COMPANY REGISTRATION NUMBER:
03560457
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Filleted Unaudited Financial Statements |
|
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Dutycourse Limited |
|
Year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dutycourse Limited for the year ended 31 March 2026, which comprise the statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Dutycourse Limited in accordance with the terms of our engagement letter dated 27 February 2026. Our work has been undertaken solely to prepare for your approval the financial statements of Dutycourse Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dutycourse Limited and its director for our work or for this report.
It is your duty to ensure that Dutycourse 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 loss of Dutycourse Limited. You consider that Dutycourse 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 Dutycourse 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.
Hebblethwaites
Chartered accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
9 June 2026
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Statement of Financial Position |
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31 March 2026
Current assets
|
Debtors |
5 |
713,000 |
713,040 |
|
Cash at bank and in hand |
117,780 |
119,364 |
|
--------- |
--------- |
|
830,780 |
832,404 |
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|
|
|
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Creditors: amounts falling due within one year |
6 |
2,250 |
2,910 |
|
--------- |
--------- |
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Net current assets |
828,530 |
829,494 |
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--------- |
--------- |
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Total assets less current liabilities |
828,530 |
829,494 |
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--------- |
--------- |
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Net assets |
828,530 |
829,494 |
|
--------- |
--------- |
|
|
|
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Capital and reserves
|
Called up share capital |
4 |
4 |
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Profit and loss account |
828,526 |
829,490 |
|
--------- |
--------- |
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Shareholders funds |
828,530 |
829,494 |
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--------- |
--------- |
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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 income and retained earnings has not been delivered.
For the year ending 31 March 2026 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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
9 June 2026
, and are signed on behalf of the board by:
Company registration number:
03560457
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Notes to the Financial Statements |
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Year ended 31 March 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Rossett Green, Bar Road, Baslow, Bakewell, DE45 1SF, 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 entity.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2025:
1
).
5.
Debtors
|
2026 |
2025 |
|
£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
713,000 |
713,000 |
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Other debtors |
– |
40 |
|
--------- |
--------- |
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713,000 |
713,040 |
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--------- |
--------- |
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|
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The debtors above include the following amounts falling due after more than one year:
|
2026 |
2025 |
|
£ |
£ |
|
Trade debtors |
713,000 |
713,000 |
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--------- |
--------- |
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|
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6.
Creditors:
amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
|
Other creditors |
2,250 |
2,910 |
|
------- |
------- |
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Included within other creditors is £1,350 (2025: £1,350) which is due to a director. This is unsecured, interest free, with no fixed repayment terms.
7.
Related party transactions
At the year end the company was owed £713,000 (2025: £713,000) from West Derbyshire Auctions Limited, a company in which the director L A Stout has a material interest.
8.
Controlling party
The ultimate parent company is West Derbyshire Auctions Limited, a company registered in England and Wales.