Prior Period Error
During the year, an error was discovered in the financial statements for the year ended 30 September 2024. Property costs relating to furniture and furnishings of the property had been incorrectly expensed through the profit and loss statement. This has now been corrected to reflect the asset purchases on the balance sheet. Bank transactions had also been ommitted from the financial statements which have now been corrected.
As a result, the comparative figures for 2024 have been restated. The effect of the restatement on the financial statements is summarized below:
Adjustment to 2024 Statement of Financial Position:
Fixed Assets: Increased by £48,398
Current Assets: Decreased by £3,922
Liabilities: Increased by £100
Retained Earnings (Opening Balance): Increased by £44,376
Related Party Transactions
DPR Centurion LTD is a wholly owned subsidiary of Doclan LTD and is under common control and directorship of Mr Gary Field.
As of 30th September 2025 Doclan LTD has loaned DPR Centurion LTD a total of £1,276,000. The loan in interest fee and repayable on demand.