Dewstone Builders Limited Filleted accounts for Companies House (small and micro)

DEWSTONE BUILDERS LIMITED - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2019-12-01 Sage Accounts Production Advanced 2020 - FRS102_2019 1,818,309 645,979 2,464,288 2,464,288 1,818,309 xbrli:pure xbrli:shares iso4217:GBP 11053402 2019-12-01 2020-11-30 11053402 2020-11-30 11053402 2019-11-30 11053402 2019-11-30 11053402 bus:Director1 2019-12-01 2020-11-30 11053402 core:LandBuildings core:OwnedOrFreeholdAssets 2019-12-01 2020-11-30 11053402 core:WithinOneYear 2020-11-30 11053402 core:WithinOneYear 2019-11-30 11053402 core:AfterOneYear 2020-11-30 11053402 core:AfterOneYear 2019-11-30 11053402 core:ShareCapital 2020-11-30 11053402 core:ShareCapital 2019-11-30 11053402 core:RetainedEarningsAccumulatedLosses 2020-11-30 11053402 core:RetainedEarningsAccumulatedLosses 2019-11-30 11053402 core:LandBuildings core:OwnedOrFreeholdAssets 2020-11-30 11053402 core:LandBuildings core:OwnedOrFreeholdAssets 2019-11-30 11053402 core:LandBuildings core:OwnedOrFreeholdAssets 2019-11-30 11053402 bus:SmallEntities 2019-12-01 2020-11-30 11053402 bus:AuditExempt-NoAccountantsReport 2019-12-01 2020-11-30 11053402 bus:FullAccounts 2019-12-01 2020-11-30 11053402 bus:SmallCompaniesRegimeForAccounts 2019-12-01 2020-11-30 11053402 bus:PrivateLimitedCompanyLtd 2019-12-01 2020-11-30

COMPANY REGISTRATION NUMBER: 11053402

Dewstone Builders Limited

Filleted Unaudited Financial Statements

30 November 2020

Dewstone Builders Limited

Statement of Financial Position

30 November 2020

	2020	2019
Note	£	£

Fixed assets

Tangible assets	4	2,464,288	1,818,309

Current assets

Debtors	5	32,308	561,313
Cash at bank and in hand		1	1
		--------	---------
		32,309	561,314

Creditors: amounts falling due within one year	6	1,714,267	1,560,408
		------------	------------
Net current liabilities		1,681,958	999,094
		------------	------------
Total assets less current liabilities		782,330	819,215

Creditors: amounts falling due after more than one year	7	859,259	859,259
		---------	---------
Net liabilities		( 76,929)	( 40,044)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 76,930)	( 40,045)
	--------	--------
Shareholders deficit	( 76,929)	( 40,044)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2020 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 .

Dewstone Builders Limited

Statement of Financial Position (continued)

30 November 2020

These financial statements were approved by the board of directors and authorised for issue on 3 March 2022 , and are signed on behalf of the board by:

Mr J Feldman
Director

Company registration number: 11053402

Dewstone Builders Limited

Notes to the Financial Statements

Year ended 30 November 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Freehold property
	£
Cost
At 1 December 2019	1,818,309
Additions	645,979
	------------
At 30 November 2020	2,464,288
	------------
Depreciation
At 1 December 2019 and 30 November 2020	–
	------------
Carrying amount
At 30 November 2020	2,464,288
	------------
At 30 November 2019	1,818,309
	------------

5. Debtors

	2020	2019
	£	£
Trade debtors	9,100	5,750
Amounts owed by group undertakings and undertakings in which the company has a participating interest	23,208	555,563
	--------	---------
	32,308	561,313
	--------	---------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	3,000	3,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,709,534	1,556,308
Other creditors	1,733	1,100
	------------	------------
	1,714,267	1,560,408
	------------	------------

7. Creditors: amounts falling due after more than one year

	2020	2019
	£	£
Bank loans and overdrafts	859,259	859,259
	---------	---------