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REGISTERED NUMBER: 00980156 (England and Wales)















DORLEN PROPERTIES (EPSOM) LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






DORLEN PROPERTIES (EPSOM) LIMITED (REGISTERED NUMBER: 00980156)






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


DORLEN PROPERTIES (EPSOM) LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: A J Froud
Mrs J Walsh
Mrs S A Nicholson





REGISTERED OFFICE: Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ





REGISTERED NUMBER: 00980156 (England and Wales)





ACCOUNTANTS: Xeinadin London Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

DORLEN PROPERTIES (EPSOM) LIMITED (REGISTERED NUMBER: 00980156)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 114,978 117,277
Investment property 6 865,000 865,000
979,978 982,277

CURRENT ASSETS
Debtors 7 - 537
Cash at bank 90,855 108,055
90,855 108,592
CREDITORS
Amounts falling due within one year 8 3,223 13,907
NET CURRENT ASSETS 87,632 94,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,610

1,076,962

PROVISIONS FOR LIABILITIES 215,791 166,992
NET ASSETS 851,819 909,970

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 9 5,000 5,000
Fair value reserve 9 737,725 737,725
Retained earnings 9 99,094 157,245
SHAREHOLDERS' FUNDS 851,819 909,970

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.

DORLEN PROPERTIES (EPSOM) LIMITED (REGISTERED NUMBER: 00980156)

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 6 November 2024 and were signed on its behalf by:





Mrs S A Nicholson - Director


DORLEN PROPERTIES (EPSOM) LIMITED (REGISTERED NUMBER: 00980156)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Dorlen Properties (Epsom) 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. 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 comprises rent and service charges receivable.

INVESTMENT PROPERTY
Investment properties are stated at market value with changes in market value being recognised in profit or loss.

No depreciation is provided in respect of investment properties. This treatment is a departure from the requirements of Companies Act 2006 which requires all properties to be depreciated. However, directors consider that these properties are not held for consumption but for investment and that to depreciate them would not give a true and fair view. The amount of depreciation which might otherwise have been charged cannot be separately identified or quantified as it is not practical to assess the estimated useful lives for investment properties.

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.

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.

DORLEN PROPERTIES (EPSOM) LIMITED (REGISTERED NUMBER: 00980156)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 117,277
Additions 15,655
Disposals (35,858 )
Revaluations 17,904
At 31 March 2024 114,978
NET BOOK VALUE
At 31 March 2024 114,978
At 31 March 2023 117,277

Fixed asset investments consist of listed shares and funds. These investments are stated at market value at year end. If the investments were not revalued they would have been included at a cost of £73,802.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 865,000
NET BOOK VALUE
At 31 March 2024 865,000
At 31 March 2023 865,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 190,000
Valuation in 2018 25,000
Valuation in 2015 30,000
Valuation in 2010 120,000
Valuation in 2005 100,000
Valuation in 2001 50,000
Valuation in 1997 295,095
Cost 54,905
865,000

The freehold property was valued at year end by the directors on an informal basis. The historical cost of the investment property is £54,905..

DORLEN PROPERTIES (EPSOM) LIMITED (REGISTERED NUMBER: 00980156)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 537

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 510 8,693
Other creditors 2,713 5,214
3,223 13,907

9. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 April 2023 157,245 5,000 737,725 899,970
Deficit for the year (28,151 ) (28,151 )
Dividends (30,000 ) (30,000 )
At 31 March 2024 99,094 5,000 737,725 841,819