Caseware UK (AP4) 2023.0.135 2023.0.135 truetrue2023-05-01falseProperty development21The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05262695 2023-05-01 2024-04-30 05262695 2022-05-01 2023-04-30 05262695 2024-04-30 05262695 2023-04-30 05262695 c:Director2 2023-05-01 2024-04-30 05262695 d:PlantMachinery 2023-05-01 2024-04-30 05262695 d:PlantMachinery 2024-04-30 05262695 d:PlantMachinery 2023-04-30 05262695 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05262695 d:ComputerEquipment 2023-05-01 2024-04-30 05262695 d:ComputerEquipment 2024-04-30 05262695 d:ComputerEquipment 2023-04-30 05262695 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05262695 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05262695 d:FreeholdInvestmentProperty 2024-04-30 05262695 d:FreeholdInvestmentProperty 2023-04-30 05262695 d:CurrentFinancialInstruments 2024-04-30 05262695 d:CurrentFinancialInstruments 2023-04-30 05262695 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05262695 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05262695 d:ShareCapital 2024-04-30 05262695 d:ShareCapital 2023-04-30 05262695 d:RetainedEarningsAccumulatedLosses 2024-04-30 05262695 d:RetainedEarningsAccumulatedLosses 2023-04-30 05262695 c:FRS102 2023-05-01 2024-04-30 05262695 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05262695 c:FullAccounts 2023-05-01 2024-04-30 05262695 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05262695 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 05262695





 
Dawson Developments Limited          
 
Financial statements          

For the year ended 30 April 2024          

 
Dawson Developments Limited
Registered number:05262695

Balance sheet
As at 30 April 2024


2024

2023 
                                                                                   Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
337
422

Investment property
 5 
495,000
495,000

  
495,337
495,422

Current assets
  

Debtors
 6 
3,087
4,463

Bank and cash balances
  
469
8,681

  
3,556
13,144

Creditors: amounts falling due within one year
 7 
(9,416)
(6,042)

Net current (liabilities)/assets
  
 
 
(5,860)
 
 
7,102

  

Net assets
  
489,477
502,524


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
489,475
502,522

  
489,477
502,524


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board; and were signed on its behalf on 20 December 2024.
 

Mrs J Dawson
Director


The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
Dawson Developments Limited
 
 
Notes to the financial statements
For the year ended 30 April 2024

1.


General information

Dawson Developments Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
Dawson Developments Limited
 
 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided at the following rates:

Plant and machinery
-
20%
reducing balance
Computer equipment
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director having regard to professional advice taken personally and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 3

 
Dawson Developments Limited
 
 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
1

Page 4

 
Dawson Developments Limited
 
 
Notes to the financial statements
For the year ended 30 April 2024

4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost


At 1 May 2023
366
407
773



At 30 April 2024

366
407
773



Depreciation


At 1 May 2023
172
179
351


Charge for the year
39
46
85



At 30 April 2024

211
225
436



Net book value



At 30 April 2024
155
182
337



At 30 April 2023
194
228
422


5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
495,000



At 30 April 2024
495,000

The 2024 valuations were made by the directors, having regard to professional advice taken personally.





Page 5

 
Dawson Developments Limited
 
 
Notes to the financial statements
For the year ended 30 April 2024

6.


Debtors

2024
2023
£
£


Other debtors
2,331
3,708

Prepayments and accrued income
756
755

3,087
4,463



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
1,000
1,000

Trade creditors
5,335
2,671

Corporation tax
617
-

Other creditors
374
286

Accruals and deferred income
2,090
2,085

9,416
6,042


 
Page 6