Registered number
01692773
Dotebroom Limited
Unaudited Filleted Accounts
30 June 2024
Dotebroom Limited
Registered number: 01692773
Balance Sheet
as at 30 June 2024
As restated
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 963 1,473
Investments 4 580,634 536,499
581,597 537,972
Current assets
Debtors 5 38,688 52,112
Cash at bank and in hand 1,245,704 1,175,384
1,284,392 1,227,496
Creditors: amounts falling due within one year 6 (63,159) (135,484)
Net current assets 1,221,233 1,092,012
Total assets less current liabilities 1,802,830 1,629,984
Provisions for liabilities (4,820) -
Net assets 1,798,010 1,629,984
Capital and reserves
Called up share capital 150,100 150,100
Profit and loss account 1,647,910 1,479,884
Shareholders' funds 1,798,010 1,629,984
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H M Clarke
Director
Approved by the board on 18 March 2025
Dotebroom Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). This is with the exception of investments, which are measured at fair value, adjusted each financial year via the profit and loss account.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets, such as investments are measured at fair value where possible.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment Four years straight line
Stocks
Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks and work in progress to their present location and condition.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 7,378
At 30 June 2024 7,378
Depreciation
At 1 July 2023 5,905
Charge for the year 510
At 30 June 2024 6,415
Net book value
At 30 June 2024 963
At 30 June 2023 1,473
4 Investments
Other
investments
£
Cost
At 1 July 2023 536,499
Revaluation 44,135
At 30 June 2024 580,634
At 30 June 2024 the market value of the investments amounted to £580,634.
5 Debtors 2024 2023
£ £
Trade debtors - 13,646
Deferred tax asset - 2,595
Other debtors 38,688 35,871
38,688 52,112
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 696
Taxation and social security costs 59,183 129,588
Other creditors 3,976 5,200
63,159 135,484
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
H Clarke - 28,349 (27,863) 486
R H Davies (deceased 8 January 2024) 14,256 31,762 (17,530) 28,488
14,256 60,111 (45,393) 28,974
Included within other debtors is the above loan that was made to the directors during the year. The loan is unsecured and is repayable on demand. Interest was required to be charged on the loan.
8 Related party transactions
During the year the company has received management fees of £236,000 (2023: £709,167) from Kiafield Developments Limited, a company in which Mr R H Davies had a material interest. These transactions were carried out on a normal trading basis.
9 Controlling party
The directors are aware that the company is controlled by the Pfister Settlement.
10 Other information
Dotebroom Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Waller Drive
Banbury
Oxfordshire
OX16 9NR
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