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REGISTERED NUMBER: SC687557 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024

FOR

DWB HOMES LTD

DWB HOMES LTD (REGISTERED NUMBER: SC687557)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DWB HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs F Bell
Mr D Bell





REGISTERED OFFICE: Jsa Group Ltd
Dryburgh House, 3 Meikle Road
Livingston
West Lothian
EH54 7DE





REGISTERED NUMBER: SC687557 (Scotland)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

DWB HOMES LTD (REGISTERED NUMBER: SC687557)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 1,462 1,950
Investment property 6 164,000 63,000
165,462 64,950

CURRENT ASSETS
Debtors 527 2
Cash at bank 2,868 3,307
3,395 3,309
CREDITORS
Amounts falling due within one year 61,462 20,750
NET CURRENT LIABILITIES (58,067 ) (17,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,395

47,509

CREDITORS
Amounts falling due after more than one
year

7

(116,140

)

(42,105

)

PROVISIONS FOR LIABILITIES - (888 )
NET (LIABILITIES)/ASSETS (8,745 ) 4,516

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve (8,139 ) 3,787
Retained earnings (608 ) 727
SHAREHOLDERS' FUNDS (8,745 ) 4,516

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

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

DWB HOMES LTD (REGISTERED NUMBER: SC687557)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 October 2024 and were signed on its behalf by:





Mr D W Bell - Director


DWB HOMES LTD (REGISTERED NUMBER: SC687557)

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


1. STATUTORY INFORMATION

Dwb Homes Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At the balance sheet date, the company's liabilities exceed its assets. The company has received assurances from its shareholders that they will continue to give full financial support to the company for the next twelve months.

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 - 25% on reducing balance

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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 February 2023
and 31 January 2024 2,600
DEPRECIATION
At 1 February 2023 650
Charge for year 488
At 31 January 2024 1,138
NET BOOK VALUE
At 31 January 2024 1,462
At 31 January 2023 1,950

DWB HOMES LTD (REGISTERED NUMBER: SC687557)

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


6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2023 63,000
Additions 113,814
Revaluations (12,814 )
At 31 January 2024 164,000
NET BOOK VALUE
At 31 January 2024 164,000
At 31 January 2023 63,000

Fair value at 31 January 2024 is represented by:
£
Valuation in 2022 (3,325 )
Valuation in 2023 8,000
Valuation in 2024 (12,814 )
Cost 172,139
164,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£ £
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 116,140 42,105

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£ £
Mr D Bell
Balance outstanding at start of year (684 ) (372 )
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (996 ) (684 )