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REGISTERED NUMBER: 04433809 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30th April 2024

for

Dragon Properties Limited

Dragon Properties Limited (Registered number: 04433809)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Dragon Properties Limited

Company Information
for the Year Ended 30th April 2024







DIRECTOR: A Fielding





SECRETARY: D Fielding





REGISTERED OFFICE: Dragon Engines Ltd
Henry Street
Chesterfield
Derbyshire
S41 9BT





REGISTERED NUMBER: 04433809 (England and Wales)





ACCOUNTANTS: Shorts Chartered Accountants
Cedar House
63 Napier Street
Sheffield
S11 8HA

Dragon Properties Limited (Registered number: 04433809)

Statement of Financial Position
30th April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 420,271
Investment property 5 1,026,638 -
1,026,638 420,271

CURRENT ASSETS
Debtors 6 - 573
Cash at bank 280,216 65,677
280,216 66,250
CREDITORS
Amounts falling due within one year 7 114,546 74,523
NET CURRENT ASSETS/(LIABILITIES) 165,670 (8,273 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,192,308

411,998

CREDITORS
Amounts falling due after more than one
year

8

696,734

40,707
NET ASSETS 495,574 371,291

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 79,730 -
Retained earnings 415,842 371,289
SHAREHOLDERS' FUNDS 495,574 371,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Dragon Properties Limited (Registered number: 04433809)

Statement of Financial Position - continued
30th April 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th April 2025 and were signed by:





A Fielding - Director


Dragon Properties Limited (Registered number: 04433809)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Dragon Properties 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss.If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Currency presentation
The financial statements are presented in Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Dragon Properties Limited (Registered number: 04433809)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial Instruments.

Financial Instruments are recognised in the company's statement of financial position date when it becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st May 2023 659,152
Reclassification/transfer (659,152 )
At 30th April 2024 -
DEPRECIATION
At 1st May 2023 238,881
Reclassification/transfer (238,881 )
At 30th April 2024 -
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 420,271

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 526,638
Revaluations 79,730
Reclassification/transfer 420,270
At 30th April 2024 1,026,638
NET BOOK VALUE
At 30th April 2024 1,026,638

Dragon Properties Limited (Registered number: 04433809)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

5. INVESTMENT PROPERTY - continued

A property that was previously held in the accounts as freehold property was reclassified during the year to investment property. The original cost of the property was £659,152 and the accumulated depreciation was £238,881. Upon transfer to investment property it was revalued upwards by £79,530 to a carrying value of £500,000.

In addition to this the company also acquired new investment property during the year with a fair value of £526,638. At the balance sheet date the fair value of all investment property in the accounts was £1,026,638.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 573

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,477 23,449
Trade creditors - 778
Taxation and social security 16,821 13,297
Other creditors 71,248 36,999
114,546 74,523

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 696,734 40,707

Amounts falling due in more than five years:

Repayable by instalments
Due in more than 5 years 590,825 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 723,211 64,156

The bank loan is secured by a charge over the investment properties.

Dragon Properties Limited

Report of the Accountants to the Director of
Dragon Properties Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30th April 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Shorts Chartered Accountants
Cedar House
63 Napier Street
Sheffield
S11 8HA


8th April 2025