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REGISTERED NUMBER: SC463359 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

DFW Properties Limited

DFW Properties Limited (Registered number: SC463359)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DFW Properties Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Miss N C Wishart
Ms K G Wishart
R J W Wishart
Miss C R W Wishart





REGISTERED OFFICE: Darlingfield Farm
Gordon
Berwickshire
TD3 6LE





REGISTERED NUMBER: SC463359 (Scotland)





ACCOUNTANTS: EQ Accountants (Trading name)
Douglas Home & Co Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

DFW Properties Limited (Registered number: SC463359)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 12,388 949
Investments 5 248,956 248,956
Investment property 6 1,913,920 1,913,920
2,175,264 2,163,825

CURRENT ASSETS
Debtors 7 67,252 40,170
Cash at bank 83,867 466,887
151,119 507,057
CREDITORS
Amounts falling due within one year 8 937,292 1,466,285
NET CURRENT LIABILITIES (786,173 ) (959,228 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,389,091

1,204,597

CAPITAL AND RESERVES
Called up share capital 74,000 74,000
Retained earnings 1,315,091 1,130,597
SHAREHOLDERS' FUNDS 1,389,091 1,204,597

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 August 2024 and were signed on its behalf by:



Ms K G Wishart - Director


DFW Properties Limited (Registered number: SC463359)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

DFW Properties Limited is a private company, limited by shares , registered in Scotland. 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
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022 - 2,530 2,530
Additions 14,000 - 14,000
At 30 November 2023 14,000 2,530 16,530
DEPRECIATION
At 1 December 2022 - 1,581 1,581
Charge for year 2,324 237 2,561
At 30 November 2023 2,324 1,818 4,142
NET BOOK VALUE
At 30 November 2023 11,676 712 12,388
At 30 November 2022 - 949 949

DFW Properties Limited (Registered number: SC463359)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 December 2022
and 30 November 2023 248,956
NET BOOK VALUE
At 30 November 2023 248,956
At 30 November 2022 248,956

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,913,920
NET BOOK VALUE
At 30 November 2023 1,913,920
At 30 November 2022 1,913,920

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 51,800 23,167
Other debtors 4,918 3,894
Prepayments 10,534 13,109
67,252 40,170

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Other loans 250,000 818,000
Trade creditors 3,018 18
Amounts owed to group undertakings 573,169 605,041
Tax 48,143 28,485
VAT 14,797 13,121
Directors' loan accounts 3,338 -
Accrued expenses 44,827 1,620
937,292 1,466,285