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REGISTERED NUMBER: 05472204 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

DOLPHIN PARK LIMITED

DOLPHIN PARK LIMITED (REGISTERED NUMBER: 05472204)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

DOLPHIN PARK LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: P S B Bailey
D D Bailey





SECRETARY: J M Holland





REGISTERED OFFICE: Printstile Place
Penshurst Road
Bidborough
Tunbridge Wells
Kent
TN3 0LW





REGISTERED NUMBER: 05472204 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

DOLPHIN PARK LIMITED (REGISTERED NUMBER: 05472204)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,824,351 1,824,351
1,824,351 1,824,351

CURRENT ASSETS
Debtors 6 68,965 84,043
Investments 7 302,296 295,824
Cash at bank and in hand 160,095 116,246
531,356 496,113
CREDITORS
Amounts falling due within one year 8 289,092 272,412
NET CURRENT ASSETS 242,264 223,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,066,615

2,048,052

CAPITAL AND RESERVES
Called up share capital 80 80
Fair value reserve (51,118 ) (21,317 )
Retained earnings 2,117,653 2,069,289
2,066,615 2,048,052

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

DOLPHIN PARK LIMITED (REGISTERED NUMBER: 05472204)

BALANCE SHEET - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:





D D Bailey - Director


DOLPHIN PARK LIMITED (REGISTERED NUMBER: 05472204)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Dolphin Park 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.

Turnover
Turnover is recognised when tenants' rents become due. Where rents are paid in advance, they are recognised in deferred income.

Income from investments is received by way of dividend and interest, and is recognised on the date it becomes due.

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 - Straight line over 10 years
Fixtures and fittings - Straight line over 10 years and Straight line over 15 years

Tangible fixed assets held under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to teh location and condition necessary for it to be capable of operating in the manner intended by management.

Investment property
Investment property is stated at fair value determined annually by the directors or an independent valuer and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided and changes in fair value are recognised in profit or loss.

Financial instruments
The company enters into basic financial instruments that give rise to financial assets and financial liabilities
including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.

These are measured on initial recognition at transaction price and subsequently at amortised cost using the effective interest rate method.

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 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 balance sheet date.

DOLPHIN PARK LIMITED (REGISTERED NUMBER: 05472204)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Current asset investments
Investments in listed company shares are revalued to market value at each balance sheet date. Fair value movements on revaluation are recognised in the profit and loss account for the period.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 19,870 246,433 266,303
DEPRECIATION
At 1 July 2023
and 30 June 2024 19,870 246,433 266,303
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

DOLPHIN PARK LIMITED (REGISTERED NUMBER: 05472204)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,824,351
NET BOOK VALUE
At 30 June 2024 1,824,351
At 30 June 2023 1,824,351

Independent valuations of the investment property were carried out by Chartered surveyors at 30 June 2018 and 18 February 2019, providing valuations of £1,840,000 at both dates.

The investment property was valued by the directors on an open market basis on 30 June 2023 and 30 June 2024 and the directors consider the valuation at both dates not to be significantly different to the carrying value in the financial statements of £1,824,351.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 67,766 83,043
Prepayments and accrued income 1,199 1,000
68,965 84,043

7. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Other 302,296 295,824

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Corporation tax 42,032 33,471
Other creditors 156,737 170,748
Directors' loan accounts 40,000 20,000
Accruals & deferred income 50,323 48,193
289,092 272,412

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DOLPHIN PARK LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dolphin Park Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dolphin Park Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dolphin Park Limited and state those matters that we have agreed to state to the Board of Directors of Dolphin Park Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dolphin Park Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dolphin Park Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dolphin Park Limited. You consider that Dolphin Park Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dolphin Park Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


6 February 2025