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REGISTERED NUMBER: 09009334 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DEWHURST INVESTMENTS LTD

DEWHURST INVESTMENTS LTD (REGISTERED NUMBER: 09009334)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEWHURST INVESTMENTS LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mr J G Dewhurst
Mrs J A Dewhurst





REGISTERED OFFICE: Lower Cockhill Fold
Hothersall Lane
Longridge
Preston
Lancashire
PR3 2XB





REGISTERED NUMBER: 09009334 (England and Wales)





ACCOUNTANTS: James Todd & Co
Greenbank House
141 Adelphi Street
Preston
Lancashire
PR1 7BH

DEWHURST INVESTMENTS LTD (REGISTERED NUMBER: 09009334)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,900 6,530
Investments 5 3,592,052 3,664,737
3,596,952 3,671,267

CURRENT ASSETS
Cash at bank 27,763 38,029

CREDITORS
Amounts falling due within one year 6 2,516,243 2,832,104
NET CURRENT LIABILITIES (2,488,480 ) (2,794,075 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,108,472

877,192

PROVISIONS FOR LIABILITIES 1,225 1,241
NET ASSETS 1,107,247 875,951

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,107,147 875,851
SHAREHOLDERS' FUNDS 1,107,247 875,951

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

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

DEWHURST INVESTMENTS LTD (REGISTERED NUMBER: 09009334)

BALANCE SHEET - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





Mr J G Dewhurst - Director


DEWHURST INVESTMENTS LTD (REGISTERED NUMBER: 09009334)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Dewhurst Investments 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.

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.

Turnover
Turnover represents rents receivable from investment properties held by the company, excluding VAT discounts or rebates.

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 etc - 25% on reducing balance and 25% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost.Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

DEWHURST INVESTMENTS LTD (REGISTERED NUMBER: 09009334)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Investment property
Investment properties are initially shown at cost and subsequently at fair value at the reporting date. Any aggregate surplus or deficit being taken to "gains and losses on investment assets" on the Income Statement..

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 299 1,925 8,895 11,119
DEPRECIATION
At 1 April 2023 299 1,925 2,365 4,589
Charge for year - - 1,630 1,630
At 31 March 2024 299 1,925 3,995 6,219
NET BOOK VALUE
At 31 March 2024 - - 4,900 4,900
At 31 March 2023 - - 6,530 6,530

5. FIXED ASSET INVESTMENTS
Listed Investment
investments properties Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 2,436,737 1,228,000 3,664,737
Additions 2,696,244 - 2,696,244
Disposals (2,909,381 ) (130,361 ) (3,039,742 )
Revaluations 290,452 (19,639 ) 270,813
At 31 March 2024 2,514,052 1,078,000 3,592,052
NET BOOK VALUE
At 31 March 2024 2,514,052 1,078,000 3,592,052
At 31 March 2023 2,436,737 1,228,000 3,664,737

The investment properties have been valued by the directors on an open market basis. This being the estimated amount for which an asset should exchange between a willing buyer and a willing seller in an arm's length transaction, after proper marketing and where the parties each acted knowledgeably, prudently and without compulsion.

DEWHURST INVESTMENTS LTD (REGISTERED NUMBER: 09009334)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 61,278 3,333
Other creditors 650,000 736,935
Directors' current accounts 1,799,637 2,085,252
Accruals and deferred income 5,328 6,584
2,516,243 2,832,104

7. SECURED DEBTS

The company has a fixed charge dated 5th August 2018 in favour of UBS Wealth Management, secured on all the assets of the company held with UBS Wealth Management.

8. RELATED PARTY DISCLOSURES

As at 31st March 2024 the company owed £1,799,637 (2023: £2,085,252) to its directors. No interest has been charged to the company in respect of these loans which are repayable on demand and included in creditors amounts falling due within one year. In 2022 the directors made a settlement of £650,000 into a family trust which sits in other creditors on the balance sheet. The balance at the year end was £650,000 (2023: £650,000). .