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Company Registration No. 12556145 (England and Wales)
Dowling Homes Limited Unaudited accounts for the year ended 30 April 2024
Dowling Homes Limited Unaudited accounts Contents
Page
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Dowling Homes Limited Company Information for the year ended 30 April 2024
Directors
R Dowling C Dowling
Company Number
12556145 (England and Wales)
Registered Office
6 Weyhill Close Portchester Fareham Hampshire PO16 8EL
Accountants
Horn & Co. Accountants Limited 6 Weyhill Close Portchester Fareham Hampshire PO16 8EL
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Dowling Homes Limited for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dowling Homes Limited for the year ended 30 April 2024 as set out on pages 5 - 6 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Horn & Co. Accountants Limited Chartered Certified Accountants 6 Weyhill Close Portchester Fareham Hampshire PO16 8EL 29 January 2025
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Dowling Homes Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
501,504 
501,504 
Investments
120 
120 
501,624 
501,624 
Current assets
Debtors
3,829 
1,865 
Cash at bank and in hand
45,157 
23,963 
48,986 
25,828 
Creditors: amounts falling due within one year
(33,425)
(6,705)
Net current assets
15,561 
19,123 
Total assets less current liabilities
517,185 
520,747 
Creditors: amounts falling due after more than one year
(120,336)
(121,655)
Provisions for liabilities
Deferred tax
(20,750)
(20,750)
Net assets
376,099 
378,342 
Capital and reserves
Called up share capital
240 
240 
Profit and loss account
375,859 
378,102 
Shareholders' funds
376,099 
378,342 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by
R Dowling Director Company Registration No. 12556145
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Dowling Homes Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Dowling Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 12556145. The registered office is 6 Weyhill Close, Portchester, Fareham, Hampshire, PO16 8EL.
2
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover consists of rents receivable. Rents are recognised in the period to which they relate.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement. 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 period end. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the period end. 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.
Investments
Investments in shares are included at cost.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The original cost of the investment property was £418,503 (2023: £418,503).
Secured debts
Paratus AMC Limited has a fixed charge over investment property held by the company. As at the balance sheet date the liabilities owed to Paratus AMC Limited totalled £122,336.
3
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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