| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2025 |
| for |
| Dawe Properties Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2025 |
| for |
| Dawe Properties Limited |
| Dawe Properties Limited (Registered number: SC316720) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Dawe Properties Limited |
| Company Information |
| for the Year Ended 28 February 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 25 Sandyford Place |
| Glasgow |
| G3 7NG |
| Dawe Properties Limited (Registered number: SC316720) |
| Balance Sheet |
| 28 February 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Capital reserve | 8 |
| Fair value reserve | 8 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Dawe Properties Limited (Registered number: SC316720) |
| Balance Sheet - continued |
| 28 February 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Dawe Properties Limited (Registered number: SC316720) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2025 |
| 1. | STATUTORY INFORMATION |
| Dawe Properties Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rent received. |
| Tangible fixed assets |
| The cost of tangible fixed assets is their cost, together with any incidental costs of acquisition. |
| Investment properties are included at fair value. Gains or losses on revaluations are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Investment properties - not provided |
| Fittings and equipment - 15% on reducing balance |
| Financial instruments |
| Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| Dawe Properties Limited (Registered number: SC316720) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2025 |
| 2. | 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fittings |
| Investment | and |
| properties | equipment | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 March 2024 |
| and 28 February 2025 |
| DEPRECIATION |
| At 1 March 2024 |
| Charge for year |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| Cost or valuation at 28 February 2025 is represented by: |
| Fittings |
| Investment | and |
| properties | equipment | Totals |
| £ | £ | £ |
| Valuation in 2022 | 4,122,000 | - | 4,122,000 |
| Cost | - | 10,000 | 10,000 |
| 4,122,000 | 10,000 | 4,132,000 |
| Dawe Properties Limited (Registered number: SC316720) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 2,729,035 | 2,729,035 |
| The market values of the investment properties have been arrived at on the basis of a valuation carried out on 28 February 2022 by the directors of the company who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the state of the rental market in the areas where the properties are situated. |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 6. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 131,224 | 131,248 |
| Deferred |
| tax |
| £ |
| Balance at 1 March 2024 |
| Provided during year | ( |
) |
| Deferred tax on revaluation |
| Balance at 28 February 2025 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| Dawe Properties Limited (Registered number: SC316720) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2025 |
| 8. | RESERVES |
| The capital reserve of £1,859,000 at 28 February 2025 (2024 - £1,859,000) represents the value of properties bequeathed to the company by a relative of Dr L Walker. |
| Fair value reserve arose following revaluation of investment properties. |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The company received rent during the year from properties owned by Dr L Walker which it occupies on a rent free basis. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Dr Lynn Walker. |