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REGISTERED NUMBER: 08861363 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

KARIN DUNBAR DESIGN LTD

KARIN DUNBAR DESIGN LTD (REGISTERED NUMBER: 08861363)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KARIN DUNBAR DESIGN LTD

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTOR: K E Dunbar





REGISTERED OFFICE: Riversdown
4 Closewalk Wood
Midhurst
West Sussex
GU29 0ET





REGISTERED NUMBER: 08861363 (England and Wales)

KARIN DUNBAR DESIGN LTD (REGISTERED NUMBER: 08861363)

ABRIDGED BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 630,678 648,230
Investments 5 50 50
630,728 648,280

CURRENT ASSETS
Stocks 77,987 91,134
Debtors 5,072 5,461
Cash at bank and in hand 19,961 13,172
103,020 109,767
CREDITORS
Amounts falling due within one year 18,548 14,030
NET CURRENT ASSETS 84,472 95,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

715,200

744,017

CREDITORS
Amounts falling due after more than one year (384,355 ) (438,246 )

PROVISIONS FOR LIABILITIES (62,753 ) (64,714 )
NET ASSETS 268,092 241,057

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 6 262,119 266,791
Retained earnings 6 5,972 (25,735 )
SHAREHOLDERS' FUNDS 268,092 241,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KARIN DUNBAR DESIGN LTD (REGISTERED NUMBER: 08861363)

ABRIDGED BALANCE SHEET - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





K E Dunbar - Director


KARIN DUNBAR DESIGN LTD (REGISTERED NUMBER: 08861363)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Karin Dunbar Design Ltd 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

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.

Turnover
Turnover represents both the sale of bespoke goods, excluding value added tax, sold during the year and revenue derived from the rental of a residential property, excluding value added tax, provided during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property- 2% on cost
Plant and machinery- 10% on cost
Fixtures and fittings- 20% on cost
Computer equipment- 20% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost includes all costs of purchase, including costs to bring stock to its present location and condition. Provision is made for damaged, obsolete and slow moving stock where appropriate.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost, except for investments in shares which are measured at fair value. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current and deferred tax assets and liabilities are not discounted and are 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.

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

KARIN DUNBAR DESIGN LTD (REGISTERED NUMBER: 08861363)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 May 2023 690,666
Additions 161
At 30 April 2024 690,827
DEPRECIATION
At 1 May 2023 42,436
Charge for year 17,713
At 30 April 2024 60,149
NET BOOK VALUE
At 30 April 2024 630,678
At 30 April 2023 648,230

Totals
£

Freehold property revaluation in 2022(50,000)
Freehold property revaluation in 2018338,393
Freehold property cost361,607
Other asset cost40,666
690,666

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

20242023
££
Cost361,607361,607
Aggregate depreciation(61,212)(53,979)

The freehold property was valued on an open market basis on 30 April 2024 by the director.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2023
and 30 April 2024 50
NET BOOK VALUE
At 30 April 2024 50
At 30 April 2023 50

KARIN DUNBAR DESIGN LTD (REGISTERED NUMBER: 08861363)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


6. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 (25,735 ) 266,791 241,056
Profit for the year 25,939 25,939
Deferred tax - 1,096 1,096
Depreciation movement 5,768 (5,768 ) -
At 30 April 2024 5,972 262,119 268,091

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30 April 2024, the director had loaned the company £368,698 (2023 - £418,426) of which £998 (2023 - £726) is repayable upon demand and £367,700 (2023 - £417,700) is repayable in more than one year from the balance sheet date. During the year ended 30 April 2024, there was no interest (2023 - £Nil) charged on the loan.

8. RELATED PARTY DISCLOSURES

As at 30 April 2024, Karin Dunbar Design Ltd entered into the following transactions with an associated company:

As at 30 April 2024, the balance due from an associated company was £1,960 (2023 - £1,960) and this amount is shown in debtors.