IRIS Accounts Production v23.3.1.45 01923242 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019232422022-03-31019232422023-03-31019232422022-04-012023-03-31019232422021-03-31019232422021-04-012022-03-31019232422022-03-3101923242ns10:Originalns15:EnglandWales2022-04-012023-03-3101923242ns14:PoundSterlingns10:Original2022-04-012023-03-3101923242ns10:Originalns10:Director12022-04-012023-03-3101923242ns10:Original2022-04-012023-03-3101923242ns10:Original2023-03-3101923242ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3101923242ns10:Originalns10:SmallEntities2022-04-012023-03-3101923242ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3101923242ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3101923242ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3101923242ns10:Originalns10:FullAccounts2022-04-012023-03-3101923242ns10:Originalns10:Director22022-04-012023-03-3101923242ns10:CompanySecretary1ns10:Original2022-04-012023-03-3101923242ns10:Originalns10:RegisteredOffice2022-04-012023-03-3101923242ns10:Original2022-03-3101923242ns10:Originalns5:CurrentFinancialInstruments2023-03-3101923242ns10:Originalns5:CurrentFinancialInstruments2022-03-3101923242ns5:ShareCapitalns10:Original2023-03-3101923242ns5:ShareCapitalns10:Original2022-03-3101923242ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3101923242ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3101923242ns10:Original2021-04-012022-03-3101923242ns10:Originalns5:PlantMachinery2022-03-3101923242ns10:Originalns5:PlantMachinery2022-04-012023-03-3101923242ns10:Originalns5:PlantMachinery2023-03-3101923242ns10:Originalns5:PlantMachinery2022-03-3101923242ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101923242ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 01923242 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DALWOOD PROPERTIES LIMITED

DALWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 01923242)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DALWOOD PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Raymond Franklin
Patricia Franklin





SECRETARY: Patricia Franklin





REGISTERED OFFICE: C/o Defries Weiss
1 Bridge Lane
London
NW11 0EA





REGISTERED NUMBER: 01923242 (England and Wales)





ACCOUNTANTS: Defries Weiss (Accountants) Limited
1 Bridge Lane
London
NW11 0EA

DALWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 01923242)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 344 469

CURRENT ASSETS
Stocks 273,252 273,252
Debtors 5 841,810 1,065,328
Cash at bank 671,725 484,022
1,786,787 1,822,602
CREDITORS
Amounts falling due within one year 6 475,905 412,487
NET CURRENT ASSETS 1,310,882 1,410,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,311,226

1,410,584

PROVISIONS FOR LIABILITIES 65 89
NET ASSETS 1,311,161 1,410,495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,311,061 1,410,395
SHAREHOLDERS' FUNDS 1,311,161 1,410,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

DALWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 01923242)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 24 October 2023 and were signed on its behalf by:





Raymond Franklin - Director


DALWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 01923242)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Dalwood Properties Limited is a private company, limited by shares, registered in England and Wales. The company's 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts.

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

Fixtures and fittings- 25% on reducing balance
Computer equipment- 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

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.





DALWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 01923242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 4,799
DEPRECIATION
At 1 April 2022 4,330
Charge for year 125
At 31 March 2023 4,455
NET BOOK VALUE
At 31 March 2023 344
At 31 March 2022 469

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 71,810 45,328
Sundry debtors 770,000 1,020,000
841,810 1,065,328

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 6,301 19,132
Sundry creditors 469,604 393,355
475,905 412,487