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Company Registration No. 10607870 (England and Wales)
Dovison Properties Limited Unaudited accounts for the year ended 31 March 2025
Dovison Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Dovison Properties Limited Company Information for the year ended 31 March 2025
Director
Edward Dovison
Company Number
10607870 (England and Wales)
Registered Office
2 Foxearth Leek Road Werrington Stoke-on-Trent Staffordshire ST9 0DG England
Accountants
Omega Accounting Ltd
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Dovison Properties Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
345,000
330,000
Current assets
Debtors
5
686
686
Cash at bank and in hand
6,629
5,148
7,315
5,834
Creditors: amounts falling due within one year
6
(5,358)
(4,726)
Net current assets
1,957
1,108
Total assets less current liabilities
346,957
331,108
Creditors: amounts falling due after more than one year
7
(227,424)
(240,405)
Provisions for liabilities
Deferred tax
(13,810)
(10,960)
Net assets
105,723
79,743
Capital and reserves
Called up share capital
100
100
Fair value reserve
60,170
48,020
Profit and loss account
45,453
31,623
Shareholders' funds
105,723
79,743
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2025 and were signed on its behalf by
Edward Dovison Director Company Registration No. 10607870
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Dovison Properties Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Dovison Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10607870. The registered office is 2 Foxearth, Leek Road, Werrington, Stoke-on-Trent, Staffordshire, ST9 0DG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. (a) Critical accounting estimates and assumptions The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. (i) Valuation of investment property As described in the notes to the financial statements, the investment properties are stated in the balance sheet at fair value, based on the valuation performed by the director. The director is of the opinion that the year-end valuation is not materially different to current market prices observed.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Dovison Properties Limited Notes to the Accounts for the year ended 31 March 2025
Investment property
Investment properly is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2025
£
Fair value at 1 April 2024
330,000
Net gain from fair value adjustments
15,000
At 31 March 2025
345,000
Investment properties have been recognised at fair value by the director and they are of the opinion that there has been no material change since 31 March 2025. In respect of tangible assets held at valuation, the aggregate cost, depreciation and carrying amount that would have been recognised if the assets had been carried under the historical cost model are: Aggregate cost £271,020 (2024: £271,020), Aggregate depreciation £nil (2024: £nil) and carrying value £271,020 (2024: £271,020).
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
686
686
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,047
997
Taxes and social security
3,361
2,779
Other creditors
950
950
5,358
4,726
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Dovison Properties Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
142,782
143,823
Other creditors
84,642
96,582
227,424
240,405
Aggregate of amounts that fall due for payment after five years
36,640
37,908
The company's loans are secured via charges dated 30 April 2021 and 17 June 2022 over the investment properties.
8
Transactions with related parties
Transactions with directors are under normal market conditions and/or not material.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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