DWYER ASSET MANAGEMENT LIMITED

DWYER ASSET MANAGEMENT LIMITED

DWYER ASSET MANAGEMENT LIMITED - Company Information

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DWYER ASSET MANAGEMENT LIMITED

Company Registration Number:
05236966 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

DWYER ASSET MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

DWYER ASSET MANAGEMENT LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 4,700 10,151
Total fixed assets: 4,700 10,151
Current assets
Debtors: 4 1,478,636 1,818,097
Cash at bank and in hand: 225,019 285,084
Total current assets: 1,703,655 2,103,181
Net current assets (liabilities): 1,703,655 2,103,181
Total assets less current liabilities: 1,708,355 2,113,332
Creditors: amounts falling due after more than one year:   (379,056) (799,948)
Total net assets (liabilities): 1,329,299 1,313,384
Capital and reserves
Called up share capital: 250,000 250,000
Profit and loss account: 1,079,299 1,063,384
Shareholders funds: 1,329,299 1,313,384

The notes form part of these financial statements

DWYER ASSET MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 March 2021 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 December 2021
and signed on behalf of the board by:

Name: Simon Dunne
Status: Director

The notes form part of these financial statements

DWYER ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DWYER ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 10 10

DWYER ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 101,598
Additions 733
At 31 March 2021 102,331
Depreciation
At 01 April 2020 91,447
Charge for year 6,184
At 31 March 2021 97,631
Net book value
At 31 March 2021 4,700
At 31 March 2020 10,151

DWYER ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

DWYER ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Loans to directors

Name of director receiving advance or credit: Joseph Esfandi
Description of the loan: The amount is unsecured and repayable on demand. Interest is charged at a rate of 2.5% per annum.
£
Balance at 01 April 2020 116,688
Advances or credits made: 1,655,005
Advances or credits repaid: 1,764,694
Balance at 31 March 2021 6,999
Name of director receiving advance or credit: Michael Esfandi
Description of the loan: The amount is unsecured and repayable on demand. Interest is charged at a rate of 2.5% per annum.
£
Balance at 01 April 2020 756
Advances or credits made: 569
Balance at 31 March 2021 1,325

DWYER ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

6. Related party transactions

Name of the related party:
Relationship:
Fellow Group Undertaking
Description of the Transaction: Included within debtors is £747,426 (2020: £988,372) owed by group undertakings.
£
Balance at 01 April 2020 988,372
Balance at 31 March 2021 747,426
Name of the related party:
Relationship:
Fellow Group Undertaking
Description of the Transaction: Included within creditors is £312,875 (2020: £683,553) owed to group undertakings.
£
Balance at 01 April 2020 683,553
Balance at 31 March 2021 312,875
Name of the related party:
Relationship:
Fellow Group Undertaking
Description of the Transaction: Included within interest receivable and similar income is interest receivable from group undertakings of £22,246 (2020: £31,862) and from directors of £2,394 (2020: £616).
£
Balance at 01 April 2020 32,478
Balance at 31 March 2021 24,640
Name of the related party:
Relationship:
Fellow Group Undertaking
Description of the Transaction: Included within interest payable and similar charges is interest payable to group undertakings of £10,846 (2020: £14,334).
£
Balance at 01 April 2020 14,334
Balance at 31 March 2021 10,846
Name of the related party:
Relationship:
Fellow Group Undertaking
Description of the Transaction: Included within turnover is management fees receivable from group undertakings of £285,000 (2020: £243,250).
£
Balance at 01 April 2020 243,250
Balance at 31 March 2021 285,000