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Registered number: 4106647
Dilemma (UK) Limited
Unaudited ABRIDGED Financial Statements
For the Period 1 October 2022 to 31 March 2023
Lisa Western FCCA
Chartered Certified Accountants
26 Kings Hill Avenue
West Malling
Kent
ME19 4AE
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 4106647
31 March 2023 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 - 987
Investment Properties 6 639,140 639,140
639,140 640,127
CURRENT ASSETS
Debtors 327,799 105,104
Cash at bank and in hand 318,059 100,646
645,858 205,750
Creditors: Amounts Falling Due Within One Year (533,747 ) (74,666 )
NET CURRENT ASSETS (LIABILITIES) 112,111 131,084
TOTAL ASSETS LESS CURRENT LIABILITIES 751,251 771,211
Creditors: Amounts Falling Due After More Than One Year (201,830 ) (211,126 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 - (188 )
NET ASSETS 549,421 559,897
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 549,419 559,895
SHAREHOLDERS' FUNDS 549,421 559,897
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Page 2
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Joseph Cameron
Director
7th March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Dilemma (UK) Limited Registered number 4106647 is a company limited by shares, incorporated in England & Wales. The Registered Office is 139-141 Commercial Road, Paddock Wood, Tonbridge, Kent, TN12 6DS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and Loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.5. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Intangible Assets
Total
£
Cost
As at 1 October 2022 125,000
As at 31 March 2023 125,000
Amortisation
As at 1 October 2022 125,000
As at 31 March 2023 125,000
Net Book Value
As at 31 March 2023 -
As at 1 October 2022 -
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5. Tangible Assets
Total
£
Cost
As at 1 October 2022 68,940
As at 31 March 2023 68,940
Depreciation
As at 1 October 2022 67,953
Provided during the period 987
As at 31 March 2023 68,940
Net Book Value
As at 31 March 2023 -
As at 1 October 2022 987
6. Investment Property
31 March 2023
£
Fair Value
As at 1 October 2022 and 31 March 2023 639,140
7. Secured Creditors
Of the creditors the following amounts are secured.
31 March 2023 30 September 2022
£ £
Bank loans and overdrafts 186,203 190,279
8. Deferred Taxation
The provision for deferred tax is made up as follows:
31 March 2023 30 September 2022
£ £
Other timing differences - 188
9. Share Capital
31 March 2023 30 September 2022
£ £
Allotted, Called up and fully paid 2 2
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2022 Amounts advanced Amounts repaid Amounts written off As at 31 March 2023
£ £ £ £ £
Mr Joseph Cameron 5,410 163,132 - - 168,542
The above loan was unsecured and repayable on demand. Interest is charged at commercial rates.
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