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Registration number: 09791268

Dawson & Killen Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Dawson & Killen Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Dawson & Killen Ltd

(Registration number: 09791268)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

2,475,611

2,475,611

Current assets

 

Cash at bank and in hand

 

40,540

48,406

Creditors: Amounts falling due within one year

5

(826,972)

(833,717)

Net current liabilities

 

(786,432)

(785,311)

Total assets less current liabilities

 

1,689,179

1,690,300

Creditors: Amounts falling due after more than one year

6

(591,421)

(708,421)

Net assets

 

1,097,758

981,879

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

1,096,758

980,879

Total equity

 

1,097,758

981,879

 

Dawson & Killen Ltd

(Registration number: 09791268)
Abridged Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 25 February 2025 and signed on its behalf by:
 

Mr RC Dawson

Director

Mr JR Killen

Director

 

Dawson & Killen Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU
Somerset

These financial statements were authorised for issue by the Board on 25 February 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 30 September 2024, an amount is owed to the director, who has agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Dawson & Killen Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Investment properties

2024
£

At 1 October

2,475,611

At 30 September

2,475,611

The directors consider the valuation to be a fair reflection of the open market value of the properties.

There has been no valuation of investment property by an independent valuer.

5

Creditors: amounts falling due within one year

Creditors include bank loans which are secured of £112,700 (2023 - £108,400.00).

6

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £591,423 (2023 - £708,422).