Dawan Developments Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08572384 (England and Wales)

Dawan Developments Limited

Unaudited Financial Statements

for the Year Ended 29 June 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A A Ismail

REGISTERED OFFICE:

Unit 8 Atlantic Point

Atlantic Trading Estate

Barry

Vale of Glamorgan

CF63 3AA

REGISTERED NUMBER:

08572384 (England and Wales)

ACCOUNTANTS:

O'Brien and Partners

Accountants & Business Advisors

Highdale House

7 Centre Court

Treforest Industrial Estate

Pontypridd

Rhondda Cynon Taff

CF37 5YR

FIXED ASSETS

Tangible assets

4

244,114

244,114

CURRENT ASSETS

Debtors

5

789,561

787,714

Cash at bank and in hand

19,880

15,678

809,441

803,392

CREDITORS

Amounts falling due within one year

6

898,822

892,423

NET CURRENT LIABILITIES

(89,381

)

(89,031

)

TOTAL ASSETS LESS CURRENT LIABILITIES

154,733

155,083

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

149,733

150,083

154,733

155,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:

A A Ismail - Director

1.	STATUTORY INFORMATION

Dawan Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 30 June 2022

and 29 June 2023

244,114

NET BOOK VALUE

At 29 June 2023

244,114

At 29 June 2022

244,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.6.23

29.6.22

£

£

Trade debtors

23,312

19,599

Other debtors

766,249

768,115

789,561

787,714

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.6.23

29.6.22

£

£

Trade creditors

87

-

Taxation and social security

33,213

33,213

Other creditors

865,522

859,210

898,822

892,423