Dualpost Limited - Filleted accounts

Dualpost Limited
Registered number:		02803944
Balance Sheet
as at 31 March 2020

Notes			2020			2019
£				£
Fixed assets
Tangible assets	3		682,195			682,195

Current assets
Cash at bank and in hand		65,165			52,072

Creditors: amounts falling due within one year	4	(82,477)			(83,846)

Net current liabilities			(17,312)			(31,774)

Net assets			664,883			650,421

Capital and reserves
Called up share capital			144			144
Revaluation reserve	5		401,526			401,526
Profit and loss account			263,213			248,751

Shareholders' funds			664,883			650,421

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr C D Jenkins
Director
Approved by the board on 23 December 2020

Dualpost Limited
Notes to the Accounts
for the year ended 31 March 2020


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents the total invoice value of rental income during the year.

	Tangible fixed assets
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Freehold buildings	Not depreciated

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.


2	Employees		2020		2019
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 April 2019				682,195
	At 31 March 2020				682,195

	Depreciation
	At 31 March 2020				-

	Net book value
	At 31 March 2020				682,195
	At 31 March 2019				682,195


	Freehold land and buildings:		2020		2019
£				£
	Historical cost		280,669		280,669
	Cumulative depreciation based on historical cost		-		-
			280,669		280,669


4	Creditors: amounts falling due within one year		2020		2019
£				£

	Directors' loans		70,000		70,000
	Corporation tax		3,392		1,077
	Other taxes and social security costs		485		397
	Accruals and deferred income		8,600		12,372
			82,477		83,846


5	Revaluation reserve		2020		2019
£				£

	At 1 April 2019		401,526		401,526

	At 31 March 2020		401,526		401,526


6	Related party transactions

	Included under the heading of Administrative expenses are Mangement fees of £7,000 (2019: £7,683) charged by Jenkins Porch and Partners Ltd. Dualpost Limited and Jenkins Porch & Partners Ltd are under common ownership.


7	Other information

	Dualpost Limited is a private company limited by shares and incorporated in England. Its registered office is:
	14 -16 Churchill Way
	Cardiff
	CF10 2DX

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