REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 NOVEMBER 2023 |
FOR |
DIXSONS RESIDENTIAL ESTATES LTD. |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 30 November 2022 |
and 29 November 2023 |
AMORTISATION |
At 30 November 2022 |
and 29 November 2023 |
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 |
DEPRECIATION |
At 30 November 2022 |
Charge for year |
At 29 November 2023 |
NET BOOK VALUE |
At 29 November 2023 |
At 29 November 2022 |
6. | DEBTORS |
29.11.23 | 29.11.22 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
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 |
Taxation and social security |
Other creditors |
8. | OTHER FINANCIAL COMMITMENTS |
Operating lease commitments not included in the balance sheet amount to £10,000 (2022 - £10,000). |
9. | RELATED PARTY DISCLOSURES |