Dorset Property Group Limited - Accounts to registrar (filleted) - small 23.2.5

Dorset Property Group Limited - Accounts to registrar (filleted) - small 23.2.5

DORSET PROPERTY GROUP LIMITED - Company Information

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REGISTERED NUMBER: 07180429 (England and Wales)















DORSET PROPERTY GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023





Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR








DORSET PROPERTY GROUP LIMITED (REGISTERED NUMBER: 07180429)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


DORSET PROPERTY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr B George
Mrs S George





REGISTERED OFFICE: Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR





REGISTERED NUMBER: 07180429 (England and Wales)





ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR
Page 1
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DORSET PROPERTY GROUP LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dorset Property Group Limited for the year ended 30 September 2023 which comprise the Statement of Income and Retained Earnings, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dorset Property Group 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 Dorset Property Group Limited and state those matters that we have agreed to state to the Board of Directors of Dorset Property Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dorset Property Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dorset Property Group 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 Dorset Property Group Limited. You consider that Dorset Property Group 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 Dorset Property Group 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.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


12 April 2024

This page does not form part of the statutory financial statements

Page 2
DORSET PROPERTY GROUP LIMITED (REGISTERED NUMBER: 07180429)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 81,250 93,750
Investments 5 181 108,724
81,431 202,474

CURRENT ASSETS
Debtors 6 18,061 49,670
Cash at bank 78,108 63,102
96,169 112,772
CREDITORS
Amounts falling due within one year 7 164,085 308,550
NET CURRENT LIABILITIES (67,916 ) (195,778 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
13,515
6,696

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,415 6,596
SHAREHOLDERS' FUNDS 13,515 6,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:





Mr B George - Director


The notes form part of these financial statements

Page 3
DORSET PROPERTY GROUP LIMITED (REGISTERED NUMBER: 07180429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Dorset Property Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07180429 and its registered office address is Fryern House, 125 Winchester Road, Chandlers Ford, Hampshire, SO53 2DR.

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.

The presentation currency is £ sterling.

Going concern
The financial statements have been prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The directors do not consider there to be any significant judgements or estimates.

Turnover
Turnover is derived from the provision of management services, and is recognised once the service is provided.

Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income where applicable.

Intangible fixed assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Other investments
Other investments are initially accounted for at cost and reviewed annually for impairment.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.


Page 4 continued...
DORSET PROPERTY GROUP LIMITED (REGISTERED NUMBER: 07180429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 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.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2022
and 30 September 2023 250,000
AMORTISATION
At 1 October 2022 156,250
Amortisation for year 12,500
At 30 September 2023 168,750
NET BOOK VALUE
At 30 September 2023 81,250
At 30 September 2022 93,750

Page 5 continued...
DORSET PROPERTY GROUP LIMITED (REGISTERED NUMBER: 07180429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£ £ £
COST
At 1 October 2022 181 108,543 108,724
Additions 30,764 - 30,764
Disposals - (108,543 ) (108,543 )
Impairments (30,764 ) - (30,764 )
At 30 September 2023 181 - 181
NET BOOK VALUE
At 30 September 2023 181 - 181
At 30 September 2022 181 108,543 108,724

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 16,587 12,142
Amounts owed by group undertakings 1,474 33,054
VAT - 4,474
18,061 49,670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 740 1,188
Amounts owed to group undertakings 153,824 232,354
Corporation tax - 1,116
Social security and other taxes 4,014 3,612
VAT 2,415 -
Directors' loan accounts 902 67,902
Accruals and deferred income 2,190 2,378
164,085 308,550

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The directors do not consider there to be an ultimate controlling party.

Page 6