Silverfin false false 01/07/2024 02/07/2023 01/07/2024 Mr D Dowe 20/09/1991 Mrs W C Dowe 20/09/1991 Mrs W C Dowe 23 January 2025 The principal activity of the company during the financial year was that of an investment company. 01049029 2024-07-01 01049029 bus:Director1 2024-07-01 01049029 bus:Director2 2024-07-01 01049029 2023-07-01 01049029 core:CurrentFinancialInstruments 2024-07-01 01049029 core:CurrentFinancialInstruments 2023-07-01 01049029 core:ShareCapital 2024-07-01 01049029 core:ShareCapital 2023-07-01 01049029 core:FurtherSpecificReserve1ComponentTotalEquity 2024-07-01 01049029 core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-01 01049029 core:RetainedEarningsAccumulatedLosses 2024-07-01 01049029 core:RetainedEarningsAccumulatedLosses 2023-07-01 01049029 core:CostValuation 2023-07-01 01049029 core:RevaluationsIncreaseDecreaseInInvestments 2024-07-01 01049029 core:CostValuation 2024-07-01 01049029 2023-07-02 2024-07-01 01049029 bus:FilletedAccounts 2023-07-02 2024-07-01 01049029 bus:SmallEntities 2023-07-02 2024-07-01 01049029 bus:AuditExemptWithAccountantsReport 2023-07-02 2024-07-01 01049029 bus:PrivateLimitedCompanyLtd 2023-07-02 2024-07-01 01049029 bus:Director1 2023-07-02 2024-07-01 01049029 bus:Director2 2023-07-02 2024-07-01 01049029 bus:CompanySecretary1 2023-07-02 2024-07-01 01049029 2022-07-02 2023-07-01 iso4217:GBP xbrli:pure

Company No: 01049029 (England and Wales)

DORCHESTER TRAVEL AGENCY LTD

Unaudited Financial Statements
For the financial year ended 01 July 2024
Pages for filing with the registrar

DORCHESTER TRAVEL AGENCY LTD

Unaudited Financial Statements

For the financial year ended 01 July 2024

Contents

DORCHESTER TRAVEL AGENCY LTD

BALANCE SHEET

As at 01 July 2024
DORCHESTER TRAVEL AGENCY LTD

BALANCE SHEET (continued)

As at 01 July 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 280,000 280,000
Investments 4 5,053 4,719
285,053 284,719
Current assets
Debtors 5 0 25
Cash at bank and in hand 4,635 12,244
4,635 12,269
Creditors: amounts falling due within one year 6 ( 19,905) ( 15,568)
Net current liabilities (15,270) (3,299)
Total assets less current liabilities 269,783 281,420
Provision for liabilities ( 5,867) ( 5,867)
Net assets 263,916 275,553
Capital and reserves
Called-up share capital 50,000 50,000
Fair value reserve 176,448 176,114
Profit and loss account 37,468 49,439
Total shareholders' funds 263,916 275,553

For the financial year ending 01 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Dorchester Travel Agency Ltd (registered number: 01049029) were approved and authorised for issue by the Board of Directors on 23 January 2025. They were signed on its behalf by:

Mr D Dowe
Director
Mrs W C Dowe
Director
DORCHESTER TRAVEL AGENCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 01 July 2024
DORCHESTER TRAVEL AGENCY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 01 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dorchester Travel Agency Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of rents receivable and is shown net of VAT.

The company recognises revenue when;
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

The company is run and administered by the directors of the company for whom no formal contracts of service are in place.

3. Investment property

Investment property
£
Valuation
As at 02 July 2023 280,000
As at 01 July 2024 280,000

Valuation

The investment properties class of fixed assets were valued on 1 July 2024 to fair value by the directors who are internal to the company. The basis of this valuation was open market value.
There has been no valuation of investment property by an independent valuer.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 91,462 91,462

4. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 02 July 2023 4,719 4,719
Movement in fair value 334 334
At 01 July 2024 5,053 5,053
Carrying value at 01 July 2024 5,053 5,053
Carrying value at 01 July 2023 4,719 4,719

5. Debtors

2024 2023
£ £
Other debtors 0 25

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 723 0
Taxation and social security 1,830 7,857
Other creditors 17,352 7,711
19,905 15,568

7. Related party transactions

Transactions with the entity's directors

Advances

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 2 July 2023, the balance owed by the directors was £25. During the year, £10,801 was advanced to the directors, and £20,350 was repaid by the directors. At 1 July 2024, the balance owed to the directors was £9,524.

At 2 July 2022, the balance owed to the directors was £9,783. During the year, £21,065 was advanced to the directors, and £11,257 was repaid by the directors. At 1 July 2023, the balance owed by the directors was £25.