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Registered number: 03534715
DORCHESTER PROPERTY INVESTMENTS LIMITED
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 30 June 2025
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DORCHESTER PROPERTY INVESTMENTS LIMITED
Registered number:03534715
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Statement of financial position
As at 30 June 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Page 1
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DORCHESTER PROPERTY INVESTMENTS LIMITED
Registered number:03534715
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Statement of financial position (continued)
As at 30 June 2025
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 7 form part of these financial statements.
Page 2
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DORCHESTER PROPERTY INVESTMENTS LIMITED
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Notes to the financial statements
For the Year Ended 30 June 2025
Dorchester Property Investment Limited is a company incorporated in England and Wales under the Companies Act. The address of the registered office is given on the Company Information page. The principal activity of the company is that of property investment.
2.Accounting policies
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Basis of preparation of financial statements
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Preparation of consolidated financial statements. The financial statements contain information about Dorchester Property Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
Page 3
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DORCHESTER PROPERTY INVESTMENTS LIMITED
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Notes to the financial statements
For the Year Ended 30 June 2025
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, except that a charge attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax
allowances have been met.
Revenue represents gross rental income from the letting of property and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Rent reviews are only recognised as income once the review has been settled, agreed and concluded.
Lease incentives are recognised over the period of the lease. However, the Company took advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard to continue to be charged over the shorter period to the first market rent review rather than the term of lease.
Investments in subsidiaries are measured at cost less accumulated impairment.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Page 4
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DORCHESTER PROPERTY INVESTMENTS LIMITED
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Notes to the financial statements
For the Year Ended 30 June 2025
2.Accounting policies (continued)
The company's reserves are as follows:
∙Called up share capital represents the nominal value of the shares issued.
∙Profit and Loss Account represents cummulative profits or losses, net of dividends and other adjustments.
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Judgement in applying policies and key sources of estimation uncertainty
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In preparing these financial statements the directors have made judgements to determine the fair value of the company's investment property. Factors taken into consideration include the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset.
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All turnover arose within the United Kingdom.
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The company’s performance obligations arise from the sale of goods and the provision of services to customers. Performance obligations relating to the sale of goods are typically satisfied at a point in time upon delivery to the customer. Performance obligations relating to services are satisfied over time as the services are rendered.
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Payment terms typically require settlement within [x] days of invoice. Consideration is [fixed/variable], and contracts with customers do [not] include a significant financing component.
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The nature of the goods and services transferred includes [brief description of goods/services]. The company acts as principal in these arrangements, as it controls the goods or services before they are transferred to the customer. The entity does not act as an agent in any material arrangements.
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For performance obligations satisfied over time, revenue is recognised using the [input/output] method, which measures progress towards complete satisfaction of the performance obligation based on [costs incurred to date / milestones achieved / units delivered].
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The operating profit is stated after charging:
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The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
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Page 5
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DORCHESTER PROPERTY INVESTMENTS LIMITED
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Notes to the financial statements
For the Year Ended 30 June 2025
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Interest payable and similar expenses
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Investments in subsidiary companies
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Freehold investment property
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The 2025 valuations were made by the board of directors, based where applicable based on discussions with valuation professionals and on valuation reports on certain of the company's properties prepared for lending purposes, on an open market value basis.
Page 6
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DORCHESTER PROPERTY INVESTMENTS LIMITED
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Notes to the financial statements
For the Year Ended 30 June 2025
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Amounts owed by joint ventures and associated undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Amounts owed to group undertakings are repayable on demand.
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Allotted, called up and fully paid
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2 (2024 - 2) Ordinary shares of £1.00 each
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Page 7
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