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REGISTERED NUMBER: 03469750 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DIMEPLACE LIMITED

DIMEPLACE LIMITED (REGISTERED NUMBER: 03469750)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

DIMEPLACE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTOR: D P Johnson





REGISTERED OFFICE: Spital Farm
Horsley
Newcastle Upon Tyne
Tyne and Wear
NE15 0NU





REGISTERED NUMBER: 03469750 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

DIMEPLACE LIMITED (REGISTERED NUMBER: 03469750)

BALANCE SHEET
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,362 10,813
Investment property 5 1,606,092 1,080,000
1,614,454 1,090,813

CURRENT ASSETS
Debtors 6 31,686 46,216
Cash at bank 51,955 385,343
83,641 431,559
CREDITORS
Amounts falling due within one year 7 160,886 64,739
NET CURRENT (LIABILITIES)/ASSETS (77,245 ) 366,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,537,209

1,457,633

PROVISIONS FOR LIABILITIES 2,091 2,703
NET ASSETS 1,535,118 1,454,930

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 277,971 277,971
Retained earnings 1,257,047 1,176,859
1,535,118 1,454,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DIMEPLACE LIMITED (REGISTERED NUMBER: 03469750)

BALANCE SHEET - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





D P Johnson - Director


DIMEPLACE LIMITED (REGISTERED NUMBER: 03469750)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Dimeplace 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.

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 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.

Turnover is recognised when it is probable that future economic benefits will flow to the company from its lease agreements and is measured as the fair value of consideration which the company expects to receive from those transactions.

Turnover represents rental income from operating leases and is recognised on a straight line basis over the term of the lease. Lease incentives which are granted are included as part of the net consideration for the use of the property leased and are also recognised on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost, 25% on cost and 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
Basic financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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.


DIMEPLACE LIMITED (REGISTERED NUMBER: 03469750)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


2. 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 149,223
Additions 333
At 31 March 2025 149,556
DEPRECIATION
At 1 April 2024 138,410
Charge for year 2,784
At 31 March 2025 141,194
NET BOOK VALUE
At 31 March 2025 8,362
At 31 March 2024 10,813

DIMEPLACE LIMITED (REGISTERED NUMBER: 03469750)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 1,182,413
Additions 526,092
At 31 March 2025 1,708,505
DEPRECIATION
At 1 April 2024
and 31 March 2025 102,413
NET BOOK VALUE
At 31 March 2025 1,606,092
At 31 March 2024 1,080,000

The director, being a qualified individual, has reviewed the fair values of the properties with regard to rental yield and the properties have been revalued accordingly.

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2014 6,864
Valuation in 2023 166,107
Cost 1,535,534
1,708,505

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 27,269 36,885
Other debtors 4,417 9,331
31,686 46,216

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Taxation and social security 36,007 32,688
Other creditors 124,879 32,051
160,886 64,739

DIMEPLACE LIMITED (REGISTERED NUMBER: 03469750)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


8. RESERVES
Revaluat-
ion
reserve
£   
At 1 April 2024
and 31 March 2025 277,971

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DIMEPLACE LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dimeplace Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Dimeplace Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dimeplace Limited and state those matters that we have agreed to state to the director of Dimeplace Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dimeplace Limited and its director for our work or for this report.

It is your duty to ensure that Dimeplace 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 Dimeplace Limited. You consider that Dimeplace 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 Dimeplace 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.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


24 July 2025