REGISTERED NUMBER: 05277542 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

DOLCE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M J Lo Conte

M G Lo Conte

Ms M Lo Conte

SECRETARY:

Mrs M J Lo Conte

REGISTERED OFFICE:

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

REGISTERED NUMBER:

05277542 (England and Wales)

ACCOUNTANTS:

A & N (Haslemere) Limited

Aruna House

2 Kings Road

Haslemere

Surrey

GU27 2QA

FIXED ASSETS

Investment property

3

350,000

453,112

CURRENT ASSETS

Cash at bank

159,567

143,544

CREDITORS

Amounts falling due within one year

4

89,397

81,059

NET CURRENT ASSETS

70,170

62,485

TOTAL ASSETS LESS CURRENT LIABILITIES

420,170

515,597

CREDITORS

Amounts falling due after more than one year

5

283,500

270,000

NET ASSETS

136,670

245,597

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

6

136,668

245,595

SHAREHOLDERS' FUNDS

136,670

245,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 20 July 2026 and were signed on its behalf by:

M Lo Conte - Director

1.	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.

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.

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.

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.

Other income

Other income included rents received which comprises revenue recognised by the company in respect of income arising from rental charges.

2.	EMPLOYEES AND DIRECTORS

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

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

453,112

Revaluations

(103,112

)

At 30 November 2025

350,000

NET BOOK VALUE

At 30 November 2025

350,000

At 30 November 2024

453,112

Fair value at 30 November 2025 is represented by:

£

Valuation in 2025

(103,112

)

Cost

453,112

350,000

Investment properties are stated at fair value. The properties were valued at 19 March 2024 and October 2024 respectively by independent qualified surveyors in accordance with the RICS Valuation – Global Standards (the Red Book) at a combined £350,000. The directors consider that fair value at 30 November 2025 is not materially different from those valuations, no works having been carried out to the properties in the intervening period. The deficit of £103,112 arising on revaluation has been recognised in profit or loss in accordance with FRS 102 Section 16.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Taxation and social security

-

1,791

Other creditors

89,397

79,268

89,397

81,059

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Other creditors

283,500

270,000

Other creditors falling due after more than one year comprise a loan of £270,000, together with accrued interest of £13,500, owed to Farncombe Fresh Foods Wholesale Limited, a company under the common control of Mrs M J Lo Conte. Interest is charged at 5 per cent per annum. The loan has no fixed repayment date and Farncombe Fresh Foods Wholesale Limited has confirmed that it will not demand repayment within twelve months of the date of approval of these financial statements.

6.

RESERVES

Retained

earnings

£

At 1 December 2024

245,595

Deficit for the year

(108,927

)

At 30 November 2025

136,668