Dalewood Overseas Limited 14894268 false 2023-05-25 2024-05-31 2024-05-31 The principal activity of the company is that of investment property Digita Accounts Production Advanced 6.30.9574.0 true true 14894268 2023-05-25 2024-05-31 14894268 2024-05-31 14894268 bus:OrdinaryShareClass1 2024-05-31 14894268 core:RetainedEarningsAccumulatedLosses 2024-05-31 14894268 core:ShareCapital 2024-05-31 14894268 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14894268 core:FurnitureFittingsToolsEquipment 2024-05-31 14894268 bus:SmallEntities 2023-05-25 2024-05-31 14894268 bus:AuditExemptWithAccountantsReport 2023-05-25 2024-05-31 14894268 bus:FilletedAccounts 2023-05-25 2024-05-31 14894268 bus:SmallCompaniesRegimeForAccounts 2023-05-25 2024-05-31 14894268 bus:RegisteredOffice 2023-05-25 2024-05-31 14894268 bus:Director1 2023-05-25 2024-05-31 14894268 bus:Director2 2023-05-25 2024-05-31 14894268 bus:OrdinaryShareClass1 2023-05-25 2024-05-31 14894268 bus:PrivateLimitedCompanyLtd 2023-05-25 2024-05-31 14894268 bus:Agent1 2023-05-25 2024-05-31 14894268 core:FurnitureFittingsToolsEquipment 2023-05-25 2024-05-31 14894268 countries:EnglandWales 2023-05-25 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14894268

Dalewood Overseas Limited

Unaudited Filleted Financial Statements

for the Period from 25 May 2023 to 31 May 2024

 

Dalewood Overseas Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Dalewood Overseas Limited

Company Information

Directors

Mr TJ Murphy

Mrs SA Murphy

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dalewood Overseas Limited
for the Period Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dalewood Overseas Limited for the period ended 31 May 2024 as set out on pages 3 to 6 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 at
http://www.icaew.com/regulation.

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

It is your duty to ensure that Dalewood Overseas Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Dalewood Overseas Limited. You consider that Dalewood Overseas Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Dalewood Overseas 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 accounts.

......................................

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

14 January 2025

 

Dalewood Overseas Limited

(Registration number: 14894268)
Balance Sheet as at 31 May 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

115,912

Investment property

5

1,095,884

 

1,211,796

Current assets

 

Cash at bank and in hand

 

4,600

Creditors: Amounts falling due within one year

6

(1,226,039)

Net current liabilities

 

(1,221,439)

Net liabilities

 

(9,643)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(9,743)

Shareholders' deficit

 

(9,643)

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 January 2025 and signed on its behalf by:
 

.........................................
Mr TJ Murphy
Director

 

Dalewood Overseas Limited

Notes to the Unaudited Financial Statements for the Period from 25 May 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the Board on 13 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Dalewood Overseas Limited

Notes to the Unaudited Financial Statements for the Period from 25 May 2023 to 31 May 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Dalewood Overseas Limited

Notes to the Unaudited Financial Statements for the Period from 25 May 2023 to 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

115,912

115,912

At 31 May 2024

115,912

115,912

Depreciation

Carrying amount

At 31 May 2024

115,912

115,912

5

Investment properties

2024
£

Additions

1,095,884

At 31 May

1,095,884

There has been no valuation of investment property by an independent valuer.

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Other creditors

1,226,039

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary Shares of £1 each

100

100