1 March 2024 false No description of principal activity Taxfiler 2024.6 11805551 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11805551 2024-02-29 11805551 2024-03-01 2025-02-28 11805551 business:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 11805551 business:FilletedAccounts 2024-03-01 2025-02-28 11805551 2025-02-28 11805551 business:Director1 2024-03-01 2025-02-28 11805551 business:Director2 2024-03-01 2025-02-28 11805551 business:RegisteredOffice 2024-03-01 2025-02-28 11805551 2024-02-29 11805551 core:WithinOneYear 2025-02-28 11805551 core:WithinOneYear 2024-02-29 11805551 core:AfterOneYear 2025-02-28 11805551 core:AfterOneYear 2024-02-29 11805551 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 11805551 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 11805551 core:InvestmentPropertiesRevaluationReserve core:PreviouslyStatedAmount 2025-02-28 11805551 core:InvestmentPropertiesRevaluationReserve core:PreviouslyStatedAmount 2024-02-29 11805551 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 11805551 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 11805551 core:PreviouslyStatedAmount 2025-02-28 11805551 core:PreviouslyStatedAmount 2024-02-29 11805551 business:SmallEntities 2024-03-01 2025-02-28 11805551 countries:EnglandWales 2024-03-01 2025-02-28 11805551 core:FurnitureFittings 2024-03-01 2025-02-28 11805551 core:ComputerEquipment 2024-03-01 2025-02-28 11805551 core:FurnitureFittings 2024-02-29 11805551 core:ComputerEquipment 2024-02-29 11805551 core:FurnitureFittings 2025-02-28 11805551 core:ComputerEquipment 2025-02-28 11805551 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 11805551 (England and Wales)
Dalton Management Ltd Unaudited accounts for the year ended 28 February 2025
Dalton Management Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Dalton Management Ltd Company Information for the year ended 28 February 2025
Directors
H V Dalton A J S Spooner
Company Number
11805551 (England and Wales)
Registered Office
24 Primrose Walk Warminster BA12 8RL United Kingdom
Accountants
Austin, Taylor Limited 16 Dover Street Canterbury Kent CT1 3HD
- 3 -
Dalton Management Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
374
368
Investment property
5
248,000
246,000
248,374
246,368
Current assets
Debtors
6
6,255
4,575
Cash at bank and in hand
2,193
1,784
8,448
6,359
Creditors: amounts falling due within one year
7
(17,231)
(21,810)
Net current liabilities
(8,783)
(15,451)
Total assets less current liabilities
239,591
230,917
Creditors: amounts falling due after more than one year
8
(177,016)
(181,013)
Provisions for liabilities
Deferred tax
(9,215)
(8,894)
Net assets
53,360
41,010
Capital and reserves
Called up share capital
100
100
Fair value reserve
48,000
-
Profit and loss account
5,260
40,910
Shareholders' funds
53,360
41,010
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
H V Dalton Director Company Registration No. 11805551
- 4 -
Dalton Management Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Dalton Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 11805551. The registered office is 24 Primrose Walk, Warminster, BA12 8RL, United Kingdom.
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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% On Cost
Computer equipment
25% On Cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
- 5 -
Dalton Management Ltd Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
2,840
-
2,840
Additions
-
498
498
At 28 February 2025
2,840
498
3,338
Depreciation
At 1 March 2024
2,472
-
2,472
Charge for the year
368
124
492
At 28 February 2025
2,840
124
2,964
Net book value
At 28 February 2025
-
374
374
At 29 February 2024
368
-
368
5
Investment property
2025
£
Fair value at 1 March 2024
246,000
Net gain from fair value adjustments
2,000
At 28 February 2025
248,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
6,255
4,575
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,000
4,000
Taxes and social security
730
-
Other creditors
6,255
4,575
Loans from directors
5,412
11,288
Accruals
834
1,947
17,231
21,810
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
177,016
181,013
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 6 -