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REGISTERED NUMBER: 03215146 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

NEW DAWN DEVELOPMENTS LIMITED

NEW DAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03215146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NEW DAWN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: D C Eldridge





SECRETARY: Mrs L A Eldridge





REGISTERED OFFICE: Winch Hill House
Winch Hill
Luton
Beds
LU2 8PB





REGISTERED NUMBER: 03215146 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

NEW DAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03215146)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 51,056 957,224

CURRENT ASSETS
Stocks 218,639 493,010
Debtors 4 19,260 22,803
Cash at bank 2,200,369 1,095,138
2,438,268 1,610,951
CREDITORS
Amounts falling due within one year 5 20,640 9,991
NET CURRENT ASSETS 2,417,628 1,600,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,468,684

2,558,184

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,468,682 2,558,182
2,468,684 2,558,184

NEW DAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03215146)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2024 and were signed by:





D C Eldridge - Director


NEW DAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03215146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. 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.

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

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

NEW DAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03215146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 893,000 160 83,891
Additions - 709 487
Disposals (893,000 ) - -
At 31 May 2024 - 869 84,378
DEPRECIATION
At 1 June 2023 - 42 43,829
Charge for year - 148 9,605
At 31 May 2024 - 190 53,434
NET BOOK VALUE
At 31 May 2024 - 679 30,944
At 31 May 2023 893,000 118 40,062

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 55,484 3,509 1,036,044
Additions - 1,600 2,796
Disposals - - (893,000 )
At 31 May 2024 55,484 5,109 145,840
DEPRECIATION
At 1 June 2023 32,514 2,435 78,820
Charge for year 5,742 469 15,964
At 31 May 2024 38,256 2,904 94,784
NET BOOK VALUE
At 31 May 2024 17,228 2,205 51,056
At 31 May 2023 22,970 1,074 957,224

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 19,260 22,803

NEW DAWN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03215146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 1,606 -
Other creditors 19,034 9,991
20,640 9,991