Company registration number: 14212094
Unaudited financial statements
for the year ended 31 March 2025
for
DYME Properties Limited
Pages for filing with the Registrar
Company registration number: 14212094
DYME Properties Limited
Balance sheet
as at 31 March 2025
31 Mar 25 31 Mar 24
Note £ £ £ £
Fixed assets
Investment property 4 1,775,000 275,000
1,775,000 275,000
Current assets
Debtors 811 -
Cash at bank and in hand 20,564 1,381
21,375 1,381
Creditors: amounts falling due within one
year
(345,975) (86,769)
Net current liabilities (324,600) (85,388)
Total assets less current liabilities 1,450,400 189,612
Creditors: Amounts falling due after more
than one year
(1,077,928) (191,990)
Provisions for liabilities (35,406) (2,971)
NET ASSETS/(LIABILITIES) 337,066 (5,349)
Capital and reserves
Called up share capital 100 100
Profit and loss account 336,966 (5,449)
TOTAL EQUITY 337,066 (5,349)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14212094
DYME Properties Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 2 April 2025 and signed on its behalf by:
Miss M Merner, Director
2 April 2025
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DYME Properties Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
DYME Properties Limited is a private company registered in England and Wales. Its registered number is 14212094. The company is limited by shares. Its registered office is Dyme Accounting, 8 High Street, Battle, East Sussex, TN33 0AE.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Investment property
Investment property is shown at its most recent valuation. 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 taxation. Tax is recognised in the Profit and loss account, 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.
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DYME Properties Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Investment property
£
Valuation
At 1 April 2024 275,000
Additions 1,374,016
Revaluations 125,984
At 31 March 2025 1,775,000
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the periods ended 31 March 2025 and 31 March 2024.
31 Mar 25 31 Mar 24
£ £
M Merner and R Dyke
Balance outstanding at start of year 85,569 -
Amounts advanced 1,107 85,569
Balance outstanding at end of year 86,676 85,569
The loan is interest free, with no terms attached.
6 Related party transactions
At the reporting date DYME Holdings Limited, a company controlled by the Directors Mr R Dyke and Miss M Merner, was owed £258,098. The loan is interest free with no terms attached.
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