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REGISTERED NUMBER: 08835267 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2022 TO 27 JANUARY 2023

FOR

DRESDEN LIMITED

DRESDEN LIMITED (REGISTERED NUMBER: 08835267)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 27 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRESDEN LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2022 TO 27 JANUARY 2023







DIRECTOR: Mr N Schreiber





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 08835267 (England and Wales)





ACCOUNTANTS: DAS Accounting & Partners (UK) LLP
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

DRESDEN LIMITED (REGISTERED NUMBER: 08835267)

BALANCE SHEET
27 JANUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 4,378,546 1,630,000
Investments 6 2 -
4,378,548 1,630,000

CURRENT ASSETS
Debtors 7 75,764 -

CREDITORS
Amounts falling due within one year 8 (1,982,687 ) (2,233,288 )
NET CURRENT LIABILITIES (1,906,923 ) (2,233,288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,471,625

(603,288

)

CREDITORS
Amounts falling due after more than one
year

9

(2,474,689

)

-

PROVISIONS FOR LIABILITIES 10 (307,000 ) -
NET LIABILITIES (310,064 ) (603,288 )

CAPITAL AND RESERVES
Called up share capital 3 1
Retained earnings (310,067 ) (603,289 )
SHAREHOLDERS' FUNDS (310,064 ) (603,288 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 January 2023 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.

DRESDEN LIMITED (REGISTERED NUMBER: 08835267)

BALANCE SHEET - continued
27 JANUARY 2023


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 18 March 2025 and were signed by:





Mr N Schreiber - Director


DRESDEN LIMITED (REGISTERED NUMBER: 08835267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 27 JANUARY 2023

1. STATUTORY INFORMATION

Dresden Limited 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention except that investment property is measured at fair value through profit and loss.

Judgements and key sources of estimation uncertainty
Judgements made by the director, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below:

The company's investment property is valued by the director. The valuation of the company's property is inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yield and comparable market transactions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

Going concern
The company is a going concen on the basis of continued support from its principal creditors and finance providers.

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

Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write-off each asset over its estimated useful life.

Fixtures and fittings - 25% Reducing balance

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 or loss.


DRESDEN LIMITED (REGISTERED NUMBER: 08835267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 27 JANUARY 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a small group.

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Long Fixtures
Freehold leasehold and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2022 1,630,000 - - 1,630,000
Additions 1,075,000 475,000 4,525 1,554,525
Revaluations 945,000 250,000 - 1,195,000
At 27 January 2023 3,650,000 725,000 4,525 4,379,525
DEPRECIATION
Charge for period - - 979 979
At 27 January 2023 - - 979 979
NET BOOK VALUE
At 27 January 2023 3,650,000 725,000 3,546 4,378,546
At 31 January 2022 1,630,000 - - 1,630,000

DRESDEN LIMITED (REGISTERED NUMBER: 08835267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 27 JANUARY 2023

5. TANGIBLE FIXED ASSETS - continued

The director is of the opinion that £4,375,000 represents the open market value of the company's investment properties at 27 January 2023. The historical cost of the investment properties is £3,144,404 (2022: £1,594,404).


6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 2
At 27 January 2023 2
NET BOOK VALUE
At 27 January 2023 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,731 -
Other debtors 62,033 -
75,764 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 853,175
Trade creditors 82 1,400
Other creditors 1,982,605 1,378,713
1,982,687 2,233,288

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,474,689 -

The bank loan is secured by legal charges over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 307,000 -

DRESDEN LIMITED (REGISTERED NUMBER: 08835267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 27 JANUARY 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge during the year 307,000
Balance at 27 January 2023 307,000

The provision for deferred tax is in relation to timing differences in respect of the revaluation of investment property.

11. RELATED PARTY DISCLOSURES

Other creditors include amounts of £1,909,795 (2022: £Nil) owed to companies of which the director of the company is also a director.

No transactions with related parties were undertaken, other than disclosed above, such as are required to be disclosed under FRS102.