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REGISTERED NUMBER: 11221599 (England and Wales)








Unaudited Financial Statements for the Year Ended 31 March 2023


for



S R Dickson Properties Limited


S R Dickson Properties Limited (Registered number: 11221599)







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




S R Dickson Properties Limited


Company Information

for the Year Ended 31 March 2023









DIRECTORS:

S Dickson


Ms F Boutarfas







SECRETARY:

S Dickson







REGISTERED OFFICE:

Woodlands Grange


Woodlands Lane


Bradley Stoke


Bristol


BS32 4JY







REGISTERED NUMBER:

11221599 (England and Wales)







ACCOUNTANTS:

Dunkley's


Woodlands Grange


Woodlands Lane


Bradley Stoke


Bristol


BS32 4JY


S R Dickson Properties Limited (Registered number: 11221599)


Balance Sheet

31 March 2023



31.3.23

31.3.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

77,197


70,386



Investment property

5

15,661,503


14,808,875



15,738,700


14,879,261




CURRENT ASSETS

Debtors

6

-


15,112



Cash at bank and in hand

180,318


212,978



180,318


228,090



CREDITORS

Amounts falling due within one year

7

143,301


161,195



NET CURRENT ASSETS

37,017


66,895



TOTAL ASSETS LESS CURRENT LIABILITIES

15,775,717


14,946,156




CREDITORS

Amounts falling due after more than one year

8

(5,689,397

)

(5,592,997

)



PROVISIONS FOR LIABILITIES

(229,169

)

(89,297

)


NET ASSETS

9,857,151


9,263,862




CAPITAL AND RESERVES

Called up share capital

10

1,000,000


1,000,000



Share premium

11

7,812,015


7,812,015



Revaluation reserve

11

914,279


323,670



Retained earnings

11

130,857


128,177



SHAREHOLDERS' FUNDS

9,857,151


9,263,862




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.


S R Dickson Properties Limited (Registered number: 11221599)


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 27 March 2024 and were signed on its behalf by:






S Dickson - Director



S R Dickson Properties Limited (Registered number: 11221599)


Notes to the Financial Statements

for the Year Ended 31 March 2023


1.

STATUTORY INFORMATION



S R Dickson 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.    



These accounts have been prepared on the going concern basis which assumes the continued operational existence of the company. The directors expect that the accounts for the current year to show a return to profit, and so the deficit in reserves will be corrected shortly. To this end, the going concern concept is considered to be appropriate.



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover consists of rents receivable. Revenue is recognised evenly over the rental period.


Tangible fixed assets


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


Plant and machinery

-

25% on reducing balance


Fixtures and fittings

-

25% on reducing balance


Motor vehicles

-

25% on reducing balance


Computer equipment

-

33.33% on cost



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 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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 2 (2022 - 2 ) .


S R Dickson Properties Limited (Registered number: 11221599)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2023


4.

TANGIBLE FIXED ASSETS


Fixtures



Plant and


and


Motor


Computer



machinery


fittings


vehicles


equipment


Totals

£   

£   

£   

£   

£   



COST


At 1 April 2022

17,326


42,795


21,534


6,564


88,219




Additions

4,871


22,102


-


-


26,973




At 31 March 2023

22,197


64,897


21,534


6,564


115,192




DEPRECIATION


At 1 April 2022

1,610


4,519


10,315


1,389


17,833




Charge for year

4,504


10,665


2,805


2,188


20,162




At 31 March 2023

6,114


15,184


13,120


3,577


37,995




NET BOOK VALUE


At 31 March 2023

16,083


49,713


8,414


2,987


77,197




At 31 March 2022

15,716


38,276


11,219


5,175


70,386




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 April 2022

14,808,875




Additions

123,481




Revaluations

729,147




At 31 March 2023

15,661,503




NET BOOK VALUE


At 31 March 2023

15,661,503




At 31 March 2022

14,808,875





Fair value at 31 March 2023 is represented by:

£   



Valuation in 2021

399,593




Valuation in 2023

729,147




Cost

14,532,763



15,661,503





If investment property had not been revalued it would have been included at the following historical cost:



31.3.23


31.3.22

£   

£   



Cost

14,532,763


14,409,282





The investment properties were valued on an open market basis on 31 March 2023 by the directors .


S R Dickson Properties Limited (Registered number: 11221599)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2023


6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.23


31.3.22

£   

£   



Directors' current accounts

-


15,112




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.23


31.3.22

£   

£   



Bank loans and overdrafts

79,075


77,735




Tax

19,325


58,080




Other creditors

28,000


23,874




Directors' current accounts

11,227


68




Accrued expenses

5,674


1,438



143,301


161,195




8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR



31.3.23


31.3.22

£   

£   



Bank loans - 1-2 years

65,327


77,735




Bank loans - 2-5 years

5,305,050


5,370,550




Bank loans more 5 yr by instal

139,020


144,712




Directors' loan accounts

180,000


-



5,689,397


5,592,997





Amounts falling due in more than five years:



Repayable by instalments


Bank loans more 5 yr by instal

139,020


144,712




9.

SECURED DEBTS



The following secured debts are included within creditors:



31.3.23


31.3.22

£   

£   



Bank loans

5,588,472


5,670,732





The loans are secured on properties owned by the company.


10.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.3.23


31.3.22


value:

£   

£   



1,000,000

Ordinary

£1.00

1,000,000


1,000,000




S R Dickson Properties Limited (Registered number: 11221599)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2023


11.

RESERVES


Retained


Share


Revaluation



earnings


premium


reserve


Totals

£   

£   

£   

£   




At 1 April 2022

128,177


7,812,015


323,670


8,263,862




Profit for the year

638,937


638,937




Dividends

(45,648

)

(45,648

)



Assets revalued in period

(590,609

)

-


590,609


-




At 31 March 2023

130,857


7,812,015


914,279


8,857,151