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REGISTERED NUMBER: 03365303 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

DTR (ROSSENDALE) LIMITED

DTR (ROSSENDALE) LIMITED (REGISTERED NUMBER: 03365303)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


DTR (ROSSENDALE) LIMITED (REGISTERED NUMBER: 03365303)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 263 346
Investment property 5 1,352,500 1,352,500
1,352,763 1,352,846

CURRENT ASSETS
Debtors 6 77,313 130,384
Cash at bank 208,580 171,561
285,893 301,945
CREDITORS
Amounts falling due within one year 7 15,829 21,768
NET CURRENT ASSETS 270,064 280,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,622,827

1,633,023

PROVISIONS FOR LIABILITIES 87,650 87,672
NET ASSETS 1,535,177 1,545,351

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 212,035 212,035
Retained earnings 8 1,323,042 1,333,216
SHAREHOLDERS' FUNDS 1,535,177 1,545,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

DTR (ROSSENDALE) LIMITED (REGISTERED NUMBER: 03365303)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





Mr J K Dickinson - Director


DTR (ROSSENDALE) LIMITED (REGISTERED NUMBER: 03365303)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

DTR (Rossendale) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03365303

Registered office: 25 Rawsthorne Avenue
Haslingden
Rossendale
Lancashire
BB4 4BN

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Garage conversion - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss accountStatement of Income and Retained Earnings 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.

DTR (ROSSENDALE) LIMITED (REGISTERED NUMBER: 03365303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Garage and Computer
conversion fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 8,100 3,370 4,485 15,955
DEPRECIATION
At 1 June 2023 8,100 3,156 4,353 15,609
Charge for year - 32 51 83
At 31 May 2024 8,100 3,188 4,404 15,692
NET BOOK VALUE
At 31 May 2024 - 182 81 263
At 31 May 2023 - 214 132 346

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,352,500
NET BOOK VALUE
At 31 May 2024 1,352,500
At 31 May 2023 1,352,500

Investments comprise freehold investment property and fittings.

The historic cost of investment properties was £1,097,036 (2023; £1,097,036). The investment property has been valued at market value by Petty Chartered Surveyors (Royal Institution of Chartered Surveyors), on 10 September 2019.

The directors consider the value of the investment property held to be an appropriate valuation.

DTR (ROSSENDALE) LIMITED (REGISTERED NUMBER: 03365303)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2004 34,428
Valuation in 2019 221,036
Cost 1,097,036
1,352,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 67,638 62,638
Other debtors 2,005 16,307
Directors' current accounts - 47,415
Deferred tax asset 7,670 4,024
77,313 130,384

The directors believe, based on future projections, that it is more likely than not that the deferred tax asset will be recovered against future profits.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 124 454
Social security and other taxes 428 14,070
VAT 2,582 1,896
Other creditors 2,348 2,221
Directors' current accounts 6,815 296
Accruals and deferred income 3,532 2,831
15,829 21,768

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 1,333,216 212,035 1,545,251
Deficit for the year (10,174 ) (10,174 )
At 31 May 2024 1,323,042 212,035 1,535,077

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director repaid £47,415 in the year. The total aggregate amount due from director is £nil (2023: £47,415). No interest was charged on the loan and there were no formal repayment terms.

10. RELATED PARTY DISCLOSURES

During the year the company rented a property to a related company that has all four directors in common. A below market rate rent was charged amounting to £5,000 (2023: £5,000).