Abbreviated Company Accounts - DAUWALDER'S (STAMP DEALERS) LIMITED

DAUWALDER'S (STAMP DEALERS) LIMITED - Company Information

03319119 DAUWALDER'S (STAMP DEALERS) LIMITED 2014-05-31 false 2013-01-01 2014-05-31 true 03319119 2013-01-01 2014-05-31 03319119 2014-05-31 03319119 2012-12-31 03319119 uk-gaap-cd-bus:Director1 2013-01-01 2014-05-31 03319119 uk-gaap-cd-bus:Director2 2013-01-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-01-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-01-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass3 2012-12-31 iso4217:GBP shares

Registered Number 03319119

DAUWALDER'S (STAMP DEALERS) LIMITED

Abbreviated Accounts

31 May 2014

DAUWALDER'S (STAMP DEALERS) LIMITED Registered Number 03319119

Abbreviated Balance Sheet as at 31 May 2014

	Notes	31/05/2014	31/12/2012
		£	£
Fixed assets
Investments	2	1	1,767,679
		1	1,767,679
Current assets
Debtors		1,714,261	-
Cash at bank and in hand		24,625	12,679
		1,738,886	12,679
Creditors: amounts falling due within one year		(62,455)	(200,386)
Net current assets (liabilities)		1,676,431	(187,707)
Total assets less current liabilities		1,676,432	1,579,972
Creditors: amounts falling due after more than one year		(539,275)	(535,500)
Provisions for liabilities		0	(230)
Total net assets (liabilities)		1,137,157	1,044,242
Capital and reserves
Called up share capital	3	51,000	51,000
Share premium account		8,000	8,000
Other reserves		193,000	141,000
Profit and loss account		885,157	844,242
Shareholders' funds		1,137,157	1,044,242

For the year ending 31 May 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 February 2015

And signed on their behalf by:
P S Dauwalder, Director

DAUWALDER'S (STAMP DEALERS) LIMITED Registered Number 03319119

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Fixed asset investment:
The fixed asset investment representing the Company's membership interest in the philatelic, printing and publishing business of Dauwaldes' LLP, is stated at the lower of cost plus balance of profit share due; and, its impaired value. This investment was disposed of on 6 April 2014 (see note 2).

Taxation:
Corporation tax is charged on the Company's assessable profits at the applicable small companies rate for the year. Deferred tax is provided in full on the Company's share of timing differences in the partnership that have originated and not reversed in the accounting period at the rate expected to apply when the timing differences reverse.

2Fixed assets Investments
Fixed Asset Investment:
31/12/12
Investment in subsidiary company £ £
Cost
Additions on 6 April 2014 1 -
At 31 May 2014 1 -

The company holds 100% of the ordinary share capital in Dauwalders' Ltd, a company incorporated in England and Wales. The company was dormant in this financial period.

Membership interest in Dauwalders' LLP
Investment at cost 311,500 311,500
Add: Balance of profit share due 1,264,262 1,456,179
Disposal (1,575,762) -
- 1,767,679

3Called Up Share Capital
Allotted, called up and fully paid:

	31/05/2014 £	31/12/2012 £
1,000 Ordinary shares of £1 each	1,000	1,000
49,000 Ordinary 2007 shares of £1 each	49,000	49,000
1,000 Preferred Ordinary shares of £1 each	1,000	1,000

Redeemable preference shares (included in liabilities):
Nominal value - £1 each
Number - 407,000 (at 31/12/12 and 31/05/14)
Value - £407,000 (at 31/12/12 and 31/05/14)

The redeemable preference shares are redeemable in respect of any holder thereof in whole or in part at the Company's option at any time between 28 November 2008 and the final redemption date of 28 November 2022. For redemptions after 28 November 2009, a premium of 5 pence per share shall be paid for each year or part thereof that elapses.