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REGISTERED NUMBER: 02916633
























DAWECROFT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






DAWECROFT LIMITED (REGISTERED NUMBER: 02916633)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAWECROFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S T McNamara





REGISTERED OFFICE: 39b Burliegh Street
Cambridge
Cambridgeshire
CB1 1BG





REGISTERED NUMBER: 02916633





ACCOUNTANTS: TC Group
6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

DAWECROFT LIMITED (REGISTERED NUMBER: 02916633)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 125
Investment property 5 957,763 1,191,474
957,764 1,191,599

CURRENT ASSETS
Debtors 6 161,397 186,820
Cash at bank 4,852,451 4,725,038
5,013,848 4,911,858
CREDITORS
Amounts falling due within one year 7 58,719 344,477
NET CURRENT ASSETS 4,955,129 4,567,381
TOTAL ASSETS LESS CURRENT LIABILITIES 5,912,893 5,758,980

CAPITAL AND RESERVES
Called up share capital 80 80
Share premium 149,996 149,996
Capital redemption reserve 24 24
Retained earnings 5,762,793 5,608,880
5,912,893 5,758,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:



S T McNamara - Director


DAWECROFT LIMITED (REGISTERED NUMBER: 02916633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Dawecroft Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

DAWECROFT LIMITED (REGISTERED NUMBER: 02916633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other Investments 1 125

HISTORICAL COST
At 1 May 2023 20,338
At 30 April 2024 20,338

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,191,474
Disposals (233,711 )
At 30 April 2024 957,763
NET BOOK VALUE
At 30 April 2024 957,763
At 30 April 2023 1,191,474

1 Petingo Close, Newmarket, Suffolk was acquired on 14/3/2017 at a cost of £259,327.

18 Grafton Street, Cambridge, Cambridgeshire was purchased on 5/6/2017 at a cost of £698,436

Taking current market conditions into consideration, the director believes that the valuation of the properties at the balance sheet date were similar to cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 161,397 186,820

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 55,455 340,977
Other creditors 3,264 3,500
58,719 344,477

DAWECROFT LIMITED (REGISTERED NUMBER: 02916633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. RELATED PARTY DISCLOSURES

S McNamara, director, is the controlling party of WT's Sports Bar Limited. During the year, WT's Sports Bar Limited paid rent to Dawecroft Limited totalling to £21,250 (2023: £42,750). Dawecroft Limited also paid £35,000 in 2023 as a rebate for a change in a legal agreement.

During the year there was a balance owed by S McNamara, director of £122,500 (2023: £122,500). The loan has no formal repayment schedule or date for repayment. No interest is charged.

9. ULTIMATE CONTROLLING PARTY

During the year Mr S McNamara (director), controlled the company by virtue of a majority interest of the issued share capital.