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REGISTERED NUMBER: 07133840 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JANUARY 2024

FOR

DEWSALL COURT LTD

DEWSALL COURT LTD (REGISTERED NUMBER: 07133840)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


DEWSALL COURT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







Directors: Mrs S J Vaughan
Mrs E J Robinson





Secretary: Mrs S J Vaughan





Registered office: Dewsall Court
Dewsall
Hereford
HR2 8DA





Registered number: 07133840 (England and Wales)

DEWSALL COURT LTD (REGISTERED NUMBER: 07133840)

BALANCE SHEET
31ST JANUARY 2024

31.1.24 31.1.23
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,006,031 1,040,137

Current assets
Stocks 5 11,243 10,538
Debtors 6 17,484 18,878
Cash at bank and in hand 72 57,438
28,799 86,854
Creditors
Amounts falling due within one year 7 862,820 612,857
Net current liabilities (834,021 ) (526,003 )
Total assets less current liabilities 172,010 514,134

Creditors
Amounts falling due after more than one
year

8

(594,862

)

(683,777

)

Provisions for liabilities 11 - (5,309 )
Net liabilities (422,852 ) (174,952 )

Capital and reserves
Called up share capital 12 100 100
Retained earnings (422,952 ) (175,052 )
Shareholders' funds (422,852 ) (174,952 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

DEWSALL COURT LTD (REGISTERED NUMBER: 07133840)

BALANCE SHEET - continued
31ST JANUARY 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st October 2024 and were signed on its behalf by:





Mrs E J Robinson - Director


DEWSALL COURT LTD (REGISTERED NUMBER: 07133840)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024


1. Statutory information

Dewsall Court 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.

The balance sheet at the year end shows net liabilities of 422,852. The directors consider that the company is able to meet its obligations as they fall due and confirm that they will continue to support the company. Therefore they consider it appropriate to adopt the going concern basis in preparing these accounts.

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
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates in order to write off each asset over its estimated
useful life:
Leasehold property & improvements 2% straight line
Plant & equipment 10% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

DEWSALL COURT LTD (REGISTERED NUMBER: 07133840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and
'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the
company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements
when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are
measured at transaction price less any impairment. Loans receivable are measured initially at fair
value, net of transaction costs, and are measured subsequently at amortised cost using the effective
interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries,
associates or joint ventures, are initially measured at fair value, which is normally the transaction
price. Such assets are subsequently carried at fair value and the changes in fair value are recognised
in profit or loss, except that investments in equity instruments that are not publicly traded and
whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for
indicators of impairment at each reporting date.
Financial assets are impaired where there is objective evidence that, as a result of one or more
events that occurred after initial recognition of the financial asset, the estimated future cash flows
have been affected. If an asset is impaired, the impairment loss is the difference between the
carrying amount and the present value of the estimated cash flows discounted at the assets original
effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment
was recognised, the impairment is reversed. The reversal is such that the current carrying amount
does not exceed what the carrying amount would have been, had the impairment not previously
been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset
expire or are settled, or if some significant risks and rewards of ownership are retained but control
of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated
third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the company after deducing all of its liabilities.
Basic financial liabilities, including trade and other payables are measured at the transaction price.
Other financial liabilities, including bank loans and preference shares that are classified as debt, are
measured initially at fair value, net of transaction costs, and are measured subsequently at

DEWSALL COURT LTD (REGISTERED NUMBER: 07133840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


2. Accounting policies - continued
amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic
financial instruments. Derivatives are initially recognised at fair value on the date a derivative
contract is entered into and are subsequently re-measured at their fair value. Changes in the fair
value of derivatives are recognised in profit or loss in finance costs or finance income as
appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are
discharged or cancelled.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
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 (including officers)

The average number of employees during the year was 44 (2023 - 47 ) .

DEWSALL COURT LTD (REGISTERED NUMBER: 07133840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


4. Tangible fixed assets
Long Plant &
leasehold equipment Totals
£ £ £
Cost
At 1st February 2023 1,058,955 468,600 1,527,555
Additions 3,195 9,915 13,110
Disposals - (1,296 ) (1,296 )
At 31st January 2024 1,062,150 477,219 1,539,369
Depreciation
At 1st February 2023 146,259 341,159 487,418
Charge for year 21,244 25,392 46,636
Eliminated on disposal - (716 ) (716 )
At 31st January 2024 167,503 365,835 533,338
Net book value
At 31st January 2024 894,647 111,384 1,006,031
At 31st January 2023 912,696 127,441 1,040,137

5. Stocks
31.1.24 31.1.23
£ £
Stocks 11,243 10,538

6. Debtors: amounts falling due within one year
31.1.24 31.1.23
£ £
Trade debtors 6,294 10,129
Prepayments 11,190 8,749
17,484 18,878

DEWSALL COURT LTD (REGISTERED NUMBER: 07133840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


7. Creditors: amounts falling due within one year
31.1.24 31.1.23
£ £
Bank loans 147,038 87,768
Trade creditors 37,026 18,855
Social security & other taxes 107,150 43,673
Other creditors 13,123 5,659
Directors' loan accounts 40,133 33,300
Accruals & deferred income 518,350 423,602
862,820 612,857

8. Creditors: amounts falling due after more than one year
31.1.24 31.1.23
£ £
Bank loans - one to five years 329,139 345,613
Bank loans - more than five years 265,723 338,164
594,862 683,777

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than five years 265,723 338,164

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£ £
Within one year 5,689 -

10. Secured debts

The following secured debts are included within creditors:

31.1.24 31.1.23
£ £
Bank loans 688,896 771,545

Bank loans totalling £688,896 are secured on property owned by the director Mrs E J Robinson.

DEWSALL COURT LTD (REGISTERED NUMBER: 07133840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


11. Provisions for liabilities
31.1.24 31.1.23
£ £
Deferred tax - 5,309

Deferred tax
£
Balance at 1st February 2023 5,309
Accelerated capital allowances (5,309 )
Balance at 31st January 2024 -

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £ £
100 Ordinary shares £1 100 100

13. Contingent liabilities

There were no contingent liabilities as at 31st January 2024.

14. Related party disclosures

The directors

During the year, the directors of the company used current accounts with the company to record amounts due to them and amounts drawn by them. The balance at the year end was £40,133 owed by the company (2023: £33,300).

The loans and advances were made interest free and were repayable on demand.

During the year, the company paid rent totalling £88,000 (2023: £92,000) to Mrs E J Robinson, a director of the company.