DW7 LTD

Company Registration Number:
SC579108 (Scotland)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

DW7 LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

DW7 LTD

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal activities of the company

Property Investment Company



Directors

The director shown below has held office during the whole of the period from
1 November 2022 to 31 October 2023

R I Wilson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 October 2024

And signed on behalf of the board by:
Name: R I Wilson
Status: Director

DW7 LTD

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 5,262 6,139
Investments: 4 453,728 453,728
Total fixed assets: 458,990 459,867
Current assets
Debtors: 5 2,806
Cash at bank and in hand: 5,618 13,085
Total current assets: 5,618 15,891
Creditors: amounts falling due within one year: 6 ( 279,957 ) ( 302,967 )
Net current assets (liabilities): (274,339) (287,076)
Total assets less current liabilities: 184,651 172,791
Creditors: amounts falling due after more than one year: 7 ( 182,100 ) ( 182,100 )
Total net assets (liabilities): 2,551 (9,309)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,451 (9,409 )
Total Shareholders' funds: 2,551 (9,309)

The notes form part of these financial statements

DW7 LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 October 2024
and signed on behalf of the board by:

Name: R I Wilson
Status: Director

The notes form part of these financial statements

DW7 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses

    Other accounting policies

    Judgements and key sources of estimated uncertainty The preparation of the financial statements requires management to make judgements estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances Going concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it financial statements. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services supplied. Corporation Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

DW7 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

DW7 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 8,770 8,770
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 8,770 8,770
Depreciation
At 1 November 2022 2,631 2,631
Charge for year 877 877
On disposals
Other adjustments
At 31 October 2023 3,508 3,508
Net book value
At 31 October 2023 5,262 5,262
At 31 October 2022 6,139 6,139

DW7 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Fixed assets investments note

Investment property comprises of a commercial building and land available for rent. The fair value of the investment property has been arrived at on the basis of an internal valuation undertaken by the Directors at 31 October 2023 and based on the current market values of similar assets in the area of the company Investments. The Directors deem that the fair value of the assets is £453,728. If investment properties were stated on a historical cost basis rather than a fair value basis, the amounts would have been included at £453,728.

DW7 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors

2023 2022
£ £
Other debtors 2,806
Total   2,806

DW7 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 748
Accruals and deferred income 1,200 600
Other creditors 278,009 302,367
Total 279,957 302,967

DW7 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 182,100 182,100
Total 182,100 182,100