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Company registration number: 00545481







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


DARE WARWICK (PROPERTIES) LIMITED






































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DARE WARWICK (PROPERTIES) LIMITED
 


 
COMPANY INFORMATION


Directors
R D Warwick 
G M G Allen 
L G Peirce 
S Rose 
J W D Warwick 
J C Barwell 
O C Ferrero 




Company secretary
J C Barwell



Registered number
00545481



Registered office
Richmead
Broadway

Didcot

Oxon

OX11 8DJ




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

Herts

SG1 3QP





 


DARE WARWICK (PROPERTIES) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


DARE WARWICK (PROPERTIES) LIMITED
REGISTERED NUMBER:00545481



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
272
362

Investments
 5 
4,547,757
4,322,283

Investment property
 6 
18,820,000
28,209,575

  
23,368,029
32,532,220

Current assets
  

Debtors: amounts falling due within one year
 7 
150,832
22,802

Cash at bank and in hand
  
1,588,353
292,024

  
1,739,185
314,826

Creditors: amounts falling due within one year
 8 
(1,787,277)
(947,145)

Net current liabilities
  
 
 
(48,092)
 
 
(632,319)

Total assets less current liabilities
  
23,319,937
31,899,901

Provisions for liabilities
  

Deferred tax
 9 
(3,533,062)
(5,705,812)

  
 
 
(3,533,062)
 
 
(5,705,812)

Net assets
  
19,786,875
26,194,089


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Share premium account
  
938
938

Investment property fair value reserve
  
14,885,615
21,270,213

Profit and loss account
  
4,890,322
4,912,938

  
19,786,875
26,194,089


Page 1

 


DARE WARWICK (PROPERTIES) LIMITED
REGISTERED NUMBER:00545481


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 August 2025.

................................................
L G Peirce
................................................
S Rose
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


DARE WARWICK (PROPERTIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Dare Warwick (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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income is recognised on a straight-line basis over the year in which the rental relates.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 


DARE WARWICK (PROPERTIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Financial instruments

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2024 - 7).

Page 4

 


DARE WARWICK (PROPERTIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2024
129,217



At 31 March 2025

129,217



Depreciation


At 1 April 2024
128,855


Charge for the year on owned assets
90



At 31 March 2025

128,945



Net book value



At 31 March 2025
272



At 31 March 2024
362


5.


Fixed asset investments





Listed investments
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 April 2024
4,284,483
37,800
4,322,283


Additions
4,135,199
-
4,135,199


Disposals
(3,659,699)
(600)
(3,660,299)


Revaluations
(249,426)
-
(249,426)



At 31 March 2025
4,510,557
37,200
4,547,757




Page 5

 


DARE WARWICK (PROPERTIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2024
28,209,575


Additions at cost
44,090


Disposals
(9,494,081)


Surplus on revaluation
60,416



At 31 March 2025
18,820,000

Investment Property was valued by Lambert Smith Hampton and Breckon and Breckon on an open market value as at 31st March 2025.
A portion of the development land was disposed of during the period. The remaining portion of development land was valued by Newmark Gerald Eve LLP as at 31st March 2025.







7.


Debtors

2025
2024
£
£


Trade debtors
53,325
19,100

Other debtors
97,507
461

Prepayments and accrued income
-
3,241

150,832
22,802



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
46,526
9,012

Corporation tax
-
87,931

Other taxation and social security
1,272,149
15,088

Other creditors
408,313
775,856

Accruals and deferred income
60,289
59,258

1,787,277
947,145


Page 6

 


DARE WARWICK (PROPERTIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Deferred taxation




2025


£






At beginning of year
(5,705,812)


Charged to profit or loss
2,172,750



At end of year
(3,533,062)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(68)
(91)

Capital gains on investments
(3,532,994)
(5,705,721)

(3,533,062)
(5,705,812)


10.


Related party transactions

Included in other fixed assets are loans to directors in the ordinary course of business amounting to £37,200 (2024: £37,800), interest has been charged at proper commercial rates.
An advance has been made to a director 'jointly with others'.

 
Page 7