Dwell Here Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04295272 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DWELL HERE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DIRECTORS:

Mr N R Patel

Mrs A Patel

SECRETARY:

Mr N R Patel

REGISTERED OFFICE:

Solar House

282 Chase Road

Southgate

London

N14 6NZ

REGISTERED NUMBER:

04295272 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

3,978,524

3,988,032

Investments

6

50

3,978,574

3,988,082

CURRENT ASSETS

Debtors

7

312,648

203,525

Cash at bank and in hand

50,811

114,883

363,459

318,408

CREDITORS

Amounts falling due within one year

8

276,089

156,766

NET CURRENT ASSETS

87,370

161,642

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,065,944

4,149,724

CREDITORS

Amounts falling due after more than one
year

9

1,729,273

1,857,802

NET ASSETS

2,336,671

2,291,922

CAPITAL AND RESERVES

Called up share capital

11

90

Revaluation reserve

12

1,208,147

Retained earnings

1,128,434

1,083,685

SHAREHOLDERS' FUNDS

2,336,671

2,291,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr N R Patel - Director

1.	STATUTORY INFORMATION

Dwell Here 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents hotel room bookings and restaurant sales stated after trade discounts, other sales taxes and net of VAT.

Restaurant sales are recognised at the date the service was provided. Hotel room bookings are recognised at the date the reservation occurred.

Rent received

Rents received represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to property

-

not provided

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Depreciation of property and improvements

The freehold property is maintained on a regular basis. The directors therefore do not provide depreciation on the property or the relative improvements as they believe that the value is maintained. This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary as current value and changes in current value is of prime importance rather than the calculation of systematic annual depreciation.

The property is included in the balance sheet at it's current fair value. Valuations are carried out frequently. The surplus or deficit on revaluation is transferred to the revaluation reserve. Depreciation is therefore not provided on these assets.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

240,000

AMORTISATION

At 1 April 2024

and 31 March 2025

240,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

fittings

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

2,152,498

1,797,502

743,793

DEPRECIATION

At 1 April 2024

-

707,071

Charge for year

-

9,181

At 31 March 2025

-

716,252

NET BOOK VALUE

At 31 March 2025

2,152,498

1,797,502

27,541

At 31 March 2024

2,152,498

1,797,502

36,722

Motor

Computer

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

9,000

33,074

4,735,867

DEPRECIATION

At 1 April 2024

8,695

32,069

747,835

Charge for year

76

251

9,508

At 31 March 2025

8,771

32,320

757,343

NET BOOK VALUE

At 31 March 2025

229

754

3,978,524

At 31 March 2024

305

1,005

3,988,032

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

50

NET BOOK VALUE

At 31 March 2025

50

At 31 March 2024

50

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amount owed by related company

309,019

200,019

Prepayments and accrued income

3,629

3,506

312,648

203,525

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

131,885

121,025

Trade creditors

444

294

Tax

14,151

8,597

Social security and other taxes

1,454

1,558

Net wages payable

4,246

4,045

VAT

3,743

6,668

Directors' current accounts

103,841

269

Deferred income

15,000

12,500

Accrued expenses

1,325

1,810

276,089

156,766

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

131,885

121,025

Bank loans - 2-5 years

395,655

363,074

Bank loans more than 5 years

1,201,733

1,373,703

1,729,273

1,857,802

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

1,201,733

1,373,703

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

1,861,158

1,978,827

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

90

Ordinary

£1

90

12.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

1,208,147