REGISTERED NUMBER: 13493802 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Dollarbeg Property Rentals Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

P D Mulhern

Mrs A Mulhern

M N Mulhern

REGISTERED OFFICE:

2 Hallgarth

Pickering

North Yorkshire

YO18 7AW

REGISTERED NUMBER:

13493802 (England and Wales)

ACCOUNTANTS:

Hallgarth Accountants Ltd

2 Hallgarth

Pickering

North Yorkshire

YO18 7AW

FIXED ASSETS

Tangible assets

4

29,424

34,617

Investment property

5

443,831

443,831

473,255

478,448

CURRENT ASSETS

Stocks

550

516

Debtors

6

12,946

2,157

Cash at bank

2,133

6,636

15,629

9,309

CREDITORS

Amounts falling due within one year

7

6,982

13,539

NET CURRENT ASSETS/(LIABILITIES)

8,647

(4,230

)

TOTAL ASSETS LESS CURRENT LIABILITIES

481,902

474,218

CREDITORS

Amounts falling due after more than one year

8

(470,289

)

(470,289

)

PROVISIONS FOR LIABILITIES

(5,885

)

(6,577

)

NET ASSETS/(LIABILITIES)

5,728

(2,648

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

5,726

(2,650

)

5,728

(2,648

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 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 30 May 2025 and were signed on its behalf by:

P D Mulhern - Director

1.	STATUTORY INFORMATION

Dollarbeg Property Rentals 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.

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. The directors consider that the value of the property at the year end is not materially different from cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

45,728

DEPRECIATION

At 1 January 2024

11,111

Charge for year

5,193

At 31 December 2024

16,304

NET BOOK VALUE

At 31 December 2024

29,424

At 31 December 2023

34,617

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

443,831

NET BOOK VALUE

At 31 December 2024

443,831

At 31 December 2023

443,831

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

3,046

2,157

Other debtors

9,900

-

12,946

2,157

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

6,982

13,539

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

260,289

260,289

Other creditors

210,000

210,000

470,289

470,289

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

260,289

260,289

Other loans more 5yrs non-inst

210,000

210,000

470,289

470,289

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

260,289

260,289

Bath Building Society hold a legal charge over the property of 7 The Mansion House, Dollar

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

P D Mulhern

Balance outstanding at start of year

(14

)

(14

)

Amounts advanced

9,900

-

Amounts repaid

14

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,900

(14

)

At 31.12.24, an amount of £9900 was owed by a director to the Company. The full amount of £9900 was re-imbursed to the Company within 9 months of the year end.

11.	RELATED PARTY DISCLOSURES

As at 31st December 2024, the company owed Catholic Gift Shop Ltd £210,000 (2023: £210,000). Interest is charged annually at a rate of 2.0%, and the loan is for 20 years. Capital can be repayable any time on demand.

Catholic Gift Shop Ltd and Dollarbeg Property Rentals Ltd are companies with the same controlling parties.

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 Dollarbeg Property Rentals Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, 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 Dollarbeg Property Rentals Limited, 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 Dollarbeg Property Rentals Limited and state those matters that we have agreed to state to the Board of Directors of Dollarbeg Property Rentals Limited, 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 Dollarbeg Property Rentals Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dollarbeg Property Rentals 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 Dollarbeg Property Rentals Limited. You consider that Dollarbeg Property Rentals 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 Dollarbeg Property Rentals 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.

Hallgarth Accountants Ltd

2 Hallgarth

Pickering

North Yorkshire

YO18 7AW

30 May 2025