IRIS Accounts Production v25.1.4.42 10334008 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103340082023-08-31103340082024-08-31103340082023-09-012024-08-31103340082022-08-31103340082022-09-012023-08-31103340082023-08-3110334008ns15:EnglandWales2023-09-012024-08-3110334008ns14:PoundSterling2023-09-012024-08-3110334008ns10:Director12023-09-012024-08-3110334008ns10:Director22023-09-012024-08-3110334008ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3110334008ns10:SmallEntities2023-09-012024-08-3110334008ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3110334008ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3110334008ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3110334008ns10:FullAccounts2023-09-012024-08-3110334008ns10:OrdinaryShareClass12023-09-012024-08-3110334008ns10:CompanySecretary12023-09-012024-08-3110334008ns10:RegisteredOffice2023-09-012024-08-3110334008ns5:CurrentFinancialInstruments2024-08-3110334008ns5:CurrentFinancialInstruments2023-08-3110334008ns5:Non-currentFinancialInstruments2024-08-3110334008ns5:Non-currentFinancialInstruments2023-08-3110334008ns5:ShareCapital2024-08-3110334008ns5:ShareCapital2023-08-3110334008ns5:RetainedEarningsAccumulatedLosses2024-08-3110334008ns5:RetainedEarningsAccumulatedLosses2023-08-3110334008ns5:FurnitureFittings2023-08-3110334008ns5:FurnitureFittings2024-08-3110334008ns5:FurnitureFittings2023-08-3110334008ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-08-3110334008ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3110334008ns5:Secured2024-08-3110334008ns5:Secured2023-08-3110334008ns10:OrdinaryShareClass12024-08-31103340081ns10:Director12023-08-31103340081ns10:Director12022-08-31103340081ns10:Director12023-09-012024-08-31103340081ns10:Director12022-09-012023-08-31103340081ns10:Director12024-08-31103340081ns10:Director12023-08-31
REGISTERED NUMBER: 10334008 (England and Wales)















DRAGON PROPERTY HOLDINGS LIMITED

Unaudited Financial Statements

for the Year Ended 31 August 2024






DRAGON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10334008)

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


DRAGON PROPERTY HOLDINGS LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: R J Clough
E L Clough





SECRETARY: R J Clough





REGISTERED OFFICE: 9 Court Close
Cottrell Gardens
Bonvilston
Cardiff
CF5 6FX





REGISTERED NUMBER: 10334008 (England and Wales)





ACCOUNTANTS: MHA (trading name of MHA Audit LLP)
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

DRAGON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10334008)

Balance Sheet
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,330,000 1,275,000
1,330,000 1,275,000

CURRENT ASSETS
Cash at bank 5,101 17,101

CREDITORS
Amounts falling due within one year 6 (553,195 ) (548,821 )
NET CURRENT LIABILITIES (548,094 ) (531,720 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

781,906

743,280

CREDITORS
Amounts falling due after more than one year 7 (834,642 ) (834,641 )
NET LIABILITIES (52,736 ) (91,361 )

CAPITAL AND RESERVES
Called up share capital 9 140,004 140,004
Retained earnings (192,740 ) (231,365 )
SHAREHOLDERS' FUNDS (52,736 ) (91,361 )

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 directors acknowledge their 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 PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10334008)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:




R J Clough - Director



E L Clough - Director


DRAGON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10334008)

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


1. STATUTORY INFORMATION

Dragon Property Holdings 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 company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102.

GOING CONCERN
As at 31 August 2024 there were net current liabilities of £548,094 and net liabilities of £52,736. The directors consider the going concern basis adopted for these financial statement to be appropriate, based upon available continued support.

TURNOVER
Turnover represents rental income receivable for the year, 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:

Fixtures and Fittings 20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 gains at the rate expected to apply when the asset is sold.

CURRENT TAX
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at 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.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an un-discounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

FINANCIAL INSTRUMENTS
Basic financial instruments are recognised at amortised cost.

DRAGON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10334008)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
Fittings
£   
COST
At 1 September 2023
and 31 August 2024 14,598
DEPRECIATION
At 1 September 2023
and 31 August 2024 14,598
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,275,000
Additions 8,921
Revaluations 46,079
At 31 August 2024 1,330,000
NET BOOK VALUE
At 31 August 2024 1,330,000
At 31 August 2023 1,275,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 1,330,000

The properties were sold after the year end, but prior to the date of this report. Investment property values have been updated accordingly.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax - 1,792
Other creditors - 17,109
Other loans 552,356 528,342
Accruals and deferred income 839 1,578
553,195 548,821

DRAGON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10334008)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 834,642 834,641

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 834,642 834,641

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 834,642 834,641
Secured loan - 371,342
834,642 1,205,983

The bank loans are secured on the investment properties owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
140,004 Ordinary £1 140,004 140,004

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
R J Clough
Balance outstanding at start of year - 3,000
Amounts repaid - (3,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No interest was charged on the above loan.