| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Dawnhaze Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Dawnhaze Limited |
| Dawnhaze Limited (Registered number: 04331323) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Dawnhaze Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Dawnhaze Limited (Registered number: 04331323) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Other reserves |
| Retained earnings |
| 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. |
| Dawnhaze Limited (Registered number: 04331323) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Dawnhaze Limited (Registered number: 04331323) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Dawnhaze Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| The turnover shown in the profit and loss account represents amounts due during the year on renting out of investment property and where applicable property sales where property has been purchased for development and re-sale. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| Investment property |
| Investment properties are initially recognised at cost and subsequently carried at fair value, determined annually by the Director who is not a professionally qualified valuer. Changes in fair values are recognised in the profit and loss. |
| The investment properties are subject to renovations or improvements at regular intervals. The cost of major renovations and improvements are capitalised and the carrying amounts of the replaced components are recognised in the profit and loss. The cost of maintenance, repairs and minor improvements is recognised in the profit and loss when incurred. |
| On disposal of an investment property, the difference between the disposal proceeds and the carrying amount is recognised in the profit or loss. |
| 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. |
| Dawnhaze Limited (Registered number: 04331323) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| Unlisted investments |
| Unlisted investments are recognised at cost less impairment with any fair value changes recognised in the profit and loss account. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Interest |
| in | Other |
| associate | investments | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 | 380,818 |
| NET BOOK VALUE |
| At 31 March 2025 | 380,818 |
| At 31 March 2024 | 380,818 |
| Dawnhaze Limited (Registered number: 04331323) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) |
| Revaluations | 328,203 |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| The historical cost of the property is £5,890,979. |
| The property portfolio has been valued by the directors who are not professionally qualified valuers. |
| Fair value at 31 March 2025 is represented by: |
| £ |
| Valuation in 2025 | 328,203 |
| Valuation in 2023 | 144,316 |
| Valuation in 2022 | 325,000 |
| Valuation in 2021 | 170,000 |
| Valuation in 2018 | 63,152 |
| Cost | 5,890,979 |
| 6,921,650 |
| 7. | DEBTORS |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by associates |
| Other debtors |
| Prepayments and accrued income |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors - rents |
| in advance and deposits held |
| Corporation tax |
| VAT | 19,381 | 5,557 |
| Accrued expenses |
| The bank loans and overdraft facility are secured on the assets of the company. |
| Dawnhaze Limited (Registered number: 04331323) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 213,096 | 1,229,911 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| 11. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 176,445 | 109,565 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2024 |
| Charge to Income Statement during year |
| Balance at 31 March 2025 |
| The deferred tax provision comprises £4,835 in respect of timing differences on fixed assets between accelerated capital allowances and depreciation and £171,610 in respect of a deferred tax provision on properties revalued using a tax rate of 25%. |
| 12. | RELATED PARTY DISCLOSURES |
| The directors have provided personal guarantees of £375,000 on personally owned properties. |
| A company in which Mrs A Underhill is also a director. |
| Management charges expenses are included in the profit and loss account at £20,000 (2024: £20,000). During the year a loan of £200,000 (2024: £200,000) due to the company was written off to the profit and loss account under agreement between the two companies. |
| A company in which Mr A J White is also a director. |
| Management charges expenses are included in the profit and loss account at £20,000 (2024: £20,000). |
| An LLP in which Mr A J White has an indirect interest. |
| Included in debtors is a loan of £505,000 due to the company by an LLP in which Mr A J White has an indirect interest. Interest is being charged and paid monthly at 6.5% (2024: 6.5%) above base rate. |
| A company in which Mrs A Underhill is also a director. |
| Included in debtors is a loan of £113,019 (2024: £113,019) due from a company in which Dawnhaze Ltd has a 50% holding. No interest was charged in the year (2024: 0%). |
| 13. | ULTIMATE CONTROLLING PARTY |
| There is no overall controlling party. |