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REGISTERED NUMBER: 04155097 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

DOUGLAS HAMILTON ESTATES (SOUTHERN) LTD

DOUGLAS HAMILTON ESTATES (SOUTHERN) LTD (REGISTERED NUMBER: 04155097)






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


DOUGLAS HAMILTON ESTATES (SOUTHERN) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P Goodenough
N M J Goble





REGISTERED OFFICE: Sovereign House
Avenue Lane
Eastbourne
East Sussex
BN21 3UL





REGISTERED NUMBER: 04155097 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

DOUGLAS HAMILTON ESTATES (SOUTHERN) LTD (REGISTERED NUMBER: 04155097)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,416 2,832
Investment property 5 14,000 22,888
15,416 25,720

CURRENT ASSETS
Debtors 6 1,434 5,845
Cash at bank 6,964 4,962
8,398 10,807
CREDITORS
Amounts falling due within one year 7 2,746 2,716
NET CURRENT ASSETS 5,652 8,091
TOTAL ASSETS LESS CURRENT LIABILITIES 21,068 33,811

PROVISIONS FOR LIABILITIES 1,194 -
NET ASSETS 19,874 33,811

DOUGLAS HAMILTON ESTATES (SOUTHERN) LTD (REGISTERED NUMBER: 04155097)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 4,869 10,869
Retained earnings 15,003 22,940
SHAREHOLDERS' FUNDS 19,874 33,811

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.

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 19 February 2025 and were signed on its behalf by:





P Goodenough - Director


DOUGLAS HAMILTON ESTATES (SOUTHERN) LTD (REGISTERED NUMBER: 04155097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Douglas Hamilton Estates (Southern) Ltd 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Determination of fair value for investment property - While fair value is determined on an open market basis there is a risk of a material adjustment should there be increased volatility in the UK residential property market as a result of the current uncertain economic climate.

Turnover
Turnover represents net invoiced sales of rental income and management charges receivable on investment properties. Turnover is recognised on a straight line basis throughout the term of the lease contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

DOUGLAS HAMILTON ESTATES (SOUTHERN) LTD (REGISTERED NUMBER: 04155097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Investment property
Investment property is included at 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 Director determines fair value by comparing the market value of comparable properties in similar geographical locations derived from recent sales.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

DOUGLAS HAMILTON ESTATES (SOUTHERN) LTD (REGISTERED NUMBER: 04155097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 5,665
DEPRECIATION
At 1 July 2023 2,833
Charge for year 1,416
At 30 June 2024 4,249
NET BOOK VALUE
At 30 June 2024 1,416
At 30 June 2023 2,832

5. INVESTMENT PROPERTY

All land and buildings are held as investment properties and are carried in these financial statements at open market value.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 14,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 9,132 12,019

Investment property was valued on an open market basis on 30 June 2024 by the director .

DOUGLAS HAMILTON ESTATES (SOUTHERN) LTD (REGISTERED NUMBER: 04155097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,432 4,130
Other debtors 2 1,715
1,434 5,845

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,746 2,716

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023 10,869
Revaluation of tangible assets (6,000 )

At 30 June 2024 4,869