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REGISTERED NUMBER: 11432619 (England and Wales)















DREADNOUGHT PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023






DREADNOUGHT PROPERTIES LIMITED (REGISTERED NUMBER: 11432619)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DREADNOUGHT PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: S F Travers





REGISTERED OFFICE: 160 Rhyddings Terrace
Brynmill
Swansea
SA2 0DP





REGISTERED NUMBER: 11432619 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

DREADNOUGHT PROPERTIES LIMITED (REGISTERED NUMBER: 11432619)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,065,000 885,805

CURRENT ASSETS
Debtors 5 2,355 2,870
Cash at bank 1,792 3,166
4,147 6,036
CREDITORS
Amounts falling due within one year 6 204,889 186,627
NET CURRENT LIABILITIES (200,742 ) (180,591 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

864,258

705,214

CREDITORS
Amounts falling due after more than one
year

7

(578,724

)

(556,567

)

PROVISIONS FOR LIABILITIES (54,281 ) (27,782 )
NET ASSETS 231,253 120,865

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 262,567 167,726
Retained earnings (31,414 ) (46,961 )
SHAREHOLDERS' FUNDS 231,253 120,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DREADNOUGHT PROPERTIES LIMITED (REGISTERED NUMBER: 11432619)

BALANCE SHEET - continued
30TH JUNE 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th March 2024 and were signed by:





S F Travers - Director


DREADNOUGHT PROPERTIES LIMITED (REGISTERED NUMBER: 11432619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Dreadnought Properties Limited is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

DREADNOUGHT PROPERTIES LIMITED (REGISTERED NUMBER: 11432619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022 885,805
Additions 57,855
Revaluations 121,340
At 30th June 2023 1,065,000
NET BOOK VALUE
At 30th June 2023 1,065,000
At 30th June 2022 885,805

Fair value at 30th June 2023 is represented by:
£   
Valuation in 2021 99,603
Valuation in 2022 95,905
Valuation in 2023 112,532
Cost 756,960
1,065,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,033 -
Other debtors 166 1,180
Prepayments 1,156 1,690
2,355 2,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 193,301 171,889
Accrued expenses 11,588 14,738
204,889 186,627

DREADNOUGHT PROPERTIES LIMITED (REGISTERED NUMBER: 11432619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Mortgages 426,566 426,567
Other loans 152,158 130,000
578,724 556,567

Amounts falling due in more than five years:

Repayable by instalments
Mortgages 426,566 426,567

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 426,566 426,566
Other loans 107,363 120,000
533,929 546,566

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1st July 2022 167,726
Fair value reserve transfer 121,339
Deferred tax (26,498 )

At 30th June 2023 262,567

DREADNOUGHT PROPERTIES LIMITED (REGISTERED NUMBER: 11432619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

11. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan creditor at the year end due to SF Travers of £193,301 (2022:£171,889).

The director SF Travers has provided personal guarantees for the bank loans in the company amounting to £333,600.