Registered number
05382473
The Dedicated Partnership Limited
Unaudited Filleted Accounts
For the Year Ended
30 April 2024
The Dedicated Partnership Limited
Registered number: 05382473
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,627 1,798
Current assets
Debtors 4 744 556
Investments held as current assets 5 89,177 90,528
Cash at bank and in hand 2,135 7,757
92,056 98,841
Creditors: amounts falling due within one year 6 (22,094) (15,282)
Net current assets 69,962 83,559
Net assets 71,589 85,357
Capital and reserves
Called up share capital 2 2
Revaluation reserve 7 8,301 9,653
Profit and loss account 63,286 75,702
Shareholders' funds 71,589 85,357
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr P H Johnson
Director
Approved by the board on 23 January 2025
The Dedicated Partnership Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Fixtures and Fittings 10% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 9,308
Additions 950
At 30 April 2024 10,258
Depreciation
At 1 May 2023 7,510
Charge for the year 1,121
At 30 April 2024 8,631
Net book value
At 30 April 2024 1,627
At 30 April 2023 1,798
4 Debtors 2024 2023
£ £
Other debtors 744 556
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 89,177 90,528
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 814 1,644
Taxation and social security costs - 949
Other creditors 21,280 12,689
22,094 15,282
7 Revaluation reserve 2024 2023
£ £
At 1 May 2023 9,653 96,734
Loss on revaluation of current investments (1,352) (87,081)
At 30 April 2024 8,301 9,653
8 Other information
The Dedicated Partnership Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Helsfell Hall
Windermere Road
Kendal
Cumbria
LA9 5SH
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