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REGISTERED NUMBER: 04566197 (England and Wales)















DOLPHIN LAND LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






DOLPHIN LAND LTD (REGISTERED NUMBER: 04566197)

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

DOLPHIN LAND LTD

COMPANY INFORMATION
for the year ended 31 March 2025







Directors: R A Fry
R Sancroft-Baker





Secretary: E K Szczepaniak





Registered office: 140 Tachbrook Street
London
SW1V 2NE





Registered number: 04566197 (England and Wales)





Accountants: JPS Accountancy Limited
Chartered Accountants
Thorncroft Manor
Thorncroft Drive
Leatherhead
Surrey
KT22 8JB

DOLPHIN LAND LTD (REGISTERED NUMBER: 04566197)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Investments 4 2 2
Investment property 5 3,263,500 3,005,000
3,263,502 3,005,002

CURRENT ASSETS
Debtors 6 578,490 455,062
Cash at bank 49,266 45,748
627,756 500,810
CREDITORS
Amounts falling due within one year 7 (1,380,393 ) (1,248,423 )
NET CURRENT LIABILITIES (752,637 ) (747,613 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,510,865 2,257,389

CREDITORS
Amounts falling due after more than one year 8 (885,172 ) (957,600 )

PROVISIONS FOR LIABILITIES (118,652 ) (85,383 )
NET ASSETS 1,507,041 1,214,406

DOLPHIN LAND LTD (REGISTERED NUMBER: 04566197)

BALANCE SHEET - continued
31 March 2025

2025 2024
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 1,223,819 998,588
Retained earnings 283,122 215,718
1,507,041 1,214,406

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 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:





R A Fry - Director


DOLPHIN LAND LTD (REGISTERED NUMBER: 04566197)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025


1. STATUTORY INFORMATION

Dolphin Land 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention unless otherwise stated below.

At the balance sheet date the company reported a net asset position of £1,507,041 but a net current liabilities position of £752,637. Within current liabilities are directors' and related party loan balances amounting to £1,063,063. The directors have confirmed they will not call on their loans unless the company has sufficient surplus cash to repay them. Therefore the going concern basis is considered appropriate.

Turnover
Turnover relates to rents receivable from the letting of the company's freehold investment properties and is recognised on a straight line basis over the term of the tenancy. Other turnover is recognised at the fair value of the consideration received or receivable for service charges which is provided in the normal course of business and is shown net of VAT and other sales relates taxes.

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
Financial instruments are classified by directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any advanced financial instruments.

Taxation
Taxation for the year comprises current and deferred tax. 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.

DOLPHIN LAND LTD (REGISTERED NUMBER: 04566197)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments represent other participating interests in companies for which the company does not have a controlling interest. These are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. FIXED ASSET INVESTMENTS
Investments
in other
participating
interests
£   
Cost
At 1 April 2024
and 31 March 2025 2
Net book value
At 31 March 2025 2
At 31 March 2024 2

5. INVESTMENT PROPERTY
Total
£   
Cost or valuation
At 1 April 2024 3,005,000
Revaluations 258,500
At 31 March 2025 3,263,500
Net book value
At 31 March 2025 3,263,500
At 31 March 2024 3,005,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out internally by the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

DOLPHIN LAND LTD (REGISTERED NUMBER: 04566197)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


5. INVESTMENT PROPERTY - continued

Cost or valuation at 31 March 2025 is represented by:
£   
Valuation in 2025 1,342,471
Cost 1,921,029
3,263,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 89,989 75,031
Other debtors 488,501 380,031
578,490 455,062

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 79,371 75,543
Trade creditors 23,387 4,192
Taxation and social security 26,593 17,949
Other creditors 1,251,042 1,150,739
1,380,393 1,248,423

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 885,172 957,600

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 137,077 652,273

DOLPHIN LAND LTD (REGISTERED NUMBER: 04566197)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 964,543 1,033,143

Loans of £964,543 (2024: £1,033,143) included within bank loans and overdrafts are secured by fixed and floating charges over all assets of the company.

10. RESERVES
Fair
value
reserve
£   
At 1 April 2024 998,588
Fair value gain on investment 258,500
Deferred tax (33,269 )

At 31 March 2025 1,223,819

11. RELATED PARTY DISCLOSURES

As at 31 March 2025, there were amounts owed by related parties of £200,000 (2024: £200,000). There are no repayment terms and no interest is charged on the loan to the related party. This related party company is 33.33% owned by Dolphin Land Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DOLPHIN LAND LTD


The following reproduces the text of the report prepared for the directors 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 Directors 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 Dolphin Land Ltd for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet 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 Board of Directors of Dolphin Land Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dolphin Land Ltd and state those matters that we have agreed to state to the Board of Directors of Dolphin Land Ltd, as a body, 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 Dolphin Land Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dolphin Land Ltd 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 Dolphin Land Ltd. You consider that Dolphin Land Ltd 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 Dolphin Land Ltd. 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.






JPS Accountancy Limited
Chartered Accountants
Thorncroft Manor
Thorncroft Drive
Leatherhead
Surrey
KT22 8JB


20 August 2025