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REGISTERED NUMBER: 05550769 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DUNSTON BUSINESS VILLAGE LIMITED

DUNSTON BUSINESS VILLAGE LIMITED (REGISTERED NUMBER: 05550769)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DUNSTON BUSINESS VILLAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A J Maclaughlin
Mrs P MacLaughlin





SECRETARY: Mrs P MacLaughlin





REGISTERED OFFICE: Woodland Lodge,Lodge 20
Dunston Business Village
Dunston
Stafford
Staffordshire
ST18 9FJ





REGISTERED NUMBER: 05550769 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

DUNSTON BUSINESS VILLAGE LIMITED (REGISTERED NUMBER: 05550769)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,878 27,360
Investment property 5 20,721,325 20,514,923
20,750,203 20,542,283

CURRENT ASSETS
Debtors 6 63,872 67,909
Prepayments and accrued income 28,587 12,818
Cash at bank 467,523 400,589
559,982 481,316
CREDITORS
Amounts falling due within one year 7 379,706 418,284
NET CURRENT ASSETS 180,276 63,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,930,479

20,605,315

CREDITORS
Amounts falling due after more than one
year

8

(8,537,373

)

(8,273,635

)

PROVISIONS FOR LIABILITIES (1,844,770 ) (1,973,791 )
NET ASSETS 10,548,336 10,357,889

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 8,540,551 8,540,551
Retained earnings 2,007,784 1,817,337
SHAREHOLDERS' FUNDS 10,548,336 10,357,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

DUNSTON BUSINESS VILLAGE LIMITED (REGISTERED NUMBER: 05550769)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 5 December 2024 and were signed on its behalf by:





A J Maclaughlin - Director


DUNSTON BUSINESS VILLAGE LIMITED (REGISTERED NUMBER: 05550769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Dunston Business Village 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance

Investment property
Buildings are depreciated to a residual value over their estimated useful life of 50 years. No depreciation has been charged on investment property in the current year as the current residual value is considered to be equal to the value at the year end.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 27 ) .

DUNSTON BUSINESS VILLAGE LIMITED (REGISTERED NUMBER: 05550769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2023 56,093 16,985 73,078
Additions 5,030 1,050 6,080
At 31 July 2024 61,123 18,035 79,158
DEPRECIATION
At 1 August 2023 37,838 7,880 45,718
Charge for year 3,651 911 4,562
At 31 July 2024 41,489 8,791 50,280
NET BOOK VALUE
At 31 July 2024 19,634 9,244 28,878
At 31 July 2023 18,255 9,105 27,360

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 20,514,923
Additions 206,402
At 31 July 2024 20,721,325
NET BOOK VALUE
At 31 July 2024 20,721,325
At 31 July 2023 20,514,923

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2008 1,901,717
Valuation in 2013 133,971
Valuation in 2014 490,367
Valuation in 2015 32,131
Valuation in 2016 1,671,947
Valuation in 2017 2,228,395
Valuation in 2019 836,589
Valuation in 2020 1,421,351
Valuation in 2021 1,205,350
Cost 10,799,507
20,721,325

DUNSTON BUSINESS VILLAGE LIMITED (REGISTERED NUMBER: 05550769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 10,696,137 10,593,105

Investment Property was valued on an open market basis on 31 August 2021 by Colliers International .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,872 67,909

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 150,000 150,000
Trade creditors 107,344 120,861
CIS control 5,345 12,134
Credit card 23,796 11,591
Tax 2,438 10,535
Social security and other taxes 66,998 86,929
Pension control account 818 661
Accruals and deferred income 22,967 25,573
379,706 418,284

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 300,000 300,000
Bank loans - 2-5 years 7,615,500 7,615,500
Directors' Loan Account 391,125 148,164
Other creditors 230,748 209,971
8,537,373 8,273,635

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 8,065,500 8,065,500

The bank loan is secured by a fixed charge over the land and buildings of the company.

A cross guarantee and debenture exists between Dunston Business Village Limited, and its fellow subsidiaries A J Business Solutions Limited and Martin Street Developments Limited.

DUNSTON BUSINESS VILLAGE LIMITED (REGISTERED NUMBER: 05550769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

10. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 8,540,551

11. RELATED PARTY DISCLOSURES

During the year Dunston Business Village Limited rented property from A. Maclaughlin, the director of the company, for £25,000 (2023: £25,000)

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Adrian MacLaughlin by virtue of his 100% shareholding in Concordia Group Limited which also holds 100% of the shares in Dunston Business Village Limited.