IRIS Accounts Production v25.4.0.155 10016254 director 1.3.24 28.2.25 28.2.25 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10016254 2024-02-29 10016254 2025-02-28 10016254 2024-03-01 2025-02-28 10016254 2023-08-31 10016254 2023-09-01 2024-02-29 10016254 2024-02-29 10016254 ns15:EnglandWales 2024-03-01 2025-02-28 10016254 ns14:PoundSterling 2024-03-01 2025-02-28 10016254 ns10:Director1 2024-03-01 2025-02-28 10016254 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10016254 ns10:SmallEntities 2024-03-01 2025-02-28 10016254 ns10:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 10016254 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 10016254 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10016254 ns10:AbridgedAccounts 2024-03-01 2025-02-28 10016254 ns10:RegisteredOffice 2024-03-01 2025-02-28 10016254 ns5:CurrentFinancialInstruments 2025-02-28 10016254 ns5:CurrentFinancialInstruments 2024-02-29 10016254 ns5:Non-currentFinancialInstruments 2025-02-28 10016254 ns5:Non-currentFinancialInstruments 2024-02-29 10016254 ns5:ShareCapital 2025-02-28 10016254 ns5:ShareCapital 2024-02-29 10016254 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-02-28 10016254 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-02-29 10016254 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 10016254 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 10016254 ns5:PlantMachinery 2024-03-01 2025-02-28 10016254 ns5:Secured 2025-02-28 10016254 ns5:Secured 2024-02-29 10016254 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-02-29

REGISTERED NUMBER: 10016254 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

New Dunn Properties Limited

| New Dunn Properties Limited (Registered number: 10016254) |

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Abridged Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

| New Dunn Properties Limited |

Company Information

for the Year Ended 28 February 2025

| DIRECTOR: | Mr J C Watkins

| REGISTERED OFFICE: | Main Estate Office

| New Dunn Business Park

| Sling

| Coleford

| Gloucestershire

| GL16 8JD

| REGISTERED NUMBER: | 10016254 (England and Wales)

| ACCOUNTANTS: | Macario Lewin

| Chartered Accountants

| Bellarmine House

| 14 Upper Church Street

| Chepstow

| Monmouthshire

| NP16 5EX

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

New Dunn Properties Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of New Dunn Properties Limited for the year ended 28 February 2025 which comprise the Profit and Loss Account, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of New Dunn Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of New Dunn Properties Limited and state those matters that we have agreed to state to the director of New Dunn Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than New Dunn Properties Limited and its director for our work or for this report.

It is your duty to ensure that New Dunn Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of New Dunn Properties Limited. You consider that New Dunn Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of New Dunn Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Macario Lewin

Chartered Accountants

Bellarmine House

14 Upper Church Street

Chepstow

Monmouthshire

NP16 5EX

13 February 2026

| New Dunn Properties Limited (Registered number: 10016254) |

Abridged Balance Sheet

28 February 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 100,426 |  | 27,096 |  |

Investment property | 5 | 3,155,000 |  | 2,675,000 |  |

3,255,426 |  | 2,702,096 |  |

CURRENT ASSETS

Stocks | 10,000 |  | - |  |

Debtors | 248,589 |  | 205,226 |  |

Cash at bank | 1,604 |  | 521 |  |

260,193 |  | 205,747 |  |

CREDITORS

Amounts falling due within one year | 2,329,099 |  | 2,116,445 |  |

NET CURRENT LIABILITIES | (2,068,906 | ) | (1,910,698 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,186,520 |  | 791,398 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (59,254 | ) | (27,434 | ) |

PROVISIONS FOR LIABILITIES | (227,823 | ) | (101,714 | ) |

NET ASSETS | 899,443 |  | 662,250 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 8 | 754,464 |  | 518,589 |  |

Retained earnings | 144,879 |  | 143,561 |  |

SHAREHOLDERS' FUNDS | 899,443 |  | 662,250 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| New Dunn Properties Limited (Registered number: 10016254) |

Abridged Balance Sheet - continued

28 February 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2026 and were signed by:

Mr J C Watkins - Director

| New Dunn Properties Limited (Registered number: 10016254) |

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| New Dunn Properties 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the right to the consideration is due and in line with contractual arrangements. Where rental income is received in advance, the amounts are recorded as deferred income and included as part of creditors due within one year.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 25% on reducing balance, 15% on reducing balance and over lease term

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| New Dunn Properties Limited (Registered number: 10016254) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 March 2024 | 74,116 |  |

| Additions | 92,687 |  |

| At 28 February 2025 | 166,803 |  |

| DEPRECIATION

| At 1 March 2024 | 47,020 |  |

| Charge for year | 19,357 |  |

| At 28 February 2025 | 66,377 |  |

| NET BOOK VALUE

| At 28 February 2025 | 100,426 |  |

| At 29 February 2024 | 27,096 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Totals

£ |

| COST

| Additions | 88,187 |  |

| At 28 February 2025 | 88,187 |  |

| DEPRECIATION

| Charge for year | 14,618 |  |

| At 28 February 2025 | 14,618 |  |

| NET BOOK VALUE

| At 28 February 2025 | 73,569 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 March 2024 | 2,675,000 |  |

| Additions | 124,753 |  |

| Revaluations | 355,247 |  |

| At 28 February 2025 | 3,155,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | 3,155,000 |  |

| At 29 February 2024 | 2,675,000 |  |

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2023 | 701,443 |  |

| Valuation in 2024 | (86,077 | ) |

| Valuation in 2025 | 355,246 |  |

| Cost | 2,184,388 |  |

3,155,000 |  |

| New Dunn Properties Limited (Registered number: 10016254) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

5. | INVESTMENT PROPERTY - continued

| The investment property was professionally valued in February 2025 by Bruton Knowles LLP and valued by the director at the year end on a fair value basis.

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |

| 28.2.25 |  | 29.2.24

£ | £ |

| Repayable by instalments

| Bank loans | - |  | 3,877 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

| 28.2.25 |  | 29.2.24

£ | £ |

| Other loans | 1,251,250 |  | 1,251,250 |  |

| Hire purchase contracts | 62,502 |  | - |  |

1,313,752 |  | 1,251,250 |  |

| The loan is secured against the land and buildings owned by the company.

| Obligations under hire purchase contracts are secured on the assets to which they relate.

8. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 March 2024 | 518,589 |  |

| Change in valuation | 355,247 |  |

| Deferred tax | (119,372 | ) |

| At 28 February 2025 | 754,464 |  |

9. | OTHER FINANCIAL COMMITMENTS

| At 28 February 2025, the company had total commitments under non-cancellable operating leases expiring within one to five years of £18,778 (2024 - £9,553).

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.