Dovebay Limited - Limited company - abbreviated - 11.0.0

Dovebay Limited - Limited company - abbreviated - 11.0.0

DOVEBAY LIMITED - Company Information

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REGISTERED NUMBER: 04347692 (England and Wales)











ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2013

FOR

DOVEBAY LIMITED

DOVEBAY LIMITED (REGISTERED NUMBER: 04347692)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2013




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

DOVEBAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2013







DIRECTORS: B F A Pabani
A F A Pabani





SECRETARY: A F Pabani





REGISTERED OFFICE: 2 Mottingham Road
Edmonton
London
N9 8DY





REGISTERED NUMBER: 04347692 (England and Wales)





ACCOUNTANTS: Moore Stephens Enfield Limited
57 London Road
Enfield
Middlesex
EN2 6SW
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DOVEBAY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Dovebay Limited for the year ended 30 September 2013 which comprise the Profit and Loss Account, the Balance
Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical
and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Dovebay Limited, as a body, in accordance with our terms of engagement.
Our work has been undertaken solely to prepare for your approval the financial statements of Dovebay Limited and state those
matters that we have agreed to state to the Board of Directors of Dovebay Limited, as a body, in this report in accordance with AAF
2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dovebay Limited has kept adequate accounting records and to prepare statutory financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of Dovebay Limited. You consider that Dovebay
Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dovebay Limited. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and
we do not, therefore, express any opinion on the statutory financial statements.






Moore Stephens Enfield Limited
57 London Road
Enfield
Middlesex
EN2 6SW


7 July 2014

This page does not form part of the abbreviated accounts

Page 2
DOVEBAY LIMITED (REGISTERED NUMBER: 04347692)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2013

30.9.13 30.9.12
Notes £    £   
Fixed assets
Tangible assets 2 402 502
Investment property 3 1,123,782 1,123,782
1,124,184 1,124,284

Current assets
Debtors 291,065 285,450
Cash at bank 3,486 1,753
294,551 287,203
Creditors
Amounts falling due within one year 4 (160,185 ) (94,599 )
Net current assets 134,366 192,604
Total assets less current liabilities 1,258,550 1,316,888

Creditors
Amounts falling due after more than one year 4 (794,658 ) (873,098 )
Net assets 463,892 443,790

Capital and reserves
Called up share capital 5 4 4
Share premium 431,451 431,451
Revaluation reserve 471,000 471,000
Profit and loss account (438,563 ) (458,665 )
Shareholders' funds 463,892 443,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 7 July 2014 and were signed on its behalf by:



A F A Pabani - Director


The notes form part of these abbreviated accounts

Page 3
DOVEBAY LIMITED (REGISTERED NUMBER: 04347692)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2013

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain
assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover comprises revenue recognised by the company in respect of rents receivable during the year in accordance with
applicable accounting policies.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance

Investment property
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial
Reporting Standard for the Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the
Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in
order to give a true and fair view of the financial position of the company.

Deferred tax
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of
gains and losses in the financial statements and recognition in the tax computation.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets in the financial statements.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable
profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences
are expected to reverse.

Deferred tax assets and liabilities are not discounted.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2012
and 30 September 2013 785
DEPRECIATION
At 1 October 2012 283
Charge for year 100
At 30 September 2013 383
NET BOOK VALUE
At 30 September 2013 402
At 30 September 2012 502

Page 4
DOVEBAY LIMITED (REGISTERED NUMBER: 04347692)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2013

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 October 2012
and 30 September 2013 1,123,782
NET BOOK VALUE
At 30 September 2013 1,123,782
At 30 September 2012 1,123,782

In the opinion of the directors, the carrying amount of the investment properties are not materially different from its open
market value at the balance sheet date.

4. CREDITORS

Creditors include an amount of £ 823,390 (30.9.12 - £ 873,098 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.9.13 30.9.12
£    £   
Repayable by instalments 633,094 873,098

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.13 30.9.12
value: £    £   
4 Ordinary £1 4 4

Page 5