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REGISTERED NUMBER: SC316720 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2018

for

Dawe Properties Limited

Dawe Properties Limited (Registered number: SC316720)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dawe Properties Limited

Company Information
for the Year Ended 28 February 2018







DIRECTORS: Dr Lynn Walker
Miss Hollie A Walker
Miss Rhona J Walker





SECRETARY: Dr Lynn Walker





REGISTERED OFFICE: Craighead
Linn Road
Craigmaddie
Milngavie
G62 8LB





REGISTERED NUMBER: SC316720 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Dawe Properties Limited (Registered number: SC316720)

Balance Sheet
28 February 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,051,673 3,051,968

CURRENT ASSETS
Cash at bank 59,364 45,813

CREDITORS
Amounts falling due within one year 5 733,105 735,076
NET CURRENT LIABILITIES (673,741 ) (689,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,377,932

2,362,705

PROVISIONS FOR LIABILITIES 6 1,485 60,983
NET ASSETS 2,376,447 2,301,722

CAPITAL AND RESERVES
Called up share capital 100 100
Capital reserve 1,859,000 1,859,000
Fair value reserve 7 319,480 259,982
Retained earnings 197,867 182,640
SHAREHOLDERS' FUNDS 2,376,447 2,301,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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.

Dawe Properties Limited (Registered number: SC316720)

Balance Sheet - continued
28 February 2018



The financial statements were approved by the Board of Directors on 7 November 2018 and were signed on
its behalf by:





Dr Lynn Walker - Director


Dawe Properties Limited (Registered number: SC316720)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

Dawe 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent received.

Tangible fixed assets
The cost of tangible fixed assets is their cost, together with any incidental costs of acquisition.

Investment properties are included at fair value. Gains or losses on revaluations are recognised in the
income statement. Deferred taxation is provided on these gains at the rate expected to apply when the
property is sold.

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

Investment properties - not provided
Fittings and equipment - 15% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable
or payable within one year, are recorded at transaction price. Any losses arising from impairment are
recognised in the profit and loss account in administrative expenses.

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.


Dawe Properties Limited (Registered number: SC316720)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

2. ACCOUNTING POLICIES - continued
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 3 (2017 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fittings
Investment and
properties equipment Totals
£    £    £   
COST OR VALUATION
At 1 March 2017
and 28 February 2018 3,050,000 10,000 3,060,000
DEPRECIATION
At 1 March 2017 - 8,032 8,032
Charge for year - 295 295
At 28 February 2018 - 8,327 8,327
NET BOOK VALUE
At 28 February 2018 3,050,000 1,673 3,051,673
At 28 February 2017 3,050,000 1,968 3,051,968

Cost or valuation at 28 February 2018 is represented by:

Fittings
Investment and
properties equipment Totals
£    £    £   
Valuation in 2017 3,050,000 - 3,050,000
Cost - 10,000 10,000
3,050,000 10,000 3,060,000

Dawe Properties Limited (Registered number: SC316720)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

4. TANGIBLE FIXED ASSETS - continued

If investment properties had not been revalued they would have been included at the following
historical cost:

2018 2017
£    £   
Cost 2,729,035 2,729,035

The market values of the investment properties have been arrived at on the basis of a valuation carried
out on 28 February 2017 by the directors of the company who are not professionally qualified valuers.
The valuation was arrived at by reference to market evidence of transaction prices for similar
properties in their location and takes into account the state of the rental market in the areas where the
properties are situated.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 7,199 7,841
Other creditors 725,906 727,235
733,105 735,076

6. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 1,485 60,983

Deferred
tax
£   
Balance at 1 March 2017 60,983
Credit to Income Statement during year (59,498 )
Balance at 28 February 2018 1,485

7. RESERVES

The capital reserve of £1,859,000 at 28 February 2018 (2017 £1,859,000) represents the value of
properties bequeathed to the company by a relative of Dr L Walker.

Fair value reserve arose following revaluation of investment properties.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company received rent during the year from properties owned by Dr L Walker which it occupies on a rent free basis .

Dawe Properties Limited (Registered number: SC316720)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

9. ULTIMATE CONTROLLING PARTY

The company was under the control of Dr L Walker, a director, throughout the period.