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COMPANY REGISTRATION NUMBER: 02229666
Dyson Place Limited
Filleted Unaudited Financial Statements
31 August 2024
Dyson Place Limited
Financial Statements
Year ended 31 August 2024
Contents
Pages
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3 to 4
Dyson Place Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Dyson Place Limited
Year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dyson Place Limited for the year ended 31 August 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Dyson Place Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Dyson Place Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dyson Place Limited and its director for our work or for this report.
It is your duty to ensure that Dyson Place Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dyson Place Limited. You consider that Dyson Place Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Dyson Place Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES Chartered accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
28 May 2025
Dyson Place Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Current assets
Debtors
4
1,000
1,000
Cash at bank and in hand
8,078
8,078
-------
-------
9,078
9,078
Creditors: amounts falling due within one year
5
11,052
11,052
--------
--------
Net current liabilities
1,974
1,974
-------
-------
Total assets less current liabilities
( 1,974)
( 1,974)
-------
-------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 1,976)
( 1,976)
-------
-------
Shareholders deficit
( 1,974)
( 1,974)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 May 2025 , and are signed on behalf of the board by:
Mr M D Flowers
Director
Company registration number: 02229666
Dyson Place Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Gordon Road, Sheffield, S11 8XY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director acknowledges that there is a net current liabilities position at the year end date. However the director has the means to support the company to meet its liabilities as they fall due. It is therefore considered that the continued adoption of the going concern basis is appropriate in preparing the financial statements.
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. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2024
2023
£
£
Other debtors
1,000
1,000
-------
-------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,292
7,292
Amounts owed to group undertakings and undertakings in which the company has a participating interest
3,554
3,554
Other creditors
206
206
--------
--------
11,052
11,052
--------
--------
6. Related party transactions
Included within creditors at the year end date are loan amounts owed by Dyson Place Limited to its parent company, in the sum of £3,554 (2023: £3,554). The loan is not subject to any formal repayment terms and neither is any interest chargeable.
7. Controlling party
The parent company is Metropolitan Homes Limited, a company incorporated in England and Wales. The registered office address of the parent company is 25 Stewart Road, Sheffield, S11 8XS. The group structure headed by Metropolitan Homes Limited qualifies as a small group, and therefore the parent company is not required to prepare consolidated financial statements. The ultimate controlling parties are Mr M D Flowers and Mrs W M Flowers.