Dawson Properties Limited - Accounts to registrar (filleted) - small 18.2

DAWSON PROPERTIES LIMITED - Company Information

IRIS Accounts Production v18.3.1.65 03167183 Board of Directors Board of Directors 1.3.17 28.2.18 28.2.18 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure031671832017-02-28031671832018-02-28031671832017-03-012018-02-28031671832016-02-29031671832016-03-012017-02-28031671832017-02-2803167183ns15:EnglandWales2017-03-012018-02-2803167183ns14:PoundSterling2017-03-012018-02-2803167183ns10:Director12017-03-012018-02-2803167183ns10:Director22017-03-012018-02-2803167183ns10:PrivateLimitedCompanyLtd2017-03-012018-02-2803167183ns10:SmallEntities2017-03-012018-02-2803167183ns10:AuditExemptWithAccountantsReport2017-03-012018-02-2803167183ns10:SmallCompaniesRegimeForDirectorsReport2017-03-012018-02-2803167183ns10:SmallCompaniesRegimeForAccounts2017-03-012018-02-2803167183ns10:AbridgedAccounts2017-03-012018-02-2803167183ns10:CompanySecretary12017-03-012018-02-2803167183ns10:RegisteredOffice2017-03-012018-02-2803167183ns5:CurrentFinancialInstruments2018-02-2803167183ns5:CurrentFinancialInstruments2017-02-2803167183ns5:Non-currentFinancialInstruments2018-02-2803167183ns5:Non-currentFinancialInstruments2017-02-2803167183ns5:ShareCapital2018-02-2803167183ns5:ShareCapital2017-02-2803167183ns5:RevaluationReserve2018-02-2803167183ns5:RevaluationReserve2017-02-2803167183ns5:RetainedEarningsAccumulatedLosses2018-02-2803167183ns5:RetainedEarningsAccumulatedLosses2017-02-2803167183ns5:FurnitureFittings2017-03-012018-02-2803167183ns5:MotorVehicles2017-03-012018-02-2803167183ns5:ComputerEquipment2017-03-012018-02-2803167183ns5:LeasedAssetsHeldAsLessee2017-03-012018-02-2803167183ns5:Secured2018-02-2803167183ns5:Secured2017-02-2803167183ns5:RevaluationReserve2017-02-2803167183ns5:RevaluationReserve2017-03-012018-02-2803167183ns10:Director112017-02-2803167183ns10:Director112016-02-2903167183ns10:Director112017-03-012018-02-2803167183ns10:Director112016-03-012017-02-2803167183ns10:Director112018-02-2803167183ns10:Director112017-02-28

REGISTERED NUMBER: 03167183 (England and Wales)

Financial Statements for the Year Ended 28 February 2018

for

Dawson Properties Limited

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

Chartered Accountants' Report

DIRECTORS:

G E Dawson

R J Dawson

SECRETARY:

G E Dawson

REGISTERED OFFICE:

4 Manor Orchard

Harborough Road

Brixworth

Northampton

Northamptonshire

NN6 9BX

REGISTERED NUMBER:

03167183 (England and Wales)

ACCOUNTANTS:

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

FIXED ASSETS

Tangible assets

92,504

103,773

Investments

16,000

Investment property

5,191,854

5,225,001

5,300,358

5,344,774

CURRENT ASSETS

Debtors

412,804

388,236

Cash at bank

100,647

96,276

513,451

484,512

CREDITORS

Amounts falling due within one year

757,215

865,012

NET CURRENT LIABILITIES

(243,764

)

(380,500

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,056,594

4,964,274

CREDITORS

Amounts falling due after more than one
year

(2,472,980

)

(2,538,553

)

PROVISIONS FOR LIABILITIES

(45,365

)

NET ASSETS

2,583,614

2,380,356

CAPITAL AND RESERVES

Called up share capital

10,000

Non-distributable reserve

1,369,817

1,357,152

Retained earnings

1,203,797

1,013,204

SHAREHOLDERS' FUNDS

2,583,614

2,380,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 November 2018 and were signed on its behalf
by:

G E Dawson - Director

R J Dawson - Director

1.	STATUTORY INFORMATION

Dawson Properties Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rentals received from residential properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

20% on reducing balance

Motor vehicles

20% on reducing balance

Computer equipment

20% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost, less any impairment losses.

Investment property

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

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 March 2017

338,227

Additions

11,090

At 28 February 2018

349,317

DEPRECIATION

At 1 March 2017

234,454

Charge for year

22,359

At 28 February 2018

256,813

NET BOOK VALUE

At 28 February 2018

92,504

At 28 February 2017

103,773

The net amount of assets held under hire purchase contracts was £16,800 (2017 - £20,800).

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

COST

At 1 March 2017

and 28 February 2018

16,000

NET BOOK VALUE

At 28 February 2018

16,000

At 28 February 2017

16,000

6.	INVESTMENT PROPERTY

Total

FAIR VALUE

At 1 March 2017

5,225,001

Additions

36,853

Disposals

(70,000

)

At 28 February 2018

5,191,854

NET BOOK VALUE

At 28 February 2018

5,191,854

At 28 February 2017

5,225,001

Fair value at 28 February 2018 is represented by:

Valuation in 2007

1,013,638

Valuation in 2015

74,460

Valuation in 2017

314,420

Cost

3,789,336

5,191,854

If investment properties had not been revalued they would have been included at the following historical cost:

28.2.18

28.2.17

Cost

3,789,336

3,479,303

Investment properties were valued on an open market basis on 28 February 2018 by the Director's. .

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

28.2.18

28.2.17

Repayable by instalments

Bank loans more 5 yr by instal

2,139,177

2,212,987

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.18

28.2.17

Bank loans

2,482,122

2,546,483

Hire purchase contracts

6,720

9,946

2,488,842

2,556,429

RESERVES

Non-distributable

reserve

At 1 March 2017

1,357,152

Investment property

revaluation

(32,700

)

Deferred tax

45,365

At 28 February 2018

1,369,817

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2018 and

28 February 2017:

28.2.18

28.2.17

G E Dawson

Balance outstanding at start of year

Amounts advanced

3,798

Amounts repaid

Amounts written off

Amounts waived

Balance outstanding at end of year

3,798

11.	RELATED PARTY DISCLOSURES

At the year the end, £306,781 was owed to the Company from an associate of Dawson Properties 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 Dawson Properties Limited for the year ended 28 February 2018 which comprise the Income

Statement, Abridged Balance Sheet, Statement of Changes in Equity 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 Dawson Properties 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 Dawson Properties Limited and state those matters that we have agreed to state to the Board of Directors of Dawson Properties 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 Dawson Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dawson Properties 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 Dawson Properties Limited. You consider that Dawson Properties 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 Dawson Properties 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.

CED Accountancy Services Limited

1 Lucas Bridge Business Park

1 Old Greens Norton Road

Towcester

Northamptonshire

NN12 8AX

21 November 2018