DAWNER LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: 02162187 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

DAWNER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr. A S Cohen

SECRETARY:

Mrs. A Cohen

REGISTERED OFFICE:

34 Highfield Gardens

Golders Green

LONDON

NW11 9HB

REGISTERED NUMBER:

02162187 (England and Wales)

ACCOUNTANTS:

Passer Chevern & Co

Chartered Accountants

5 Spring Villa Road

Edgware

Middlesex

HA8 7EB

FIXED ASSETS

Tangible assets

2

758,543

729,394

Investments

3

574,758

574,758

1,333,301

1,304,152

CURRENT ASSETS

Debtors

1,715,864

1,544,172

Cash at bank

42,689

8,595

1,758,553

1,552,767

CREDITORS

Amounts falling due within one year

499,365

284,670

NET CURRENT ASSETS

1,259,188

1,268,097

TOTAL ASSETS LESS CURRENT LIABILITIES

2,592,489

2,572,249

CREDITORS

Amounts falling due after more than one year

4

1,990,000

2,035,000

NET ASSETS

602,489

537,249

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

602,389

537,149

SHAREHOLDERS' FUNDS

602,489

537,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 January 2017 and were signed by:

Mr. A S Cohen - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about DAWNER LIMITED as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents rent receivable and coin-operated launderettes taking.

Tangible fixed assets

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

Freehold property

-

not provided

Improvements to property

-

not provided

Computer equipment

-

10% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

783,431

Additions

29,204

At 31 December 2015

812,635

DEPRECIATION

At 1 January 2015

54,037

Charge for year

55

At 31 December 2015

54,092

NET BOOK VALUE

At 31 December 2015

758,543

At 31 December 2014

729,394

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

574,758

NET BOOK VALUE

At 31 December 2015

574,758

At 31 December 2014

574,758

Dawner Limited is the beneficial owner of the whole of the issued share capital of Dawner Investments Limited

which is registered in England and Wales, company number 05971192.

The share capital and reserves at 31 December 2015 was £1,827,575 (2014 £1,827,575).

Dawner Investments Ltd did not trade during the year ended 31 December 2015.

4.

CREDITORS

Creditors include an amount of £ 1,990,000 (31.12.14 - £ 2,035,000 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Company rents a commercial property from the director at market value rent of £10,000 (2014 £10,000) per

annum.