Dutch & Dutch (Commercial) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05712153 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

DUTCH & DUTCH (COMMERCIAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A W Matthews

D J Matthews

REGISTERED OFFICE:

50 Seymour Street

London

W1H 7JG

REGISTERED NUMBER:

05712153 (England and Wales)

ACCOUNTANTS:

Civvals Limited

50 Seymour Street

London

W1H 7JG

FIXED ASSETS

Tangible assets

4

90,650

82,953

CURRENT ASSETS

Debtors

5

735,035

754,699

Cash at bank

856,290

777,141

1,591,325

1,531,840

CREDITORS

Amounts falling due within one year

6

227,489

158,946

NET CURRENT ASSETS

1,363,836

1,372,894

TOTAL ASSETS LESS CURRENT LIABILITIES

1,454,486

1,455,847

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

7

181,031

181,031

Retained earnings

7

1,273,355

1,274,716

SHAREHOLDERS' FUNDS

1,454,486

1,455,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 3 July 2019 and were signed on its behalf by:

A W Matthews - Director

1.	STATUTORY INFORMATION

Dutch & Dutch (Commercial) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

This is the first year in which the financial statements have been prepared under FRS 102 Section 1A small

entities. The transition date is 1 December 2015. There are no impact of the transition on opening equity and

profit for the comparative year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Over the life of the lease

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2017 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2017

71,038

150,768

30,898

252,704

Additions

-

2,352

27,986

30,338

At 30 November 2018

71,038

153,120

58,884

283,042

DEPRECIATION

At 1 December 2017

37,203

112,027

20,521

169,751

Charge for year

3,382

9,668

9,591

22,641

At 30 November 2018

40,585

121,695

30,112

192,392

NET BOOK VALUE

At 30 November 2018

30,453

31,425

28,772

90,650

At 30 November 2017

33,835

38,741

10,377

82,953

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

408,148

390,148

Other debtors

326,887

364,551

735,035

754,699

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

1,529

-

Trade creditors

13,557

8,696

Taxation and social security

134,799

97,781

Other creditors

77,604

52,469

227,489

158,946

7.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 December 2017

1,274,716

181,031

1,455,747

Profit for the year

120,539

120,539

Dividends

(121,900

)

(121,900

)

At 30 November 2018

1,273,355

181,031

1,454,386

8.	RELATED PARTY DISCLOSURES

DMFK Development LLP

Is a LLP in which Dutch & Dutch (Commercial) Ltd is a member.

Included in debtors (Note 7 ) is an amount of £408,148 (2017: £390,148) owed from DMFK Development LLP

in which the company is a member.

2018

2017

£

£

Amount due from related party at the balance sheet date

408,148

390,148

Adjust Properties Limited

Is a company in which D J Matthews is a director.

Included in other debtors (Note 7 ) is an amount of £319,456 (2017: £319,456) owed from Adjust Properties

Limited in which D J Matthews is a director.

2018

2017

£

£

Amount due from related party at the balance sheet date

319,456

319,456

9.

CONTROL

The company is controlled by the director Mr A W Matthews by virtue of his 100% shareholding in the

company.