Old Dover Textiles Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07817957 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2021

for

Old Dover Textiles Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Nicholas Loucas

Mr Andrew Alexandros Xeni

REGISTERED OFFICE:

10 Gourley Street

Haringey

London

N15 5NG

REGISTERED NUMBER:

07817957 (England and Wales)

ACCOUNTANTS:

Chris Pantazis Ltd T/A CPS & Co

Chartered Accountants

10A Aldermans Hill

Palmers Green

London

N13 4PJ

BANKERS:

HSBC Plc

City of London Branch

London

EC4N 4TR

FIXED ASSETS

Investments

4

1,000,000

1,000,000

CURRENT ASSETS

Debtors

5

175,944

40,228

Cash at bank

1,796

876

177,740

41,104

CREDITORS

Amounts falling due within one year

6

1,015,241

1,009,424

NET CURRENT LIABILITIES

(837,501

)

(968,320

)

TOTAL ASSETS LESS CURRENT LIABILITIES

162,499

31,680

CREDITORS

Amounts falling due after more than one year

7

35,833

47,500

NET ASSETS/(LIABILITIES)

126,666

(15,820

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

126,665

(15,821

)

SHAREHOLDERS' FUNDS

126,666

(15,820

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2022 and were signed on its behalf by:

Mr Andrew Alexandros Xeni - Director

1.	STATUTORY INFORMATION

Old Dover Textiles 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

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 2 (2020 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 November 2020

and 31 October 2021

1,000,000

NET BOOK VALUE

At 31 October 2021

1,000,000

At 31 October 2020

1,000,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade debtors

137,350

40,000

Other debtors

25,000

-

VAT

13,366

-

Prepayments and accrued income

228

228

175,944

40,228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Bank loans and overdrafts (see note 8)

10,000

2,500

Trade creditors

290,854

299,439

Tax

57,867

52,844

VAT

-

48,121

Other creditors

402,520

402,520

Accrued expenses

254,000

204,000

1,015,241

1,009,424

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.21

31.10.20

£

£

Bank loans (see note 8)

35,833

47,500

8.

LOANS

An analysis of the maturity of loans is given below:

31.10.21

31.10.20

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

2,500

Amounts falling due between two and five years:

Bank loans - 2-5 years

35,833

47,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.21

31.10.20

value:

£

£

1

Ordinary

£1.00

1

1

10.

RESERVES

Retained

earnings

£

At 1 November 2020

(15,821

)

Profit for the year

145,486

Dividends

(3,000

)

At 31 October 2021

126,665