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30/09/2022
2022-09-30
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No description of principal activities is disclosed
2021-10-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
NI029226
2021-10-01
2022-09-30
NI029226
2022-09-30
NI029226
2021-09-30
NI029226
bus:Director2
2021-10-01
2022-09-30
NI029226
core:WithinOneYear
2022-09-30
NI029226
core:WithinOneYear
2021-09-30
NI029226
core:ShareCapital
2022-09-30
NI029226
core:ShareCapital
2021-09-30
NI029226
core:RevaluationReserve
2022-09-30
NI029226
core:RevaluationReserve
2021-09-30
NI029226
core:RetainedEarningsAccumulatedLosses
2022-09-30
NI029226
core:RetainedEarningsAccumulatedLosses
2021-09-30
NI029226
core:CostValuation
core:Non-currentFinancialInstruments
2021-09-30
NI029226
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2022-09-30
NI029226
core:CostValuation
core:Non-currentFinancialInstruments
2022-09-30
NI029226
core:Non-currentFinancialInstruments
2022-09-30
NI029226
core:Non-currentFinancialInstruments
2021-09-30
NI029226
bus:SmallEntities
2021-10-01
2022-09-30
NI029226
bus:AuditExempt-NoAccountantsReport
2021-10-01
2022-09-30
NI029226
bus:FullAccounts
2021-10-01
2022-09-30
NI029226
bus:SmallCompaniesRegimeForAccounts
2021-10-01
2022-09-30
NI029226
bus:PrivateLimitedCompanyLtd
2021-10-01
2022-09-30
Company registration number:
NI029226
Dunbar Limited
Unaudited filleted financial statements
30 September 2022
Dunbar Limited
Contents
Statement of financial position
Notes to the financial statements
Dunbar Limited
Statement of financial position
30 September 2022
|
|
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2022 |
|
|
|
2021 |
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Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Investments |
|
5 |
2,244,350 |
|
|
|
1,944,350 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
2,244,350 |
|
|
|
1,944,350 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
54,469 |
|
|
|
58,363 |
|
|
|
Cash at bank and in hand |
|
|
250,744 |
|
|
|
481,680 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
305,213 |
|
|
|
540,043 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
275,416) |
|
|
|
(
275,325) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current assets |
|
|
|
|
29,797 |
|
|
|
264,718 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
2,274,147 |
|
|
|
2,209,068 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
57,217) |
|
|
|
(
57,217) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Net assets |
|
|
|
|
2,216,930 |
|
|
|
2,151,851 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
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|
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Capital and reserves |
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
1 |
|
|
|
1 |
|
Revaluation reserve |
|
|
|
|
509,187 |
|
|
|
509,187 |
|
Profit and loss account |
|
|
|
|
1,707,742 |
|
|
|
1,642,663 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Shareholders funds |
|
|
|
|
2,216,930 |
|
|
|
2,151,851 |
|
|
|
|
|
_______ |
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|
_______ |
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|
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
14 June 2023
, and are signed on behalf of the board by:
Marie McKenna
Director
Company registration number:
NI029226
Dunbar Limited
Notes to the financial statements
Year ended 30 September 2022
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 3 Limavady Road, Londonderry, BT47 6JU.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2021: Nil).
5.
Investments
|
|
Other investments other than loans |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 October 2021 |
1,944,350 |
1,944,350 |
|
|
|
|
|
Additions |
300,000 |
300,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2022 |
2,244,350 |
2,244,350 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 October 2021 and 30 September 2022 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 September 2022 |
2,244,350 |
2,244,350 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2021 |
1,944,350 |
1,944,350 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
Included in 'Other investments other than loans' are Investment Properties at fair value. The director considers the valuation to reflect fair value at 30th September 2022 based on a valuation by Tom Magee Limited, commercial property agents and based on their knowledge of the property market.
6.
Debtors
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Trade debtors |
|
49,823 |
50,513 |
|
Other debtors |
|
4,646 |
7,850 |
|
|
|
_______ |
_______ |
|
|
|
54,469 |
58,363 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Trade creditors |
|
45,000 |
45,000 |
|
Corporation tax |
|
29,786 |
31,653 |
|
Social security and other taxes |
|
10,055 |
10,322 |
|
Other creditors |
|
190,575 |
188,350 |
|
|
|
_______ |
_______ |
|
|
|
275,416 |
275,325 |
|
|
|
_______ |
_______ |
|
|
|
|
|
