Dudarwin Properties Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC042201 (Scotland)

Financial Statements for the Year Ended 31 May 2017

for

DUDARWIN PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

Miss H Kowalski

Mrs A Darby

SECRETARY:

Mrs J Anderson

REGISTERED OFFICE:

13 Hope Street

Lanark

ML11 7NL

REGISTERED NUMBER:

SC042201 (Scotland)

ACCOUNTANTS:

G O Thomson & Co

Chartered Accountants

13 Hope Street

Lanark

ML11 7NL

SOLICITORS:

Peterkins

Solicitors

Kensington House

227 Sauchihall Street

Glasgow

G2 3EX

FIXED ASSETS

Tangible assets

4

6,155

6,613

CURRENT ASSETS

Debtors

5

3,500

3,500

Cash at bank

4,804

1,682

8,304

5,182

CREDITORS

Amounts falling due within one year

6

31,335

28,854

NET CURRENT LIABILITIES

(23,031

)

(23,672

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,876

)

(17,059

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(16,976

)

(17,159

)

SHAREHOLDERS' FUNDS

(16,876

)

(17,059

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 17 August 2017 and were signed on its behalf by:

Miss H Kowalski - Director

1.	STATUTORY INFORMATION

Dudarwin Properties Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover comprises rents receivable in the year.

Tangible fixed assets

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

Land & buildings

-

not provided

Fixtures and fittings

-

20% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land &

and

buildings

fittings

Totals

£

£

£

COST

At 1 June 2016

and 31 May 2017

4,310

17,997

22,307

DEPRECIATION

At 1 June 2016

-

15,694

15,694

Charge for year

-

458

458

At 31 May 2017

-

16,152

16,152

NET BOOK VALUE

At 31 May 2017

4,310

1,845

6,155

At 31 May 2016

4,310

2,303

6,613

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

3,500

3,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

400

400

Other creditors

30,935

28,454

31,335

28,854

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss H Kowalski.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Dudarwin Properties Limited for the year ended 31 May 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Dudarwin Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dudarwin Properties Limited and state those matters that we have agreed to state to the Board of Directors of Dudarwin Properties Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dudarwin Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dudarwin Properties Limited. You consider that Dudarwin Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dudarwin Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

G O Thomson & Co

Chartered Accountants

13 Hope Street

Lanark

ML11 7NL

17 August 2017