DAWSON_ASSOCIATES_LIMITED - Accounts

DAWSON ASSOCIATES LIMITED - Company Information

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Company Registration No. 06470106 (England and Wales)

DAWSON ASSOCIATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2016

DAWSON ASSOCIATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

DAWSON ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

172,250

172,647

Current assets

Debtors

889

1,369

Cash at bank and in hand

4,488

3,865

5,377

5,234

Creditors: amounts falling due within one year

(26,079)

(23,890)

Net current liabilities

(20,702)

(18,656)

Total assets less current liabilities

151,548

153,991

Creditors: amounts falling due after more than one year

(141,175)

(144,955)

10,373

9,036

Capital and reserves

Called up share capital

2,000

Revaluation reserve

1,888

Profit and loss account

6,485

5,148

Shareholders' funds

10,373

9,036

For the financial year ended 31 January 2016 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 October 2016

Mr C A P Dawson

Director

Company Registration No. 06470106

DAWSON ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company is reliant upon the financial support of its bankers and director and the financial statements have been prepared on a going concern basis on the assumption that such support will continue for the foreseeable future.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for management consultancy services and property rentals.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), 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 might otherwise have been charged cannot be separately identified or quantified.

DAWSON ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

- 3 -

Fixed assets

Tangible assets

Cost or valuation

At 1 February 2015 & at 31 January 2016

173,799

Depreciation

At 1 February 2015

1,152

Charge for the year

397

At 31 January 2016

1,549

Net book value

At 31 January 2016

172,250

At 31 January 2015

172,647

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £3,780 (2015 - £3,780).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £141,175 (2015 - £144,955).

Share capital

2016

2015

Allotted, called up and fully paid

2,000 Ordinary shares of £1 each

2,000

Related party relationships and transactions

Loan from director

Transactions in relation to a loan from the director during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr C A P Dawson -

11,284

26,435

24,009

13,710

11,284

26,435

24,009

13,710

DAWSON ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2016

Related party relationships and transactions

(Continued)

- 4 -

Other transactions

The director has provided a personal guarantee in respect of the company's bank borrowings.