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REGISTERED NUMBER: 14190459 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 23 JUNE 2022 TO 30 JUNE 2023

FOR

DIXON GRANGE LTD

DIXON GRANGE LTD (REGISTERED NUMBER: 14190459)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 23 June 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIXON GRANGE LTD

COMPANY INFORMATION
for the period 23 June 2022 to 30 June 2023







DIRECTOR: Mr D A Haythornthwaite





REGISTERED OFFICE: Docklands
Dock Road
Lytham St. Annes
Lancashire
FY8 5AQ





REGISTERED NUMBER: 14190459 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Statutory Auditor
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

DIXON GRANGE LTD (REGISTERED NUMBER: 14190459)

BALANCE SHEET
30 June 2023

Notes £   
FIXED ASSETS
Tangible assets 4 214,342
Investments 5 1
Investment property 6 6,669,690
6,884,033

CURRENT ASSETS
Debtors 7 662,415
Cash at bank 301,675
964,090
CREDITORS
Amounts falling due within one year 8 (1,662,269 )
NET CURRENT LIABILITIES (698,179 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,185,854

PROVISIONS FOR LIABILITIES (312,060 )
NET ASSETS 5,873,794

CAPITAL AND RESERVES
Called up share capital 5,789,289
Fair value reserve 356,842
Retained earnings (272,337 )
5,873,794

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 director and authorised for issue on 18 October 2024 and were signed by:





Mr D A Haythornthwaite - Director


DIXON GRANGE LTD (REGISTERED NUMBER: 14190459)

NOTES TO THE FINANCIAL STATEMENTS
for the period 23 June 2022 to 30 June 2023

1. STATUTORY INFORMATION

Dixon Grange 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 as modified by the revaluation of certain assets.

Going concern

The balance sheet shows net current liabilities of £698,179. Total net assets £5,873,794.

The company is dependent upon the continuing support of its director and other creditors to enable it to meet its day to day working capital requirements. The directors have indicated that they are willing to provide such support for the foreseeable future and therefore believe it is appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.

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.
Improvements to property - 3% on cost
Plant and machinery - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 period 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.

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 period 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.

DIXON GRANGE LTD (REGISTERED NUMBER: 14190459)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 23 June 2022 to 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
Additions 218,027 3,571 221,598
At 30 June 2023 218,027 3,571 221,598
DEPRECIATION
Charge for period 6,542 714 7,256
At 30 June 2023 6,542 714 7,256
NET BOOK VALUE
At 30 June 2023 211,485 2,857 214,342

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1
At 30 June 2023 1
NET BOOK VALUE
At 30 June 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

A.F.C Fylde Limited
Registered office: Mill Farm Sports Village Coronation Way, Wesham, Preston, England, PR4 3JZ
Nature of business: Activities of sport clubs
%
Class of shares: holding
Ordinary 77.00

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 6,193,900
Revaluations 475,790
At 30 June 2023 6,669,690
NET BOOK VALUE
At 30 June 2023 6,669,690

DIXON GRANGE LTD (REGISTERED NUMBER: 14190459)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 23 June 2022 to 30 June 2023

6. INVESTMENT PROPERTY - continued

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2024 475,790
Cost 6,193,900
6,669,690

If Investment properties had not been revalued they would have been included at the following historical cost:

£   
Cost 6,193,900

Investment property was valued on an open market basis on 30 June 2023 by the Director and Armitstead Barnett .

Armistead Barnett, chartered surveyors and independent valuer of the company, valued one of the investment properties. the remainder was valued by the Director.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 649,558
VAT 12,857
662,415

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 153,521
Other creditors 1,040,001
Directors' current accounts 459,747
Accruals and deferred income 9,000
1,662,269

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Wigley MSc ACA ATII (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

DIXON GRANGE LTD (REGISTERED NUMBER: 14190459)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 23 June 2022 to 30 June 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2023:

£   
Mr D A Haythornthwaite
Balance outstanding at start of period -
Amounts advanced 46,967
Amounts repaid (46,967 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period -

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year the Company had transactions with companies under the control of D A Haythornthwaite.



2023
£   
Purchases 5,789,189

At the year end the company had net balances outstanding with companies under the control of D A Haythornthwaite.

2023

Included in Trade debtors/(creditors) (118,098 )
Included in Other debtors/(creditors) (390,443 )

12. ULTIMATE CONTROLLING PARTY

The controlling party is Rendell Limited.

The ultimate controlling party is Mr D A Haythornthwaite.