Dragon Properties (Wales) Limited 05516200 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is The principal activity of the company during the year was that of property rental. Digita Accounts Production Advanced 6.30.9574.0 true 05516200 2022-08-01 2023-07-31 05516200 2023-07-31 05516200 core:RetainedEarningsAccumulatedLosses 2023-07-31 05516200 core:RevaluationReserve 2023-07-31 05516200 core:ShareCapital 2023-07-31 05516200 core:CurrentFinancialInstruments 2023-07-31 05516200 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 05516200 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 05516200 bus:SmallEntities 2022-08-01 2023-07-31 05516200 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 05516200 bus:FullAccounts 2022-08-01 2023-07-31 05516200 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05516200 bus:RegisteredOffice 2022-08-01 2023-07-31 05516200 bus:CompanySecretaryDirector1 2022-08-01 2023-07-31 05516200 bus:Director1 2022-08-01 2023-07-31 05516200 bus:Director2 2022-08-01 2023-07-31 05516200 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05516200 bus:Agent1 2022-08-01 2023-07-31 05516200 countries:EnglandWales 2022-08-01 2023-07-31 05516200 2022-07-31 05516200 2021-08-01 2022-07-31 05516200 2022-07-31 05516200 core:RetainedEarningsAccumulatedLosses 2022-07-31 05516200 core:RevaluationReserve 2022-07-31 05516200 core:ShareCapital 2022-07-31 05516200 core:CurrentFinancialInstruments 2022-07-31 05516200 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 05516200 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 iso4217:GBP xbrli:pure

Company registration number: 05516200

Dragon Properties (Wales) Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Dragon Properties (Wales) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 6

 

Dragon Properties (Wales) Limited

Company Information

Directors

Mr T Hayes

Mrs J Hatton

Mrs J Hayes

Company secretary

Mrs J Hayes

Registered office

London House Bron Y Llan Road
Llysfaen
Colwyn Bay
Conwy
LL29 8TP

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dragon Properties (Wales) Limited
for the Year Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dragon Properties (Wales) Limited for the year ended 31 July 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Dragon Properties (Wales) Limited, as a body, in accordance with the terms of our engagement letter dated 19 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of Dragon Properties (Wales) Limited and state those matters that we have agreed to state to the Board of Directors of Dragon Properties (Wales) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dragon Properties (Wales) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dragon Properties (Wales) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dragon Properties (Wales) Limited. You consider that Dragon Properties (Wales) 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 accounts of Dragon Properties (Wales) 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 accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

4 April 2024

 

Dragon Properties (Wales) Limited

(Registration number: 05516200)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

246,202

246,202

Current assets

 

Debtors

5

589

610

Cash at bank and in hand

 

9,006

5,472

 

9,595

6,082

Creditors: Amounts falling due within one year

6

(180,040)

(179,237)

Net current liabilities

 

(170,445)

(173,155)

Total assets less current liabilities

 

75,757

73,047

Creditors: Amounts falling due after more than one year

6

(9,856)

(17,296)

Provisions for liabilities

(5,276)

(5,276)

Net assets

 

60,625

50,475

Capital and reserves

 

Called up share capital

1,000

1,000

Fair value reserve

22,493

22,493

Retained earnings

37,132

26,982

Shareholders' funds

 

60,625

50,475

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Dragon Properties (Wales) Limited

(Registration number: 05516200)
Balance Sheet as at 31 July 2023

Approved and authorised by the Board on 26 March 2024 and signed on its behalf by:
 

.........................................
Mr T Hayes
Director

 

Dragon Properties (Wales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
London House Bron Y Llan Road
Llysfaen
Colwyn Bay
Conwy
LL29 8TP
Wales

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit and loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of rents receivable in the year.

Deferred Tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly
attributable expenditure. Investment property is revalued to its fair value at each reporting date
and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is
no longer available without undue cost or effort for an item of investment property, it shall be
transferred to tangible assets and treated as such until it is expected that fair value will be reliably
measurable on an on-going basis.

 

Dragon Properties (Wales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Investment properties

2023
£

At 1 August

246,202

At 31 July

246,202

The company's investment properties are stated at the open market value as at 31 July 2023, as
valued by the directors.

5

Debtors

2023
£

2022
£

Trade debtors

377

451

Other debtors

212

159

589

610

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7,275

7,075

Corporation tax

 

2,378

2,706

Other creditors

 

170,387

169,456

 

180,040

179,237

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Bank loans and overdrafts

9,856

17,296

Creditors include a bank loan of £17,131 (2022: £24,371 ) which is secured on the property to which it relates.