470 -
Other creditors 731,023 816,023
Directors' current accounts 420,699 440,703
Deposits held 7,449 7,449
Accrued expenses 1,800 2,100
1,179,718 1,282,389