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Company No: 13889061 (England and Wales)

DOCKHEAD WHARF LTD

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

DOCKHEAD WHARF LTD

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

DOCKHEAD WHARF LTD

STATEMENT OF FINANCIAL POSITION

As at 29 February 2024
DOCKHEAD WHARF LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 604,315 0
604,315 0
Current assets
Debtors 4 2,401 0
Cash at bank and in hand 1,378 1
3,779 1
Creditors: amounts falling due within one year 5 ( 287,199) 0
Net current (liabilities)/assets (283,420) 1
Total assets less current liabilities 320,895 1
Creditors: amounts falling due after more than one year 6 ( 314,745) 0
Net assets 6,150 1
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 6,149 0
Total shareholder's funds 6,150 1

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dockhead Wharf Ltd (registered number: 13889061) were approved and authorised for issue by the Board of Directors on 22 November 2024. They were signed on its behalf by:

R Marcelin-Horne
Director
DOCKHEAD WHARF LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
DOCKHEAD WHARF LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dockhead Wharf Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 36 Maltby Street, London, SE1 3PA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Rental income from investment property leased out under operating leases is recognised in the profit and loss on a straight line basis over the term of the lease. Any incentives to enter into rental agreements are spread evenly over the rental term. The rental period is the non-cancellable period of the rental agreement, together with any further term for which the the tenant has the option to continue the rental agreement, when at the inception of the rental agreement it is reasonably certain that the tenant will exercise this option.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 March 2023 0
Additions 604,315
As at 29 February 2024 604,315

Valuation

The directors have considered the valuation of the above investment property is not materially different from the cost as at 29 February 2024.

4. Debtors

2024 2023
£ £
Amounts owed by associates 2,400 0
Other debtors 1 0
2,401 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to associates 284,257 0
Accruals 1,500 0
Taxation and social security 1,442 0
287,199 0

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 314,745 0

Bank loans comprise of a mortgage which is secured against the investment property to which it relates.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (secured) 314,745 0

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
Allotted, called-up and not yet paid
1 Ordinary share of £ 1.00 1 1

8. Related party transactions

Other related party transactions

2024 2023
£ £
Amounts owed to companies under common control 153,623 0