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REGISTERED NUMBER: 00514940 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

JOHN DOWTY LIMITED

JOHN DOWTY LIMITED (REGISTERED NUMBER: 00514940)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


JOHN DOWTY LIMITED (REGISTERED NUMBER: 00514940)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,967,659 1,700,404
Investments 5 337 337
Investment property 6 1,280,160 1,480,160
3,248,156 3,180,901

CURRENT ASSETS
Stocks 60,063 64,616
Debtors 7 30,188 113,598
Cash at bank and in hand 42,605 1,651
132,856 179,865
CREDITORS
Amounts falling due within one year 8 452,000 576,708
NET CURRENT LIABILITIES (319,144 ) (396,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,929,012

2,784,058

CREDITORS
Amounts falling due after more than
one year

9

(510,601

)

(583,615

)

PROVISIONS FOR LIABILITIES (90,899 ) (32,461 )
NET ASSETS 2,327,512 2,167,982

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Non distributable reserves 1,049,770 1,248,770
Retained earnings 1,274,742 916,212
SHAREHOLDERS' FUNDS 2,327,512 2,167,982

JOHN DOWTY LIMITED (REGISTERED NUMBER: 00514940)

BALANCE SHEET - continued
31 JANUARY 2024


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 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 22 October 2024 and were signed on its behalf by:




N J Dowty - Director



R H Dowty - Director


JOHN DOWTY LIMITED (REGISTERED NUMBER: 00514940)

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


1. STATUTORY INFORMATION

John Dowty Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00514940

Registered office: Ombersley Golf Club
Bishops Wood Road
Ombersley
Droitwich
Worcestershire
WR9 0LE

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.
Freehold property - 1% on cost
Plant and machinery - 20% on cost
Fixtures, fittings & equipment - 20% on cost
Motor vehicles - 25% on reducing balance

Freehold land is not depreciated.

Investment property
Investment property value is considered at each financial period end and shown at its fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

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.

JOHN DOWTY LIMITED (REGISTERED NUMBER: 00514940)

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


2. ACCOUNTING POLICIES - continued

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.

Judgments in applying accounting policies
There are no material estimates or judgements used in the preparation of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold Plant and fittings Motor
property machinery & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 1,572,256 704,770 762,216 29,077 3,068,319
Additions 132,082 163,384 43,895 - 339,361
Disposals - (16,481 ) - - (16,481 )
At 31 January 2024 1,704,338 851,673 806,111 29,077 3,391,199
DEPRECIATION
At 1 February 2023 - 642,444 696,553 28,918 1,367,915
Charge for year - 44,466 25,972 40 70,478
Eliminated on disposal - (14,853 ) - - (14,853 )
At 31 January 2024 - 672,057 722,525 28,958 1,423,540
NET BOOK VALUE
At 31 January 2024 1,704,338 179,616 83,586 119 1,967,659
At 31 January 2023 1,572,256 62,326 65,663 159 1,700,404

The net book value of assets held under hire purchase contracts, included within plant and machinery, as at the balance sheet date amounts to £111,611 (2023: £17,672).

JOHN DOWTY LIMITED (REGISTERED NUMBER: 00514940)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 337
NET BOOK VALUE
At 31 January 2024 337
At 31 January 2023 337

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,480,160
Disposals (200,000 )
At 31 January 2024 1,280,160
NET BOOK VALUE
At 31 January 2024 1,280,160
At 31 January 2023 1,480,160

If investment properties had not been revalued they would have been included at a historical cost of £387,601 (2023: £397,601). Investment property was valued on an open market basis on 31 January 2024 by the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,138 12,003
Other debtors 21,050 101,595
30,188 113,598

JOHN DOWTY LIMITED (REGISTERED NUMBER: 00514940)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts
(Secured) 232,000 393,880
Hire purchase contracts (see note 10)
23,441

8,395
Trade creditors 57,132 56,298
Taxation and social security 61,349 53,651
Other creditors 78,078 64,484
452,000 576,708

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 323,138 355,126
Hire purchase contracts (see note 10)
91,463

17,489
Other creditors 96,000 211,000
510,601 583,615

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 23,441 8,395
Between one and five years 91,463 17,489
114,904 25,884

Non-cancellable operating leases
2024 2023
£    £   
Within one year 32,544 32,544
Between one and five years 5,424 37,968
37,968 70,512

JOHN DOWTY LIMITED (REGISTERED NUMBER: 00514940)

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


11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts - 161,880
Bank loans 555,138 587,126
555,138 749,006

Loans are secured by a fixed and floating charge over the company's assets.

12. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Included in accruals are pension amounts unpaid of £924 (2023: £762).