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REGISTERED NUMBER: 07749375 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Dines & Sons Limited

Dines & Sons Limited (Registered number: 07749375)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dines & Sons Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr N A Dines
Mrs S L Dines





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





REGISTERED NUMBER: 07749375 (England and Wales)

Dines & Sons Limited (Registered number: 07749375)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 1,901 1,486
Investment property 6 467,000 500,000
468,901 501,486

CURRENT ASSETS
Debtors 7 998 6,182
Cash at bank 105,593 209,226
106,591 215,408
CREDITORS
Amounts falling due within one year 8 108,007 217,043
NET CURRENT LIABILITIES (1,416 ) (1,635 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

467,485

499,851

CREDITORS
Amounts falling due after more than one
year

9

(355,250

)

(355,250

)

PROVISIONS FOR LIABILITIES (25,768 ) (33,915 )
NET ASSETS 86,467 110,686

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 89,214 114,067
Retained earnings (2,847 ) (3,481 )
86,467 110,686

Dines & Sons Limited (Registered number: 07749375)

Balance Sheet - continued
31 August 2024


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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:




Mr N A Dines - Director



Mrs S L Dines - Director


Dines & Sons Limited (Registered number: 07749375)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Dines & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, 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.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Dines & Sons Limited (Registered number: 07749375)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 2,364
Additions 2,535
Disposals (2,364 )
At 31 August 2024 2,535
DEPRECIATION
At 1 September 2023 878
Charge for year 634
Eliminated on disposal (878 )
At 31 August 2024 634
NET BOOK VALUE
At 31 August 2024 1,901
At 31 August 2023 1,486

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 500,000
Revaluations (33,000 )
At 31 August 2024 467,000
NET BOOK VALUE
At 31 August 2024 467,000
At 31 August 2023 500,000

Dines & Sons Limited (Registered number: 07749375)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2020 7,342
Valuation in 2021 76,330
Valuation in 2022 47,464
Valuation in 2023 16,846
Valuation in 2024 (33,000 )
Cost 352,018
467,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 441,328 441,328

The investment property were valued on an open market basis on 31 August 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 998 6,182

Other debtors includes prepaid expenses of £469 (2023 - £840) and VAT balance of £529 (2023 - £5,342).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,285 6,936
Taxation and social security 51 2,262
Other creditors 106,671 207,845
108,007 217,043

Other creditors includes directors' loan accounts of £1,368 (2023 - £317), and intercompany loans of £105,303 (2021 - £207,528).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 355,250 355,250

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 355,250 355,250

Dines & Sons Limited (Registered number: 07749375)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 355,250 355,250

On 10 July 2020, Aldermore Bank PLC secured a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.