Registered number
13981965
DUNTON WHARF PROPERTIES LIMITED
Filleted Accounts
31 March 2024
DUNTON WHARF PROPERTIES LIMITED
Registered number: 13981965
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,196,881 2,196,881
Current assets
Debtors 4 108,333 108,333
Cash at bank and in hand 246,227 300
354,560 108,633
Creditors: amounts falling due within one year 5 (2,410,124) (2,253,151)
Net current liabilities (2,055,564) (2,144,518)
Net assets 141,317 52,363
Capital and reserves
Called up share capital 300 300
Profit and loss account 141,017 52,063
Shareholders' funds 141,317 52,363
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Martin Flannery
Director
Approved by the board on 16 September 2024
DUNTON WHARF PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of properties.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Not depreciated
Investment property
Investment property is initially recognised at cost and the subsequently measured at fair value.
Changes in value are recognised in profit and loss.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 2,196,881
At 31 March 2024 2,196,881
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 2,196,881
At 31 March 2023 2,196,881
4 Debtors 2024 2023
£ £
Trade debtors 108,333 108,333
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 182,452 -
Amounts owed to related companies 2,197,001 2,239,951
Taxation and social security costs 29,651 12,240
Other creditors 1,020 960
2,410,124 2,253,151
6 Related party transactions
Mr Martin Flannery, Mr Patrick Flannery and Mr Paul Flannery are the directors of P. Flannery
Plant Hire (Oval) Limited. As at the balance sheet date, the amount owed to P. Flannery Plant
Hire (Oval) Limited was £2,197,001. There are no fixed terms for repayment.
7 Other information
DUNTON WHARF PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
27a Maxwell Road
Northwood
Middlesex
HA6 2XY
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