Silverfin false 31/03/2023 01/04/2022 31/03/2023 T H Freed 06/04/1999 J A Kennedy 01/07/1987 05 October 2023 The principal activity of the company continued to be that of property investment and holding company. 00432834 2023-03-31 00432834 bus:Director1 2023-03-31 00432834 bus:Director2 2023-03-31 00432834 2022-03-31 00432834 core:CurrentFinancialInstruments 2023-03-31 00432834 core:CurrentFinancialInstruments 2022-03-31 00432834 core:ShareCapital 2023-03-31 00432834 core:ShareCapital 2022-03-31 00432834 core:CapitalRedemptionReserve 2023-03-31 00432834 core:CapitalRedemptionReserve 2022-03-31 00432834 core:RetainedEarningsAccumulatedLosses 2023-03-31 00432834 core:RetainedEarningsAccumulatedLosses 2022-03-31 00432834 core:CostValuation 2022-03-31 00432834 core:CostValuation 2023-03-31 00432834 bus:OrdinaryShareClass1 2023-03-31 00432834 2022-04-01 2023-03-31 00432834 bus:FullAccounts 2022-04-01 2023-03-31 00432834 bus:SmallEntities 2022-04-01 2023-03-31 00432834 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 00432834 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00432834 bus:Director1 2022-04-01 2023-03-31 00432834 bus:Director2 2022-04-01 2023-03-31 00432834 2021-04-01 2022-03-31 00432834 core:Subsidiary1 2022-04-01 2023-03-31 00432834 core:Subsidiary1 1 2022-04-01 2023-03-31 00432834 core:Subsidiary1 1 2021-04-01 2022-03-31 00432834 core:Subsidiary2 2022-04-01 2023-03-31 00432834 core:Subsidiary2 1 2022-04-01 2023-03-31 00432834 core:Subsidiary2 1 2021-04-01 2022-03-31 00432834 core:Subsidiary3 2022-04-01 2023-03-31 00432834 core:Subsidiary3 1 2022-04-01 2023-03-31 00432834 core:Subsidiary3 1 2021-04-01 2022-03-31 00432834 core:Subsidiary4 2022-04-01 2023-03-31 00432834 core:Subsidiary4 1 2022-04-01 2023-03-31 00432834 core:Subsidiary4 1 2021-04-01 2022-03-31 00432834 core:Subsidiary5 2022-04-01 2023-03-31 00432834 core:Subsidiary5 1 2022-04-01 2023-03-31 00432834 core:Subsidiary5 1 2021-04-01 2022-03-31 00432834 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 00432834 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 00432834 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 00432834 (England and Wales)

D.A.W CONSOLIDATED PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

D.A.W CONSOLIDATED PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

D.A.W CONSOLIDATED PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
D.A.W CONSOLIDATED PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Investment property 4 35,652 35,652
Investments 5 18,945 18,945
54,597 54,597
Current assets
Debtors 6 603,473 588,788
Cash at bank and in hand 4,256,821 4,278,178
4,860,294 4,866,966
Creditors: amounts falling due within one year 7 ( 293,358) ( 251,419)
Net current assets 4,566,936 4,615,547
Total assets less current liabilities 4,621,533 4,670,144
Net assets 4,621,533 4,670,144
Capital and reserves
Called-up share capital 8 37,098 37,098
Capital redemption reserve 28,302 28,302
Profit and loss account 4,556,133 4,604,744
Total shareholder's funds 4,621,533 4,670,144

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of D.A.W Consolidated Properties Limited (registered number: 00432834) were approved and authorised for issue by the Director. They were signed on its behalf by:

J A Kennedy
Director

05 October 2023

D.A.W CONSOLIDATED PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
D.A.W CONSOLIDATED PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D.A.W Consolidated Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for gross rental income from the company's investment properties, all of which arose in the United Kingdom.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is recognised at cost, which includes the purchase cost and any directly attributable expenditure. Investment property has not been measured at fair value at the reporting end date, which is not compliant with FRS 102.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the Statement of Income and Retained Earnings.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Investment property

Investment property
£
Valuation
As at 01 April 2022 35,652
As at 31 March 2023 35,652

The investment property is included at cost which is not compliant with FRS 102 which requires investment property to be included at fair value.

5. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 April 2022 18,945
At 31 March 2023 18,945
Carrying value at 31 March 2023 18,945
Carrying value at 31 March 2022 18,945

Investments in shares

Name of entity Registered office Nature of business Class of
shares
Ownership
31.03.2023
Ownership
31.03.2022
Bexley Heath Properties Limited 35 Ballards Lane, London, N3 1XW Investment property Ordinary 100.00% 100.00%
Foley Street Properties Limited 35 Ballards Lane, London, N3 1XW Investment property Ordinary 100.00% 100.00%
Highlyn Properties Limited 35 Ballards Lane, London, N3 1XW Investment property Ordinary 100.00% 100.00%
Morbay Properties Limited 35 Ballards Lane, London, N3 1XW Investment property Ordinary 100.00% 100.00%
Quenton Properties Limited 35 Ballards Lane, London, N3 1XW Investment property Ordinary 100.00% 100.00%

6. Debtors

2023 2022
£ £
Trade debtors 23,196 5,500
Amounts owed by Group undertakings 580,277 580,277
Other debtors 0 3,011
603,473 588,788

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 14,192 13,175
Amounts owed to Group undertakings 266,604 224,573
Taxation and social security 9,192 13,671
Other creditors 3,370 0
293,358 251,419

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
37,098 Ordinary shares of £ 1.00 each 37,098 37,098

9. Ultimate controlling party

The ultimate parent undertaking is Oxford Street And Bond Street Properties Limited, a private company limited by shares incorporated in England and Wales. The registered office address of Oxford Street And Bond Street Properties Limited is at 35 Ballards Lane, London, N3 1XW.