Dawson Properties Limited - Limited company - abbreviated - 11.6
Dawson Properties Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 28 February 2015 |
| for |
| Dawson Properties Limited |
| Dawson Properties Limited (Registered number: 03167183) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 28 February 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Statement by the Directors | 7 |
| Chartered Accountants' Independent Assurance Report | 8 |
| Dawson Properties Limited |
| Company Information |
| for the Year Ended 28 February 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Dawson Properties Limited (Registered number: 03167183) |
| Abbreviated Balance Sheet |
| 28 February 2015 |
| 28.2.15 | 28.2.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Dawson Properties Limited (Registered number: 03167183) |
| Abbreviated Balance Sheet - continued |
| 28 February 2015 |
| The financial statements were approved by the Board of Directors on by: |
| Dawson Properties Limited (Registered number: 03167183) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 28 February 2015 |
| 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 rentals received from residential properties. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investment property |
| No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting |
| Standard for Smaller Entities (effective April 2008). Such properties are held for their investment potential and |
| not for consumption within the business. This is a departure from the Companies Act 2006 which requires all |
| properties to be depreciated and the directors consider that to depreciate them would not enable the financial |
| statements to give a true and fair view. Investment properties are stated at their market value at the balance sheet |
| date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2014 |
| Additions |
| At 28 February 2015 |
| DEPRECIATION |
| At 1 March 2014 |
| Charge for year |
| At 28 February 2015 |
| NET BOOK VALUE |
| At 28 February 2015 |
| At 28 February 2014 |
| Dawson Properties Limited (Registered number: 03167183) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 28 February 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 March 2014 |
| and 28 February 2015 | 16,000 |
| NET BOOK VALUE |
| At 28 February 2015 |
| At 28 February 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| £ | £ |
| Aggregate capital and reserves | (53,521 | ) | (54,642 | ) |
| Profit/(loss) for the year | 1,121 | (598 | ) |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 March 2014 |
| Additions |
| At 28 February 2015 |
| NET BOOK VALUE |
| At 28 February 2015 |
| At 28 February 2014 |
| 5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 6. | CREDITORS |
| Creditors include an amount of £ |
| Dawson Properties Limited (Registered number: 03167183) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 28 February 2015 |
| 6. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 28.2.15 | 28.2.14 |
| £ | £ |
| Repayable by instalments | 1,906,827 | 2,029,749 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.15 | 28.2.14 |
| value: | £ | £ |
| Ordinary | 1 |
| 8. | ABBREVIATED ACCOUNTS |
| These abbreviated accounts have been prepared from the company's full financial statements which have been |
| subject to an Assurance Review Engagement complying with ICAEW TR 09/13 AAF and with ISRE 2400. |
| Statement by the Directors |
| on the Unaudited Financial Statements of |
| Dawson Properties Limited |
| We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to: |
| - | ensure that the company has kept proper accounting records; |
| - | prepare financial statements which give a true and fair view of the state of the company as at 28 February 2015 and of its profit for that period in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008); and |
| - | follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements. |
| ON BEHALF OF THE BOARD: |
| 23 November 2015 |
| Chartered Accountants' Independent Assurance Report |
| to the Board of Directors |
| on the Unaudited Financial Statements of |
| Dawson Properties Limited |
| We have performed certain procedures in respect of the company's unaudited financial statements for the year ended 28 February 2015 on pages nil to nil, made enquiries of the company's directors and assessed accounting policies adopted by the directors, in order to gather sufficient evidence for our conclusion in this report. |
| This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. It has been released to the directors on the basis that this report shall not be copied, referred to or disclosed, in whole (save for the directors' own internal purposes or as may be required by law or by a competent regulator) or in part, without our prior written consent. Our work has been undertaken so that we might state to the directors those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed. |
| Respective responsibilities |
| You have confirmed that you have met your duty as set out in the directors' statement on page nil. You consider that the company is exempt from the statutory requirement for an audit for the year. Our responsibility is to form and express an independent conclusion, based on the work carried out, to you on the financial statements. |
| Scope |
| We conducted our engagement in accordance with the Institute of Chartered Accountants in England & Wales Interim |
| Technical Release AAF 03/06. Our work was based primarily upon enquiry, analytical procedures and assessing |
| accounting policies in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). If |
| we considered it to be necessary, we also performed limited examination of evidence relevant to certain balances and |
| disclosures in the financial statements where we became aware of matters that might indicate a risk of material |
| misstatement in the financial statements. |
| The terms of our engagement exclude any requirement to carry out a comprehensive assessment of the risks of material |
| misstatement, a consideration of fraud, laws, regulations or internal controls, and we have not done so. We are not |
| required to, and we do not, express an audit opinion on these financial statements. |
| Conclusion |
| Based on our work, nothing has come to our attention to refute the directors' confirmation that in accordance with the Companies Act 2006 the financial statements give a true and fair view of the state of the company's affairs as at 28 February 2015 and of its profit for the year then ended and have been properly prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| 23 November 2015 |