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Registration number: 10355230

Dotage Investments Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Dotage Investments Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Dotage Investments Ltd

(Registration number: 10355230)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,112

2,111

Investment property

5

320,000

310,000

 

321,112

312,111

Current assets

 

Debtors

6

925

7,681

Cash at bank and in hand

 

21,876

19,725

 

22,801

27,406

Creditors: Amounts falling due within one year

7

(131,912)

(131,585)

Net current liabilities

 

(109,111)

(104,179)

Total assets less current liabilities

 

212,001

207,932

Creditors: Amounts falling due after more than one year

7

(70,165)

(88,473)

Provisions for liabilities

(9,922)

(7,672)

Net assets

 

131,914

111,787

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

38,576

28,576

Profit and loss account

93,238

83,111

Shareholders' funds

 

131,914

111,787

 

Dotage Investments Ltd

(Registration number: 10355230)
Statement of Financial Position as at 31 December 2024 (continued)

For the financial year ending 31 December 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 year 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 and 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 21 March 2025 and signed on its behalf by:
 


Mr A Noon
Director

 

Dotage Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
26-28 Southernhay East
Exeter
EX1 1NS

Principal activity

The principal activity of the company is property leasing.

2

Accounting policies

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

 

Dotage Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. 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 at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the of the provision as an expense.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

Dotage Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2024

6,144

6,144

At 31 December 2024

6,144

6,144

Depreciation

At 1 January 2024

4,033

4,033

Charge for the year

999

999

At 31 December 2024

5,032

5,032

Carrying amount

At 31 December 2024

1,112

1,112

At 31 December 2023

2,111

2,111

5

Investment properties

2024
£

At 1 January

310,000

Fair value adjustments

10,000

At 31 December

320,000

The investment property is held a fair value which is based on the directors valuation.


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

 

Dotage Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6

Debtors

2024
£

2023
£

Trade debtors

-

6,582

Other debtors

140

231

Prepayments

785

868

925

7,681

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9,500

9,500

Taxation and social security

 

4,911

4,440

Accruals and deferred income

 

4,129

4,273

Other creditors

 

113,372

113,372

 

131,912

131,585

The loan is secured on a charge over the investment property held by the company.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

70,165

88,473

2024
£

2023
£

Due after more than five years

After more than five years by instalments

32,165

50,473

£0.00

£0.00

The loan is secured on a charge over the investment property held by the company.

 

Dotage Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.


Revaluation reserve:
This reserve records the proportion of the profit and loss account that represents accumulated gains and losses from investment properties and is displayed separately to retain a record of these reserves not distributable to holders of equity by way of dividends.

9

Related party transactions

Transactions with directors

2024

At 1 January 2024
£

At 31 December 2024
£

Directors

109,900

109,900

     
   

 

2023

At 1 January 2023
£

At 31 December 2023
£

Directors

109,900

109,900