Dobell Finance Limited - Limited company - abbreviated

REGISTERED NUMBER: 01379170 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

DOBELL FINANCE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D A Reuben

SECRETARY:

L D Reuben

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

01379170 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Intangible assets

2

4,444

5,684

Investment property

3

-

598,027

4,444

603,711

CURRENT ASSETS

Debtors

684,598

460,100

Investments

57,595

169,008

Cash at bank

64,229

109,564

806,422

738,672

CREDITORS

Amounts falling due within one year

42,283

5,299

NET CURRENT ASSETS

764,139

733,373

TOTAL ASSETS LESS CURRENT
LIABILITIES

768,583

1,337,084

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

-

562,129

Profit and loss account

768,483

774,855

SHAREHOLDERS' FUNDS

768,583

1,337,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 March 2015 and were signed by:

D A Reuben - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents management fees receivable and income from sale of property.

Intangible assets

Intangible assets represent two 10 year debenture seats at Wembley Stadium amortised over their term (see note

4).

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting

for Investment Properties, it is a departure from the general requirement of the Companies Act 2006 for all

tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the

financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors

reflected in the annual valuation and the amount of this which otherwise have been charged cannot be separately

identified or quantified.

Investments

Current asset investments are valued at market value less any provision for the diminution in value.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

12,401

AMORTISATION

At 1 July 2013

6,717

Amortisation for year

1,240

At 30 June 2014

7,957

NET BOOK VALUE

At 30 June 2014

4,444

At 30 June 2013

5,684

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2013

598,027

Disposals

(598,027

)

At 30 June 2014

-

NET BOOK VALUE

At 30 June 2014

-

At 30 June 2013

598,027

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

5.	RELATED PARTY DISCLOSURES

The company considers The PP Pension Scheme ("TPPS") as a related party as the director, D A Reuben Esq, is a member of the scheme. At the year end the company was owed £106,527 (2013: £51,527) by TPPS, as shown
within amounts owed by related parties. There were no transactions with TPPS during the year under review.

Initial Incentives Ltd

The director of Initial Incentives Ltd is the brother of D A Reuben.

During the year the company advanced £121,706.21 to Initial Incentives Ltd, this is interest free.

Dobell Finance Limited - Limited company - abbreviated - 11.6

Dobell Finance Limited - Limited company - abbreviated - 11.6