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REGISTERED NUMBER: 10808221 (England and Wales)




















Financial Statements

for the Year Ended 30 June 2024

for

DIX PROPERTIES LTD

DIX PROPERTIES LTD (REGISTERED NUMBER: 10808221)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIX PROPERTIES LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: B D'Cruz
M L S Boswell





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 10808221 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

DIX PROPERTIES LTD (REGISTERED NUMBER: 10808221)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 177,370 172,750
Investment property 6 184,250 184,250
361,620 357,000

CURRENT ASSETS
Debtors 7 2,206 6,128
Cash at bank 61,273 86,223
63,479 92,351
CREDITORS
Amounts falling due within one year 8 (373,874 ) (376,059 )
NET CURRENT LIABILITIES (310,395 ) (283,708 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,225

73,292

CREDITORS
Amounts falling due after more than one
year

9

(137,476

)

(136,914

)
NET LIABILITIES (86,251 ) (63,622 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (86,351 ) (63,722 )
SHAREHOLDERS' FUNDS (86,251 ) (63,622 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

DIX PROPERTIES LTD (REGISTERED NUMBER: 10808221)

Balance Sheet - continued
30 June 2024


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 23 September 2024 and were signed on its behalf by:





M L S Boswell - Director


DIX PROPERTIES LTD (REGISTERED NUMBER: 10808221)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 26,039
AMORTISATION
At 1 July 2023
and 30 June 2024 26,039
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

DIX PROPERTIES LTD (REGISTERED NUMBER: 10808221)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 172,750
Additions 4,620
At 30 June 2024 177,370
NET BOOK VALUE
At 30 June 2024 177,370
At 30 June 2023 172,750

The amount invested represents an investment in Infinity Development Liverpool Ltd.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 184,250
NET BOOK VALUE
At 30 June 2024 184,250
At 30 June 2023 184,250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 616 -
Other debtors 1,590 6,128
2,206 6,128

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 2,276 199
Taxation and social security - 1,374
Other creditors 371,598 374,486
373,874 376,059

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 137,476 136,914

DIX PROPERTIES LTD (REGISTERED NUMBER: 10808221)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 137,476 136,914

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 137,476 136,914

The mortgage provided by Hampshire Trust Bank PLC is secured against the freehold interest
in the property known as 1 Carr View Avenue by way of a negative pledge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

12. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.