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REGISTERED NUMBER: 03252416 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Dewlon Development Co Limited

Dewlon Development Co Limited (Registered number: 03252416)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dewlon Development Co Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: R A Peel





SECRETARY: A M Peel





REGISTERED OFFICE: 3 The Mews
Fulford Chase
York
YO10 4QN





REGISTERED NUMBER: 03252416 (England and Wales)





ACCOUNTANTS: Malcolm Jones & Co Limited
Accountants and Business Advisers
West Hill House
Allerton Hill
Chapel Allerton
Leeds
West Yorkshire
LS7 3QB

Dewlon Development Co Limited (Registered number: 03252416)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,028,879 4,029,475

CURRENT ASSETS
Debtors 5 73,169 77,039
Cash at bank 269,352 597,824
342,521 674,863
CREDITORS
Amounts falling due within one year 6 212,691 497,281
NET CURRENT ASSETS 129,830 177,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,158,709

4,207,057

CREDITORS
Amounts falling due after more than one
year

7

(9,644

)

(19,920

)

PROVISIONS FOR LIABILITIES (24,149 ) (24,149 )
NET ASSETS 4,124,916 4,162,988

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 9 587,654 587,654
Retained earnings 3,527,262 3,565,334
SHAREHOLDERS' FUNDS 4,124,916 4,162,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Dewlon Development Co Limited (Registered number: 03252416)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

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





R A Peel - Director


Dewlon Development Co Limited (Registered number: 03252416)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Dewlon Development Co 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.

Turnover
Turnover comprises rents receivable and other tenant recharges, excluding value added tax.


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

Depreciation is not provided on investment properties.

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.

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 1 (2023 - 1 ) .

Dewlon Development Co Limited (Registered number: 03252416)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 4,027,570 5,254 4,032,824
DEPRECIATION
At 1 September 2023 - 3,349 3,349
Charge for year - 596 596
At 31 August 2024 - 3,945 3,945
NET BOOK VALUE
At 31 August 2024 4,027,570 1,309 4,028,879
At 31 August 2023 4,027,570 1,905 4,029,475

Land and buildings comprises investment properties.


Cost or valuation at 31 August 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 1997 (9,399 ) - (9,399 )
Valuation in 2002 35,000 - 35,000
Valuation in 2006 250,155 - 250,155
Valuation in 2012 (673,953 ) - (673,953 )
Valuation in 2017 310,000 - 310,000
Valuation in 2020 400,000 - 400,000
Valuation in 2021 300,000 - 300,000
Cost 3,415,767 5,254 3,421,021
4,027,570 5,254 4,032,824

If investment properties had not been revalued they would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 3,109,860 3,109,860

Investment properties were valued on an open market basis on 31 August 2024 by the director .

Dewlon Development Co Limited (Registered number: 03252416)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 59,714 60,032
Other debtors 13,455 17,007
73,169 77,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,276 10,021
Trade creditors (1,248 ) 10,021
Taxation and social security 42,132 47,589
Other creditors 161,531 429,650
212,691 497,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 9,644 19,920

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 19,920 29,941

9. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 587,654