3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-06 Sage Accounts Production Advanced 2023 - FRS102_2023 87,415 925 1,749 90,089 90,089 87,415 xbrli:pure xbrli:shares iso4217:GBP 00808599 2023-04-06 2024-04-05 00808599 2024-04-05 00808599 2023-04-05 00808599 2022-04-06 2023-04-05 00808599 2023-04-05 00808599 2022-04-05 00808599 core:PlantMachinery 2023-04-06 2024-04-05 00808599 core:FurnitureFittings 2023-04-06 2024-04-05 00808599 bus:Director2 2023-04-06 2024-04-05 00808599 core:LandBuildings 2023-04-05 00808599 core:PlantMachinery 2023-04-05 00808599 core:FurnitureFittings 2023-04-05 00808599 core:LandBuildings 2024-04-05 00808599 core:PlantMachinery 2024-04-05 00808599 core:FurnitureFittings 2024-04-05 00808599 core:WithinOneYear 2024-04-05 00808599 core:WithinOneYear 2023-04-05 00808599 core:ShareCapital 2024-04-05 00808599 core:ShareCapital 2023-04-05 00808599 core:SharePremium 2024-04-05 00808599 core:SharePremium 2023-04-05 00808599 core:RevaluationReserve 2024-04-05 00808599 core:RevaluationReserve 2023-04-05 00808599 core:CapitalRedemptionReserve 2024-04-05 00808599 core:CapitalRedemptionReserve 2023-04-05 00808599 core:RetainedEarningsAccumulatedLosses 2024-04-05 00808599 core:RetainedEarningsAccumulatedLosses 2023-04-05 00808599 core:CostValuation core:Non-currentFinancialInstruments 2023-04-05 00808599 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-04-05 00808599 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-04-05 00808599 core:CostValuation core:Non-currentFinancialInstruments 2024-04-05 00808599 core:Non-currentFinancialInstruments 2024-04-05 00808599 core:Non-currentFinancialInstruments 2023-04-05 00808599 core:LandBuildings 2023-04-05 00808599 core:PlantMachinery 2023-04-05 00808599 core:FurnitureFittings 2023-04-05 00808599 bus:SmallEntities 2023-04-06 2024-04-05 00808599 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 00808599 bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 00808599 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 00808599 bus:FullAccounts 2023-04-06 2024-04-05
COMPANY REGISTRATION NUMBER: 00808599
Dowson (Geldeston) Limited
Unaudited financial statements
For the year ended
5 April 2024
Dowson (Geldeston) Limited
Statement of financial position
5 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,637,722
1,633,632
Investments
6
90,089
87,415
-----------
-----------
1,727,811
1,721,047
Current assets
Debtors
7
20,502
23,466
Cash at bank and in hand
4,084
36,051
-------
-------
24,586
59,517
Creditors: Amounts falling due within one year
8
( 12,967)
( 14,394)
-------
-------
Net current assets
11,619
45,123
-----------
-----------
Total assets less current liabilities
1,739,430
1,766,170
Provisions
Taxation including deferred tax
( 251,699)
( 325,390)
-----------
-----------
Net assets
1,487,731
1,440,780
-----------
-----------
Capital and reserves
Called up share capital
5,659
5,659
Share premium account
20,042
20,042
Revaluation reserve
1,385,153
1,309,713
Capital redemption reserve
728
728
Profit and loss account
76,149
104,638
-----------
-----------
Shareholders funds
1,487,731
1,440,780
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dowson (Geldeston) Limited
Statement of financial position (continued)
5 April 2024
These financial statements were approved by the board of directors and authorised for issue on 31 December 2024 , and are signed on behalf of the board by:
Mr R C M Dowson
Director
Company registration number: 00808599
Dowson (Geldeston) Limited
Notes to the financial statements
Year ended 5 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Wherry, Quay Street, Halesworth, Suffolk, IP19 8ET.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents the rental income receivable for the period.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Greenhouses
-
15% reducing balance
Fixtures & Fittings
-
15% reducing balance
Equipment
-
15% reducing balance
Investment Property is not depreciated.
Investments
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of employees during the year was 3 (2023: 3 ).
5. Tangible assets
Investment Property
Greenhouses
Fixtures & Fittings
Equipment
Total
£
£
£
£
£
Cost
At 6 April 2023
1,632,000
5,378
4,464
3,221
1,645,063
Additions
4,893
4,893
-----------
------
------
------
-----------
At 5 April 2024
1,632,000
5,378
4,464
8,114
1,649,956
-----------
------
------
------
-----------
Depreciation
At 6 April 2023
5,375
4,423
1,633
11,431
Charge for the year
6
797
803
-----------
------
------
------
-----------
At 5 April 2024
5,375
4,429
2,430
12,234
-----------
------
------
------
-----------
Carrying amount
At 5 April 2024
1,632,000
3
35
5,684
1,637,722
-----------
------
------
------
-----------
At 5 April 2023
1,632,000
3
41
1,588
1,633,632
-----------
------
------
------
-----------
Investment Property was valued at market value by Savills at March 2023 and the directors are of the opinion that this would be the fair value at 5 April 2024.
6. Investments
Other investments other than loans
£
Cost
At 6 April 2023
87,415
Additions
925
Revaluations
1,749
-------
At 5 April 2024
90,089
-------
Impairment
At 6 April 2023 and 5 April 2024
-------
Carrying amount
At 5 April 2024
90,089
-------
At 5 April 2023
87,415
-------
Included within the above are two paintings purchased in November 1990. The directors feel their current fair value is similar to their original cost of £19,584.
7. Debtors
2024
2023
£
£
Trade debtors
412
Other debtors
20,502
23,054
-------
-------
20,502
23,466
-------
-------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
175
Social security and other taxes
79
79
Other loans
27
27
Other taxation
3,800
Other creditors
12,686
10,488
-------
-------
12,967
14,394
-------
-------