Company Registration No.01113477 (England and Wales)
DUNDENES LIMITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
Riordan O'Sullivan & Co
Chartered Certified Accountants and Statutory Auditors
40 Chamberlayne Road
London
NW10 3JE
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COMPANY INFORMATION
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Second Floor, 184 Shepherds Bush Road
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Chartered Certified Accountants and Statutory Auditors
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Prince Evans Solicitors LLP
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CONTENTS
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Notes to the Financial Statements
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DUNDENES LIMITED
REGISTERED NUMBER:01113477
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BALANCE SHEET
AS AT 31 DECEMBER 2024
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Current asset investments
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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DUNDENES LIMITED
REGISTERED NUMBER:01113477
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BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 June 2025.
___________________________
Tara Ghosh
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Dundenes Limited is a private company limited by shares incorporated in England and Wales. The registered office is Second Floor, 184 Shepherds Bush Road, London, United Kingdom, W6 7NL.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company.
The company is entitled to the exemption under Section 400 of the Companies Act 2006 from the obligation to prepare group accounts.
The following principal accounting policies have been applied:
Turnover represents the total invoice value of rent receivable during the year.
Interest income is recognised in profit or loss using the effective interest method.
The company operates a defined contribution plan for its employees. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Amounts not paid are shown in creditors as a liability in the balance sheet.
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Current and deferred taxation
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Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Investment properties, which are properties held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
Investments in subsidiaries are measured at cost less accumulated impairment.
Loans receivable are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash at bank and in hand 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.
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Fees payable for audit services
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The average monthly number of employees, including directors, during the year was 5 (2023 - 4).
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Investments in subsidiary companies
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Freehold investment property
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At the balance sheet date, the directors consider the carrying amounts of the investment properties to be approximate to their fair value.
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Amounts owed by related undertakings
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The amounts owed by related undertakings are unsecured, interest-free and repayable on demand.
Included within other debtors is an amount of £104,000 (2023 - £Nil) due from a director.
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Current asset investments
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Classic commercial vehicles
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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The amounts owed to group undertakings are unsecured, interest-free and payable on demand.
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Reversal of deferred tax on disposal of investment property
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The provision for deferred taxation is made up as follows:
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Revaluation of investment properties
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Authorised, allotted, called up and fully paid
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251 Ordinary shares shares of £1 each
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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At the beginning of the year
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Disposal of investment property
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Reversal of deferred tax on disposal of investment property
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The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,482 (2023 - £2,604). Contributions totalling £69 (2023 - £373) were payable to the fund at the balance sheet date and are included in creditors.
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Related party transactions
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During the year the company advanced sums amounting to £150,000 to directors on aggregate which was the maximum outstanding in the year. The loan is unsecured, interest-free and repayable on demand.
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Post balance sheet events
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There were no events since the year end which materially affected the company.
The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed on 25 June 2025 by Kumar Perumal (Senior Statutory Auditor) on behalf of Riordan O'Sullivan & Co.
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