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REGISTERED NUMBER: 13484157 (England and Wales)























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

DIXON8 LIMITED

DIXON8 LIMITED (REGISTERED NUMBER: 13484157)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


DIXON8 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr K W Leng





REGISTERED OFFICE: 39 Hendon Lane
Finchley
London
N3 1RY





REGISTERED NUMBER: 13484157 (England and Wales)





ACCOUNTANTS: Guner Associates
Chartered Accountants
39 Hendon Lane
Finchley
London
N3 1RY

DIXON8 LIMITED (REGISTERED NUMBER: 13484157)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 6,860,514 5,834,651
Debtors 121,282 316,985
Cash at bank 169,512 28,415
7,151,308 6,180,051
CREDITORS
Amounts falling due within one year 4,415,076 4,103,514
NET CURRENT ASSETS 2,736,232 2,076,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,736,232

2,076,537

CREDITORS
Amounts falling due after more than one year 4,746,606 3,110,853
NET LIABILITIES (2,010,374 ) (1,034,316 )

CAPITAL AND RESERVES
Called up share capital 7 3,000 3,000
Retained earnings 8 (2,013,374 ) (1,037,316 )
SHAREHOLDERS' FUNDS (2,010,374 ) (1,034,316 )

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 June 2025 and were signed by:



Mr K W Leng - Director


DIXON8 LIMITED (REGISTERED NUMBER: 13484157)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Dixon8 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. 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.

Critical accounting judgements and key sources of estimation uncertainty
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 recognized 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.

Stocks
Work in progress represents the cost of properties acquired for short-term development and resale. Valuations are the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for foreseeable losses where appropriate.

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 recognized in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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.


DIXON8 LIMITED (REGISTERED NUMBER: 13484157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. 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.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

4. EMPLOYEES AND DIRECTORS

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

5. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,081,884 3,900,000

Amounts falling due between two and five years:
Shareholders Loan 4,746,606 3,110,853

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 4,081,884 3,900,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary A £1 500 500
500 Ordinary B £1 500 500
2,000 Ordinary C £1 2,000 2,000
3,000 3,000

DIXON8 LIMITED (REGISTERED NUMBER: 13484157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. RESERVES
Retained
earnings
£   

At 1 July 2023 (1,037,316 )
Deficit for the year (976,058 )
At 30 June 2024 (2,013,374 )