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REGISTERED NUMBER: 10143767 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

DG POOLE PROPERTY LIMITED

DG POOLE PROPERTY LIMITED (REGISTERED NUMBER: 10143767)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DG POOLE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr G S Carr
Mr M D Broad
Mr J T Brown
Mrs D Y Bull
Ms E Menzies
Ms G Peters
Mr P D Sams
Mr A C Witt





REGISTERED OFFICE: Concept House, 6 Stoneycroft Rise
Chandler's Ford
Eastleigh
SO53 3LD





REGISTERED NUMBER: 10143767 (England and Wales)






DG POOLE PROPERTY LIMITED (REGISTERED NUMBER: 10143767)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 298,703 298,703

CURRENT ASSETS
Cash at bank and in hand 3,948 15,354

CREDITORS
Amounts falling due within one year 6 80,308 77,415
NET CURRENT LIABILITIES (76,360 ) (62,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,343

236,642

CREDITORS
Amounts falling due after more than one
year

7

166,492

189,024
NET ASSETS 55,851 47,618

CAPITAL AND RESERVES
Called up share capital 8 12 12
Retained earnings 55,839 47,606
SHAREHOLDERS' FUNDS 55,851 47,618

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

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

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 22nd October 2024 and were signed on its behalf by:





Mr G S Carr - Director


DG POOLE PROPERTY LIMITED (REGISTERED NUMBER: 10143767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

DG Poole Property 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 company has listed its investment property for sale with the intention of discontinuing its trading activities upon a successful sale. As of the date of signing the accounts, the property is still actively marketed. The directors have prepared the accounts under the assumption that this specific entity is no longer considered a going concern. It's important to note that no adjustments have been incorporated as a result of this assessment.

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.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

DG POOLE PROPERTY LIMITED (REGISTERED NUMBER: 10143767)

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


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 298,703
NET BOOK VALUE
At 31st March 2024 298,703
At 31st March 2023 298,703

The fair value of the property has been determined on the basis that the directors do not consider the value of the property to have changed since its acquisition, as such the property has been included at its original cost including fees related to the original purchase.

Included with the value of the asset are finance costs totalling £3,848 in relation to the mortgage taken out to finance the purchase.

There has been no valuation of investment property by an independent valuer.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,532 21,707
Taxation and social security 5,012 8,413
Other creditors 52,764 47,295
80,308 77,415

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 166,492 189,024

The bank loans are secured with a fixed and floating charge and negative pledge against all the property and undertakings of the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1
11 Ordinary B £1 11 11
12 12