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REGISTERED NUMBER: 04788044 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

DIXON PROPERTY DEVELOPMENT LTD

DIXON PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 04788044)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DIXON PROPERTY DEVELOPMENT LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs C Dixon
S J Dixon





SECRETARY: Mrs C Dixon





REGISTERED OFFICE: 27 Lansdowne Way
Angmering
West Sussex
BN16 4LB





REGISTERED NUMBER: 04788044 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

DIXON PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 04788044)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,758 2,432

CURRENT ASSETS
Stocks 292 47,619
Debtors 5 1,820 5,237
Cash at bank 154,015 48,532
156,127 101,388
CREDITORS
Amounts falling due within one year 6 88,160 21,307
NET CURRENT ASSETS 67,967 80,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,725

82,513

PROVISIONS FOR LIABILITIES 7 334 471
NET ASSETS 69,391 82,042

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 69,389 82,040
SHAREHOLDERS' FUNDS 69,391 82,042

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.

DIXON PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 04788044)

Statement of Financial Position - 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 25 September 2024 and were signed on its behalf by:





S J Dixon - Director


DIXON PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 04788044)

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

1. STATUTORY INFORMATION

Dixon Property Development 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

3. EMPLOYEES AND DIRECTORS

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

DIXON PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 04788044)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 15,432
DEPRECIATION
At 1 July 2023 13,000
Charge for year 674
At 30 June 2024 13,674
NET BOOK VALUE
At 30 June 2024 1,758
At 30 June 2023 2,432

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 1,820 5,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts - 1,312
Trade creditors 14,654 1,427
Taxation and social security 11,541 12,726
Other creditors 61,965 5,842
88,160 21,307

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax
Accelerated capital allowances 334 471

Deferred
tax
£   
Balance at 1 July 2023 471
Provided during year (137 )
Balance at 30 June 2024 334

DIXON PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 04788044)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 July 2023 82,040
Profit for the year 17,349
Dividends (30,000 )
At 30 June 2024 69,389

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
S J Dixon and Mrs C Dixon
Balance outstanding at start of year (278 ) (278 )
Amounts advanced 59,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,722 (278 )

The directors` loan is interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

The Company is under the joint control of the directors.