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REGISTERED NUMBER: 11451714 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

DAWNELIA PROPERTIES ONE LIMITED

DAWNELIA PROPERTIES ONE LIMITED (REGISTERED NUMBER: 11451714)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAWNELIA PROPERTIES ONE LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A Solomou





REGISTERED OFFICE: 13 Goodwin Street
London
N4 3HQ





REGISTERED NUMBER: 11451714 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

DAWNELIA PROPERTIES ONE LIMITED (REGISTERED NUMBER: 11451714)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 14,516 18,145
Investment property 5 19,111,035 19,111,035
19,125,551 19,129,180

CURRENT ASSETS
Cash at bank 100 637

CREDITORS
Amounts falling due within one year 6 6,995,242 6,967,268
NET CURRENT LIABILITIES (6,995,142 ) (6,966,631 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,130,409

12,162,549

CREDITORS
Amounts falling due after more than one year 7 11,955,884 11,955,884
NET ASSETS 174,525 206,665

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 174,425 206,565
SHAREHOLDERS' FUNDS 174,525 206,665

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





A Solomou - Director


DAWNELIA PROPERTIES ONE LIMITED (REGISTERED NUMBER: 11451714)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Dawnelia Properties One 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.

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.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet it's liabilities to third parties as and when they fall due. Also, the director will continue to support the company when required.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Tangible fixed assets
Property, plant and equipment is stated at cost less accumulated depreciation and accumulated impairment losses. Such cost included costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Plant and machinery20% on reducing balance

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.

Deferred taxation is provided on these gains or losses at the rate expected to apply when the properties are sold.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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


DAWNELIA PROPERTIES ONE LIMITED (REGISTERED NUMBER: 11451714)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 44,300
DEPRECIATION
At 1 April 2023 26,155
Charge for year 3,629
At 31 March 2024 29,784
NET BOOK VALUE
At 31 March 2024 14,516
At 31 March 2023 18,145

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 19,111,035
NET BOOK VALUE
At 31 March 2024 19,111,035
At 31 March 2023 19,111,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 6,926,040 6,893,598
Other creditors 69,202 73,670
6,995,242 6,967,268

DAWNELIA PROPERTIES ONE LIMITED (REGISTERED NUMBER: 11451714)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,955,884 11,955,884

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 11,955,884 11,955,884

Bank loans are secured by fixed charge over the assets of the company and contain negative pledge.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

During the year under review, the ultimate controlling party is the Solomou family by virtue of their holdings in the parent company.