DAWNDALE_LIMITED - Accounts

DAWNDALE LIMITED - Company Information

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Company Registration No. 01379306 (England and Wales)

DAWNDALE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

DAWNDALE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DAWNDALE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

3,140,000

Current assets

Debtors

503,125

410,081

Cash at bank and in hand

43,286

41,099

546,411

451,180

Creditors: amounts falling due within one year

(80,241)

(83,423)

Net current assets

466,170

367,757

Total assets less current liabilities

3,606,170

3,507,757

Capital and reserves

Called up share capital

500

Revaluation reserve

3,014,617

Profit and loss account

591,053

492,640

Shareholders' funds

3,606,170

3,507,757

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 2 September 2015

Mr W G V Hall

Director

Company Registration No. 01379306

DAWNDALE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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 goods and services net of VAT and trade discounts.

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:

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 April 2008), 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 directors 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.

Investment properties and completed developments are included in the financial statements at open market value and are shown under land and buildings in fixed assets. Revaluations are conducted annually and any surpluses or deficits are transferred to the revaluation reserve. Properties acquired and held for development are shown at cost under development works in progress.

1.5

Deferred taxation

No provision has been made for deferred tax on gains recognised on revaluing property to its market value as the company does not intend to sell the revalued asset.

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2014 & at 31 March 2015

3,140,000

At 31 March 2014

3,140,000

DAWNDALE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

500 Ordinary shares of £1 each

500

Ultimate parent company

The company is a wholly owned subsidiary of Springvale Properties Limited, incorporated in England and Wales.

The directors regard W G V Hall as the ultimate controlling party by virtue of his controlling interest in the issued share capital of Springvale Properties Limited.