Company Registration No. 04771975 (England and Wales)
Dashwood Investments Limited
Unaudited accounts
for the year ended 31 March 2019
Dashwood Investments Limited
Unaudited accounts
Contents
Dashwood Investments Limited
Company Information
for the year ended 31 March 2019
Company Number
04771975 (England and Wales)
Registered Office
Suite 3 Queen Ann House
Broadway
Maidenhead
Berkshire
SL6 1LY
Accountants
Evolve Accounting and Tax Solutions Ltd
Congress House
14 Lyon Road
Harrow
HA1 2EN
Dashwood Investments Limited
Statement of financial position
as at 31 March 2019
Tangible assets
1,996
2,662
Investment property
770,000
770,000
Cash at bank and in hand
10,281
9,523
Creditors: amounts falling due within one year
(308,523)
(352,688)
Net current liabilities
(278,292)
(323,539)
Total assets less current liabilities
493,704
449,123
Creditors: amounts falling due after more than one year
(353,514)
(312,173)
Net assets
140,190
136,950
Called up share capital
100
100
Profit and loss account
140,090
136,850
Shareholders' funds
140,190
136,950
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 December 2019.
M O'Shea
Director
Company Registration No. 04771975
Dashwood Investments Limited
Notes to the Accounts
for the year ended 31 March 2019
Dashwood Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 04771975. The registered office is Suite 3 Queen Ann House, Broadway, Maidenhead, Berkshire, SL6 1LY.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Dashwood Investments Limited
Notes to the Accounts
for the year ended 31 March 2019
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2018
7,449
5,274
12,723
At 31 March 2019
7,449
5,274
12,723
At 1 April 2018
5,102
4,959
10,061
Charge for the year
587
79
666
At 31 March 2019
5,689
5,038
10,727
At 31 March 2019
1,760
236
1,996
At 31 March 2018
2,347
315
2,662
Fair value at 1 April 2018
770,000
Amounts due from group undertakings etc.
16,000
16,000
Deferred tax asset
1,309
1,309
Accrued income and prepayments
2,458
-
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Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
288,284
314,140
Amounts owed to group undertakings and other participating interests
10,000
10,000
Taxes and social security
3,239
2,604
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Creditors: amounts falling due after more than one year
2019
2018
Amounts owed to group undertakings and other participating interests
353,514
312,173
Aggregate of amounts that fall due for payment after five years
353,514
312,173
Dashwood Investments Limited
Notes to the Accounts
for the year ended 31 March 2019
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Transactions with related parties
At the Balance Sheet date an amount of £10,000 (2018: £10,000) was due to Commercial Holdings Limited. Commercial Holdings Limited owns 100% of the shares in the company.
At the Balance Sheet date an amount of £353,514 (2018: £312,173) was due to London Commercial Investments Limited, a fellow subsidiary of Commercial Holdings Limited.
At the Balance Sheet date an amount of £16,000 (2018: £16,000) was due from Classic Car Sales Limited, a fellow subsidiary of Commercial Holdings Limited.
All of the above loans are unsecured, interest free and repayable on demand, except for the loan from London Commercial Investments Limited which is payable after more than one year.
The ultimate parent company is Commercial Holdings Limited, a company registered in England and Wales. The ultimate controlling party is M O'Shea, a director and shareholder of Commercial Holdsings Limited.
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Average number of employees
During the year the average number of employees was 1 (2018: 1).
