Dowling Corporation Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08121098 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

DOWLING CORPORATION LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W R J Dowling

W A Dowling

REGISTERED OFFICE:

Felstead Manor

Long Lane

Stanwell

Staines-Upon-Thames

Middlesex

TW19 7AN

REGISTERED NUMBER:

08121098 (England and Wales)

ACCOUNTANTS:

John A Hyde & Co

Lyndale House

24A High Street

Addlestone

Surrey

KT15 1TN

FIXED ASSETS

Investment property

4

600,000

CURRENT ASSETS

Stocks

-

72,000

Debtors

544,445

402,292

Cash at bank

29,366

46,092

573,811

520,384

CREDITORS

Amounts falling due within one year

106,410

95,651

NET CURRENT ASSETS

467,401

424,733

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,401

1,024,733

CREDITORS

Amounts falling due after more than one
year

-

(8,036

)

PROVISIONS FOR LIABILITIES

5

(63,793

)

(63,793

)

NET ASSETS

1,003,608

952,904

CAPITAL AND RESERVES

Called up share capital

10

Non-distributable reserve

6

191,378

Retained earnings

812,220

761,516

SHAREHOLDERS' FUNDS

1,003,608

952,904

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 August 2026 and were signed on its behalf by:

W R J Dowling - Director

1.	STATUTORY INFORMATION

Dowling Corporation Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

600,000

NET BOOK VALUE

At 31 December 2025

600,000

At 31 December 2024

600,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2022

255,170

Cost

344,830

600,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

Cost

344,830

Investment property was valued on an open market basis on 31 December 2025 by the Directors .

5.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

Deferred tax

63,793

Deferred

tax

£

Balance at 1 January 2025

63,793

Balance at 31 December 2025

63,793

6.

RESERVES

Retained earnings is a distributable profit reserve, comprising of cumulative profits and losses, net of dividends.

The non-distributable reserve is the investment property revaluation reserve, comprising of non-distributable profits on gains and losses on the revaluation of freehold investment property, net of deferred taxation.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

W A Dowling

Balance outstanding at start of year

-

Amounts advanced

71,755

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

71,755

-

Interest has been charged on the loan above at a rate of 3.75% per annum and this has been added to the loan.

The loan above was repaid in full prior to 30 September 2026.