Silverfin false false 28/02/2025 01/03/2024 28/02/2025 Bartholomew Dudley 30/10/2012 Kate Dudley 18/11/2012 08 May 2025 The principal activity of the Company during the financial year was that of media representation and general property management. 08273860 2025-02-28 08273860 bus:Director1 2025-02-28 08273860 bus:Director2 2025-02-28 08273860 2024-02-29 08273860 core:CurrentFinancialInstruments 2025-02-28 08273860 core:CurrentFinancialInstruments 2024-02-29 08273860 core:ShareCapital 2025-02-28 08273860 core:ShareCapital 2024-02-29 08273860 core:RetainedEarningsAccumulatedLosses 2025-02-28 08273860 core:RetainedEarningsAccumulatedLosses 2024-02-29 08273860 core:OfficeEquipment 2024-02-29 08273860 core:OfficeEquipment 2025-02-28 08273860 bus:OrdinaryShareClass1 2025-02-28 08273860 bus:OrdinaryShareClass2 2025-02-28 08273860 bus:OrdinaryShareClass3 2025-02-28 08273860 2024-03-01 2025-02-28 08273860 bus:FilletedAccounts 2024-03-01 2025-02-28 08273860 bus:SmallEntities 2024-03-01 2025-02-28 08273860 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 08273860 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08273860 bus:Director1 2024-03-01 2025-02-28 08273860 bus:Director2 2024-03-01 2025-02-28 08273860 core:OfficeEquipment 2024-03-01 2025-02-28 08273860 2023-03-01 2024-02-29 08273860 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 08273860 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 08273860 bus:OrdinaryShareClass2 2024-03-01 2025-02-28 08273860 bus:OrdinaryShareClass2 2023-03-01 2024-02-29 08273860 bus:OrdinaryShareClass3 2024-03-01 2025-02-28 08273860 bus:OrdinaryShareClass3 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08273860 (England and Wales)

DUDLEY PROJECTS PARTNERSHIP LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

DUDLEY PROJECTS PARTNERSHIP LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

DUDLEY PROJECTS PARTNERSHIP LIMITED

STATEMENT OF FINANCIAL POSITION

As at 28 February 2025
DUDLEY PROJECTS PARTNERSHIP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 8,321 8,106
8,321 8,106
Current assets
Debtors 4 138,692 116,342
Cash at bank and in hand 14,956 36,538
153,648 152,880
Creditors: amounts falling due within one year 5 ( 46,007) ( 42,438)
Net current assets 107,641 110,442
Total assets less current liabilities 115,962 118,548
Provision for liabilities ( 2,080) ( 2,027)
Net assets 113,882 116,521
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 113,880 116,519
Total shareholders' funds 113,882 116,521

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dudley Projects Partnership Limited (registered number: 08273860) were approved and authorised for issue by the Board of Directors on 08 May 2025. They were signed on its behalf by:

Bartholomew Dudley
Director
DUDLEY PROJECTS PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
DUDLEY PROJECTS PARTNERSHIP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dudley Projects Partnership Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Chapel House, East Allington, Totnes, TQ9 7QT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 March 2024 20,926 20,926
Additions 1,416 1,416
At 28 February 2025 22,342 22,342
Accumulated depreciation
At 01 March 2024 12,820 12,820
Charge for the financial year 1,201 1,201
At 28 February 2025 14,021 14,021
Net book value
At 28 February 2025 8,321 8,321
At 29 February 2024 8,106 8,106

4. Debtors

2025 2024
£ £
Trade debtors 41,886 22,620
Other debtors 96,806 93,722
138,692 116,342

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 235 178
Accruals 2,499 2,300
Taxation and social security 42,243 38,611
Other creditors 1,030 1,349
46,007 42,438

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
140 Ordinary shares of £ 0.01 each 1.40 1.40
30 B ordinary shares of £ 0.01 each 0.30 0.30
30 C ordinary shares of £ 0.01 each 0.30 0.30
2.00 2.00

7. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Amounts owed by/(to) the directors 96,641 93,722

Interest is charged at 2.25% on overdrawn balances and there is no fixed date for repayment.