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REGISTERED NUMBER: 13212144 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

DAMPCO PROPERTIES LTD

DAMPCO PROPERTIES LTD (REGISTERED NUMBER: 13212144)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAMPCO PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: Mr J Linley-Shaw
Mr M P Bird



REGISTERED OFFICE: Unit 14a, Torbay Trading Estate
New Road
Brixham
Devon
TQ5 8NF



REGISTERED NUMBER: 13212144 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Barclays
6/8 Palace Avenue
Paignton
Devon
TQ3 3ET

DAMPCO PROPERTIES LTD (REGISTERED NUMBER: 13212144)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,675 1,970
Investment property 5 226,584 226,584
228,259 228,554

CURRENT ASSETS
Debtors 6 1,049 794
Cash at bank 313 2,112
1,362 2,906
CREDITORS
Amounts falling due within one year 7 97,929 98,635
NET CURRENT LIABILITIES (96,567 ) (95,729 )
TOTAL ASSETS LESS CURRENT LIABILITIES 131,692 132,825

CREDITORS
Amounts falling due after more than one
year

8

152,250

152,250
NET LIABILITIES (20,558 ) (19,425 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,658 ) (19,525 )
SHAREHOLDERS' FUNDS (20,558 ) (19,425 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

DAMPCO PROPERTIES LTD (REGISTERED NUMBER: 13212144)

BALANCE SHEET - continued
28 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:




Mr J Linley-Shaw - Director



Mr M P Bird - Director


DAMPCO PROPERTIES LTD (REGISTERED NUMBER: 13212144)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Dampco Properties Ltd 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.

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 historical cost convention.

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 each asset over its estimated useful life.
Fixtures and fittings - 15% 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.

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

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.

Going concern
The company meets its day to day working capital requirements by extending it's creditor terms and will continue to do so without the need of a bank overdraft facility.

The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. However, the Director is confident that the company will trade out of its current difficulties, and this is supported by representations by the company's Director.

DAMPCO PROPERTIES LTD (REGISTERED NUMBER: 13212144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 29 February 2024
and 28 February 2025 3,208
DEPRECIATION
At 29 February 2024 1,238
Charge for year 295
At 28 February 2025 1,533
NET BOOK VALUE
At 28 February 2025 1,675
At 28 February 2024 1,970

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 February 2024
and 28 February 2025 226,584
NET BOOK VALUE
At 28 February 2025 226,584
At 28 February 2024 226,584

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 100 100
Prepayments 949 694
1,049 794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed to associates 96,101 94,301
Accruals and deferred income - 2,870
Accrued expenses 1,828 1,464
97,929 98,635

DAMPCO PROPERTIES LTD (REGISTERED NUMBER: 13212144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans more 5 yr by instal 152,250 152,250

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 152,250 152,250

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 152,250 152,250

Landbay Partners Limited holds a fixed charge over the company's investment property at 55 Lake Street, Dartmouth, TQ6 9DS.

10. RELATED PARTY DISCLOSURES

During the year the company borrowed £1,800 (2024: £2,500) from Dampco Ltd, a company Mr M Bird and Mr J Linley Shaw (Directors) are also Directors. At the year end the company owed £96,101 (2024: £94,301) to Dampco Ltd. The loan is unsecured, interest free and repayable on demand.