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REGISTERED NUMBER: 12473851 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

H.W. DOOZY LTD

H.W. DOOZY LTD (REGISTERED NUMBER: 12473851)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


H.W. DOOZY LTD (REGISTERED NUMBER: 12473851)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 650,000 364,404

CURRENT ASSETS
Debtors 5 71,624 25,469
Cash at bank and in hand 1,465 1,959
73,089 27,428
CREDITORS
Amounts falling due within one year 6 161,956 231,516
NET CURRENT LIABILITIES (88,867 ) (204,088 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,133

160,316

CREDITORS
Amounts falling due after more than one year 7 (331,350 ) (219,596 )

PROVISIONS FOR LIABILITIES 9 (71,399 ) -
NET ASSETS/(LIABILITIES) 158,384 (59,280 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 214,197 -
Retained earnings (55,913 ) (59,380 )
158,384 (59,280 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

H.W. DOOZY LTD (REGISTERED NUMBER: 12473851)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





Mr S T Savage - Director


H.W. DOOZY LTD (REGISTERED NUMBER: 12473851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

H.W. Doozy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12473851

Registered office: 1 Kings Avenue
London
N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the fair value of rental income chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement, when services are rendered to the customers.

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.

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 statement of financial position date.


H.W. DOOZY LTD (REGISTERED NUMBER: 12473851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 364,404
Revaluations 285,596
At 29 February 2024 650,000
NET BOOK VALUE
At 29 February 2024 650,000
At 28 February 2023 364,404

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 364,404 364,404


The investment property was valued on an open market basis on 29 February 2024 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 71,624 25,469

H.W. DOOZY LTD (REGISTERED NUMBER: 12473851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,772 16,814
Trade creditors 330 403
Other creditors 154,854 214,299
161,956 231,516

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 331,350 219,596

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 291,946 185,785

The loan is secured by way of fixed and floating charges on the property of the company and contains negative pledge.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 71,399 -

Deferred
tax
£   
Provided during year 71,399
Balance at 29 February 2024 71,399

10. RESERVES
Fair
value
reserve
£   
Gain on revaluation of investment property 214,197

At 29 February 2024 214,197

11. RELATED PARTY DISCLOSURES

Included in the other debtors due within a year is an amount of £44,682 (2023: £24,920) due from connected companies with common directorships and shareholding. The loans remain interest free and repayable on demand.

Included in the other creditors due within a year is an amount of £138,044 (2023: £153,944) due to connected companies with common directorships and shareholdings. Also, included is an amount of £Nil (2023: £44,189) due to the directors of the company. The loans remain interest free and repayable on demand.