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REGISTERED NUMBER: 03386244 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 NOVEMBER 2023

FOR

DIXSONS RESIDENTIAL ESTATES LTD.

DIXSONS RESIDENTIAL ESTATES LTD. (REGISTERED NUMBER: 03386244)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIXSONS RESIDENTIAL ESTATES LTD.

COMPANY INFORMATION
for the Year Ended 29 November 2023







DIRECTOR: Ms S A Snelling





SECRETARY: Mrs S Smith





REGISTERED OFFICE: 10 London Mews
Paddington
LONDON
W2 1HY





REGISTERED NUMBER: 03386244 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
London
W21HY

DIXSONS RESIDENTIAL ESTATES LTD. (REGISTERED NUMBER: 03386244)

BALANCE SHEET
29 November 2023

29.11.23 29.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,087 2,933
1,087 2,933

CURRENT ASSETS
Debtors 6 1,000 3,063
Cash at bank and in hand 273,330 280,758
274,330 283,821
CREDITORS
Amounts falling due within one year 7 173,440 183,915
NET CURRENT ASSETS 100,890 99,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,977

102,839

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 101,975 102,837
SHAREHOLDERS' FUNDS 101,977 102,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:




Ms S A Snelling - Director


DIXSONS RESIDENTIAL ESTATES LTD. (REGISTERED NUMBER: 03386244)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 November 2023

1. STATUTORY INFORMATION

Dixsons Residential Estates Ltd. 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.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2005, is being amortised over its useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at historical cost or valuation less accumulated depreciation. Depreciation is provided at rates calculated to write the cost or valuation less residual value of each asset over its expected life as follows:-

- Fixtures and fittings - 25% Reducing balance
- Computer Equipment - 3 years straight line

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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.

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.

DIXSONS RESIDENTIAL ESTATES LTD. (REGISTERED NUMBER: 03386244)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 November 2022
and 29 November 2023 79,355
AMORTISATION
At 30 November 2022
and 29 November 2023 79,355
NET BOOK VALUE
At 29 November 2023 -
At 29 November 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 30 November 2022
and 29 November 2023 3,740 26,023 29,763
DEPRECIATION
At 30 November 2022 3,703 23,127 26,830
Charge for year 9 1,837 1,846
At 29 November 2023 3,712 24,964 28,676
NET BOOK VALUE
At 29 November 2023 28 1,059 1,087
At 29 November 2022 37 2,896 2,933

6. DEBTORS
29.11.23 29.11.22
£    £   
Amounts falling due within one year:
Other debtors - 2,063

Amounts falling due after more than one year:
Other debtors 1,000 1,000

Aggregate amounts 1,000 3,063

DIXSONS RESIDENTIAL ESTATES LTD. (REGISTERED NUMBER: 03386244)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 29.11.22
£    £   
Trade creditors 159,604 171,121
Taxation and social security 13,394 12,353
Other creditors 442 441
173,440 183,915

8. OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £10,000 (2022 - £10,000).

9. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owes the director £442 (2022 - £441).