Registered number
14007416
Dorsett Ride Property Ltd
Filleted Accounts
31 March 2025

Dorsett Ride Property Ltd
Registered number: | 14007416
Balance Sheet
as at 31 March 2025
|  |  |  |  |  |  | Restated
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Investment Properties | 3 |  |  | 458,807 |  |  | 458,807
Current assets
Cash at bank and in hand |  |  | 15,700 |  |  | 9,953
Creditors: amounts falling due within one year | 4 |  | (136,152) |  |  | (135,883)
Net current liabilities |  |  |  | (120,452) |  |  | (125,930)
Total assets less current liabilities |  |  |  | 338,355 |  |  | 332,877
Creditors: amounts falling due after more than one year | 5 |  |  | (328,662) |  |  | (328,662)
Net assets |  |  |  | 9,693 |  |  | 4,215
Capital and reserves
Called up share capital |  |  |  | 2 |  |  | 2
Profit and loss account |  |  |  | 9,691 |  |  | 4,213
Shareholders' funds |  |  |  | 9,693 |  |  | 4,215
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Ride
Director
Approved by the board on 28 November 2025

Dorsett Ride Property Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover represents rental income received in the period.
| Investment property
| Investment properties are shown at their most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold buildings | over 50 years
| Leasehold land and buildings | over the lease term
| Plant and machinery | over 5 years
| Fixtures, fittings, tools and equipment | over 5 years
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| Financial Instruments
| The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.
| (i) Financial assets
| Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest.
| Such assets are subsequently carried at amortised cost using the effective interest method.
| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the profit and loss.
| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or settled, or (b) substantially all the risks and rewards of the ownwership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
| (ii) Financial liabilities
| Basic financial liabilities, including trade and other payables, bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
| Financial Instruments (continued)
| Debt instruments are subsequently carried at amortised cost, using the effective rate of interest method.
| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
| Derivatives, including interest rate swaps and forward foreign currency exchange contracts are not basic financial instruments.
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Significant estimates and assumptions are made in particular with regard to the revaluation of investment properties by the directors and external valuers.
| Reduced disclosure exemptions
| The company has taken advantage of the following disclosure exemption on preparing these financial statements as permitted by FRS102:
| the requirements of Section 7 Statement of Cash Flows
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Investment Properties
|  |  |  |  |  |  |  | Land and buildings
£
| Valuation
| At 1 April 2024 | 458,807
| At 31 March 2025 | 458,807
| Depreciation
| At 31 March 2025 | -
| Net book value
| At 31 March 2025 | 458,807
| At 31 March 2024 | 458,807
| The directors have valued the property based on open market value at 31st March 2024 which they consider approximates to the original cost.
| Investment properties: | 2025 |  | 2024
£ | £
| Historical cost | 458,807 |  | 458,807
| Cumulative depreciation based on historical cost | - |  | -
|  |  |  |  |  | 458,807 |  | 458,807
4 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Director's Loan | 133,762 |  | 133,322
| Taxation and social security costs | 1,520 |  | 1,456
| Accruals | 870 |  | 1,105
|  |  |  |  |  | 136,152 |  | 135,883
5 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 328,662 |  | 328,662
6 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Instalments falling due for payment after more than five years | 328,662 |  | 328,662
| Secured mortgages | 328,662 |  | 328,662
| A first charge exists over the properties held.
8 | Share Capital | Nominal |  | 2025 |  | 2025 |  | 2024
value | Number | £ | £
| Allotted, called up and fully paid:
| Ordinary A Shares | £1 each |  | 1 |  | 1 |  | 1
| Ordinary B shares | £1 each |  | 1 |  | 1 |  | 1
|  |  |  |  |  | 2 |  | 2
9 | Retained earnings
| The split of retained earnings between distributable and non distributable is as follows:
Non
Distributable | -distributable | Total
£ | £ | £
| At 1 April | 4,213 |  |  |  | 4,213
| Profit for the financial year | 6,478 |  |  |  | 6,478
| Property revaluation movement | - |  | - |  | -
| Release on disposal | -
| Property revaluation deferred tax | - |  | - |  | -
| Dividends | (2,000) |  | - |  | (2,000)
| Deferred tax on interest rate swap | - |  |  |  | -
| At 31 March | 8,691 |  | - |  | 8,691
7 | Controlling party
| L Dorsett and C Ride are considered to be the controlling parties by virtue of their directorship and shareholding.
11 | Legal form of entity and country of incorporation
| Dorsett Ride Property Ltd is a private company limited by shares and incorporated in England.
12 | Presentation Currency
| The financial statements are presented in sterling.
8 | Other information
| Dorsett Ride Property Ltd is a private company limited by shares and incorporated in England. It's registered office is:
| 28 Homefield Road
| Walton-On-Thames
| Surrey
| KT12 3RD

Dorsett Ride Property Ltd 14007416 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2024 C Ride No description of principal activity 14007416 2023-04-01 2024-03-31 14007416 core:WithinOneYear 2024-03-31 14007416 core:AfterOneYear 2024-03-31 14007416 core:ShareCapital 2024-03-31 14007416 core:RetainedEarningsAccumulatedLosses 2024-03-31 14007416 2024-04-01 2025-03-31 14007416 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14007416 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14007416 bus:Director40 2024-04-01 2025-03-31 14007416 1 2024-04-01 2025-03-31 14007416 2 2024-04-01 2025-03-31 14007416 countries:England 2024-04-01 2025-03-31 14007416 bus:FRS102 2024-04-01 2025-03-31 14007416 bus:FilletedAccounts 2024-04-01 2025-03-31 14007416 2025-03-31 14007416 core:WithinOneYear 2025-03-31 14007416 core:AfterOneYear 2025-03-31 14007416 core:ShareCapital 2025-03-31 14007416 core:RetainedEarningsAccumulatedLosses 2025-03-31 14007416 core:LandBuildings 2025-03-31 14007416 2024-03-31 14007416 core:LandBuildings 2024-03-31 iso4217:GBP xbrli:pure