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REGISTERED NUMBER: 11198185 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

DODDS RENTALS LIMITED

DODDS RENTALS LIMITED (REGISTERED NUMBER: 11198185)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DODDS RENTALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: Mrs A J Dodds
N Dodds





REGISTERED OFFICE: Gabel Office
Westmill Lane
Ickleford
Hitchin
Hertfordshire
SG5 3RN





REGISTERED NUMBER: 11198185 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

DODDS RENTALS LIMITED (REGISTERED NUMBER: 11198185)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 1,275,000 1,275,000
1,275,100 1,275,100

CURRENT ASSETS
Debtors 6 60,912 102
Cash at bank 17,135 192,865
78,047 192,967
CREDITORS
Amounts falling due within one year 7 6,920 253,487
NET CURRENT ASSETS/(LIABILITIES) 71,127 (60,520 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,346,227

1,214,580

PROVISIONS FOR LIABILITIES 62,716 62,716
NET ASSETS 1,283,511 1,151,864

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 1,283,409 1,151,762
SHAREHOLDERS' FUNDS 1,283,511 1,151,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

DODDS RENTALS LIMITED (REGISTERED NUMBER: 11198185)

BALANCE SHEET - continued
29TH FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th November 2024 and were signed on its behalf by:





N Dodds - Director


DODDS RENTALS LIMITED (REGISTERED NUMBER: 11198185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Dodds Rentals 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. ACCOUNTING POLICIES

Accounting convention
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.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 28 February 2024 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services once completed.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DODDS RENTALS LIMITED (REGISTERED NUMBER: 11198185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st March 2023
and 29th February 2024 100
NET BOOK VALUE
At 29th February 2024 100
At 28th February 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023
and 29th February 2024 1,275,000
NET BOOK VALUE
At 29th February 2024 1,275,000
At 28th February 2023 1,275,000

Fair value at 29th February 2024 is represented by:
£   
Valuation in 2021 330,085
Cost 944,915
1,275,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 944,915 944,915

The investment properties were valued on an open market basis on 28th February 2021 by the directors of the company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 102 102
Directors' current accounts 60,810 -
60,912 102

DODDS RENTALS LIMITED (REGISTERED NUMBER: 11198185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 140,285
Tax 5,400 -
Other creditors 320 20,436
Directors' current accounts - 91,013
Accrued expenses 1,200 1,753
6,920 253,487

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29th February 2024 and 28th February 2023:

2024 2023
£    £   
N Dodds
Balance outstanding at start of year - -
Amounts advanced 60,810 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,810 -

The loan was repaid within 9 months of the year end. No interest was charged on this loan during the period.

9. RELATED PARTY DISCLOSURES

A dividend of £175,000 (2023: £350,000) was received during the period, from Dodds Plumbing, Heating & Gas Limited a 100% owned subsidiary of the company.