Daleside Properties Ltd 31/03/2021 iXBRL
Daleside Properties Ltd 31/03/2021 iXBRL
Company registration number:
03830695
Contents
Directors and other information
Directors report
Abridged statement of comprehensive income
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Business address |
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Directors report
Year ended 31 March 2021
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2021.
Directors
The directors who served the company during the year were as follows:
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Small company provisions
This report was approved by the board of directors on
16 August 2021
and signed on behalf of the board by:
Director
Abridged statement of comprehensive income
Year ended 31 March 2021
2021 | 2020 | ||||
Note | £ | £ | |||
Gross profit |
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Depreciation and other amounts written off tangible and intangible fixed assets |
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Other operating expenses |
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Operating profit |
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Profit before taxation | 4 |
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Tax on profit |
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Profit for the financial year and total comprehensive income |
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All the activities of the company are from continuing operations.
Abridged statement of financial position
31 March 2021
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Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
16 August 2021
, and are signed on behalf of the board by:
Director
Company registration number:
03830695
Statement of changes in equity
Year ended 31 March 2021
Called up share capital | Share premium account | Profit and loss account | Total | |||
£ | £ | £ | £ | |||
At 1 April 2019 |
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Profit for the year |
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Total comprehensive income for the year | - | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - | - |
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At 31 March 2020 and 1 April 2020 |
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Profit for the year |
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Total comprehensive income for the year | - | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - | - |
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At 31 March 2021 |
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Notes to the financial statements
Year ended 31 March 2021
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Daleside Properties Ltd, CSY House, 9 & 10 Chase Park, Nottingham, NG2 4GT.
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Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
4.
Profit before taxation
Profit before taxation is stated after charging/(crediting):
2021 | 2020 | ||||
£ | £ | ||||
Depreciation of tangible assets |
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5.
Tangible assets
£ | ||
Cost | ||
At 1 April 2020 |
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Additions |
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At 31 March 2021 |
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Depreciation | ||
At 1 April 2020 |
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Charge for the year |
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At 31 March 2021 |
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Carrying amount | ||
At 31 March 2021 |
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At 31 March 2020 |
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6.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2021 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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2020 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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7.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
2021 | 2020 | 2021 | 2020 | ||
£ | £ | £ | £ | ||
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The Sugar Mill Hotel is a business under common control and the balance owed is included within trade debtors