Dorchester Gardens (Worthing) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01330392

DORCHESTER GARDENS (WORTHING) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 January 2025

DORCHESTER GARDENS (WORTHING) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st JANUARY 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

DORCHESTER GARDENS (WORTHING) LIMITED

STATEMENT OF FINANCIAL POSITION

31 January 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Freehold reversions	6		135,000		165,000

CURRENT ASSETS

Debtors	7	223	643
Cash at bank and in hand		252	135,314
		----	----------
		475	135,957

CREDITORS: amounts falling due within one year	8	1,283		12,001
		-------		----------
NET CURRENT (LIABILITIES)/ASSETS			( 808)		123,956
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			134,192		288,956

PROVISIONS

Taxation including deferred tax	25,650	31,350
	----------	----------
NET ASSETS	108,542	257,606
	----------	----------

CAPITAL AND RESERVES

Called up share capital	11	100	100
Non distributable reserves		99,998	124,298
Profit and loss account		8,444	133,208
		----------	----------
SHAREHOLDERS FUNDS		108,542	257,606
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

DORCHESTER GARDENS (WORTHING) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 29 October 2025 , and are signed on behalf of the board by:

D. L. Fitness
Director

Company registration number: 01330392

DORCHESTER GARDENS (WORTHING) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st JANUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Little Owl Farm, Peacocks Lane, Goose Green, Pulborough, RH20 2LS, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.

Revenue recognition

The turnover shown in the income statement represents ground rents receivable in the year.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer equipment	-	33 % straight line

Freehold reversions

Freehold reversions are initially recorded at cost, which includes purchase price and any directly attributable expenditure.

The freehold reversions are then revalued to their 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 a freehold reversion, 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.

The freehold reversions are not depreciated.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. TANGIBLE ASSETS

	Computer equipment
	£
Cost
At 1st February 2024	723
Disposals	( 723)
	----
At 31st January 2025	–
	----
Depreciation
At 1st February 2024	723
Disposals	( 723)
	----
At 31st January 2025	–
	----
Carrying amount
At 31st January 2025	–
	----
At 31st January 2024	–
	----

6. FREEHOLD REVERSIONS

	Freehold reversions
	£
Cost
At 1st February 2024 and 31st January 2025	445,000
	----------
Impairment
At 1st February 2024	280,000
Movements in market value	30,000
	----------
At 31st January 2025	310,000
	----------

Carrying amount
At 31st January 2025	135,000
	----------
At 31st January 2024	165,000
	----------

Freehold reversions are included in the financial statements at open market value following an assessment by a Chartered Surveyor.

7. DEBTORS

	2025	2024
	£	£
Ground rents in arrears	223	643
	----	----

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Accruals	1,104	1,758
Corporation tax	–	9,645
Director loan accounts	179	69
Other creditors	–	529
	-------	---------
	1,283	12,001
	-------	---------

9. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	25,650	31,350
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Fair value adjustment of freehold reversions	25,650	31,350
	---------	---------

10. ANALYSIS OF OTHER COMPREHENSIVE INCOME

	Non distributable reserves
	£
Year ended 31st January 2025
Movement in fair value of freehold reversions	(30,000)
Deferred tax adjustment on fair value movements	5,700
	---------
	( 24,300)
	---------

Year ended 31st January 2024
Movement in fair value of freehold reversions	(85,000)
Deferred tax adjustment on fair value movements	16,150
	---------
	( 68,850)
	---------

DORCHESTER GARDENS (WORTHING) LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31st JANUARY 2025

11. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

12. RELATED PARTY TRANSACTIONS

Dorchester Gardens Freehold (Worthing) Limited is a holding company that owns 100% of the issued share capital of Dorchester Gardens (Worthing) Limited. D. L. Fitness , the director of Dorchester Gardens Freehold (Worthing) Limited is also the director of Dorchester Gardens (Worthing) Limited. During the year dividends amounting to £119,956 were payable to Dorchester Gardens Freehold (Worthing) Limited by Dorchester Gardens (Worthing) Limited. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.