Registered Number
:
04690390
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2021
Dore Properties Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Dore Properties Limited
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
3,408
4,260
2
3
853,105
853,105
856,513
857,365
Trade and other receivables
|
4,673
-
4
10,957
Cash and cash equivalents
|
5,010
5,010
15,630
Trade and other payables
:
amounts falling due within one
|
year
|
(22,557)
(42,205)
5
(6,927)
(37,195)
Net current liabilities
Total assets less current liabilities
|
819,318
850,438
Trade and other payables
:
amounts falling due after more
|
than one year
|
(519,417)
(509,713)
6
-
(14,537)
Provisions for liabilities
|
309,605
Net assets
316,484
4
4
309,601
316,480
309,605
316,484
Shareholders' funds
For the year ended 31 March 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 26 January 2022 and were signed by:
|
1 of 5
For the year ended 31 March 2021
Dore Properties Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2021
Dore Properties Limited
Notes to the Financial Statements
Statutory Information
Dore Properties Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
04690390
.
|
51 Newfield Lane
Dore
Sheffield
S17 3DD
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Furniture and Fittings
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.
|
Government grants
Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred and reported as income.
|
2
.
Property
,
plant and equipment
|
8,157
2,725
5,432
5,432
2,725
8,157
Provision for depreciation and impairment
|
3,897
981
2,916
Charge for year
852
348
504
4,749
1,329
3,420
2,012
1,396
3,408
2,516
1,744
4,260
3 of 5
For the year ended 31 March 2021
Dore Properties Limited
Notes to the Financial Statements Continued
853,105
853,105
853,105
853,105
The year end valuations were performed by the directors based on their knowledge and having regard to the values of similar properties.
|
4
.
Trade and other receivables
|
2020
2021
-
4,673
5
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
Bank loans and overdraft
(
secured
)
|
16,140
16,830
Taxation and social security
|
2,285
2,285
23,780
3,442
42,205
22,557
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
Bank loans and overdraft
(
secured
)
|
509,713
519,417
The aggregate amount of secured liabilities of £515,853 (2020 £536,246) are secured against the investment properties. The bounce back loan of £10,000 is unsecured.
|
4 of 5
For the year ended 31 March 2021
Dore Properties Limited
Notes to the Financial Statements Continued
Both previous UK GAAP and FRS
102
require investment properties to be stated in the accounts at their current
|
market value
,
with no annual depreciation charge
.
However
,
while previous UK GAAP stipulated that the surplus on
|
revaluation of the property should be held in the revaluation reserve which
,
being an unrealised surplus
,
did not form
|
part of the company
'
s distributable reserve
,
FRS
102
requires that these surpluses
,
although still not distributable
,
be
|
charged through the Profit and Loss Account
.
Consequently
,
the Profit and Loss Account reserve at
31
March
2021
|
includes a non
-
distributable amount of £
316
,
057
(
2020
-
£
316
,
057
).
|
8
.
Directors advances and guarantees
|
Repaid
Mr G Richards
G Richards
-
4,668
4,668
-
4,668
4,668
The Director, Mr G Richards has given personally owned assets as security for the £290,000 bank loan.
9
.
Average number of persons employed
|
During the year the average number of employees was 2 (2020 : 2)
5 of 5