REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 23 JUNE 2022 TO 30 JUNE 2023 |
FOR |
DIXON GRANGE LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve |
Retained earnings | ( |
) |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Improvements to property | - |
Plant and machinery | - |
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 |
At 30 June 2023 |
DEPRECIATION |
Charge for period |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Mill Farm Sports Village Coronation Way, Wesham, Preston, England, PR4 3JZ |
Nature of business: |
% |
Class of shares: | holding |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Revaluations | 475,790 |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
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 |
VAT |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
Directors' current accounts | 459,747 |
Accruals and deferred income |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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: |
£ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
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 |