REGISTERED NUMBER: 07133840 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JANUARY 2025

FOR

DEWSALL COURT LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Mrs S J Vaughan

Mrs E J Robinson

Secretary:

Mrs S J Vaughan

Registered office:

Dewsall Court

Dewsall

Hereford

HR2 8DA

Registered number:

07133840 (England and Wales)

Fixed assets

Tangible assets

4

960,681

1,006,031

Current assets

Stocks

5

6,508

11,243

Debtors

6

74,533

17,484

Cash at bank and in hand

170,883

72

251,924

28,799

Creditors

Amounts falling due within one year

7

673,387

862,820

Net current liabilities

(421,463

)

(834,021

)

Total assets less current liabilities

539,218

172,010

Creditors

Amounts falling due after more than one year

8

1,100,000

594,862

Net liabilities

(560,782

)

(422,852

)

Capital and reserves

Called up share capital

11

100

100

Retained earnings

(560,882

)

(422,952

)

Shareholders' funds

(560,782

)

(422,852

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd October 2025 and were signed on its behalf by:

Mrs E J Robinson - Director

1.	Statutory information

Dewsall Court Ltd 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.

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.

The balance sheet at the year end shows net liabilities of 560,782. The directors consider that the company is able to meet its obligations as they fall due and confirm that they will continue to support the company. Therefore they consider it appropriate to adopt the going concern basis in preparing these accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates in order to write off each asset over its estimated

useful life:

Leasehold improvements 2% straight line

Plant & equipment 10% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its 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.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

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.

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.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees (including officers)

The average number of employees during the year was 63 (2024 - 44 ) .

4.	Tangible fixed assets

Leasehold

Plant &

improvements

equipment

Totals

£

£

£

Cost

At 1st February 2024

and 31st January 2025

1,062,150

477,219

1,539,369

Depreciation

At 1st February 2024

167,503

365,835

533,338

Charge for year

21,244

24,106

45,350

At 31st January 2025

188,747

389,941

578,688

Net book value

At 31st January 2025

873,403

87,278

960,681

At 31st January 2024

894,647

111,384

1,006,031

5.

Stocks

31.1.25

31.1.24

£

£

Stocks

6,508

11,243

6.

Debtors: amounts falling due within one year

31.1.25

31.1.24

£

£

Trade debtors

22,288

6,294

Prepayments

45,755

11,190

Directors' loan accounts

6,490

-

74,533

17,484

7.

Creditors: amounts falling due within one year

31.1.25

31.1.24

£

£

Bank loans

-

147,038

Trade creditors

24,114

37,026

Social security & other taxes

25,091

107,150

Other creditors

14,571

13,123

Directors' loan accounts

-

40,133

Accruals & deferred income

609,611

518,350

673,387

862,820

8.

Creditors: amounts falling due after more than one year

31.1.25

31.1.24

£

£

Bank loans - two to five years

1,100,000

329,139

Bank loans - more than five years

-

265,723

1,100,000

594,862

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than five years

-

265,723

9.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.25

31.1.24

£

£

Within one year

1,584

5,689

10.	Secured debts

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

1,100,000

688,896

Bank loans totalling £1,100,000 are secured on property owned by the director Mrs E J Robinson.

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary shares

£1

100

100

12.	Contingent liabilities

There were no contingent liabilities as at 31st January 2025.

13.	Directors' advances, credits and guarantees

During the year, the directors of the company used current accounts with the company to record amounts due to them and amounts drawn by them. Loans and advances totalling £6,603 and repayments of £113 were made during the year. The balance at the year end was £6,490 owed to the company (2024: £40,133 owed by the company).

The loans and advances were made interest free and were repayable on demand.

14.	Related party disclosures

During the year, the company paid rent totalling £96,000 (2024: £88,000) to Mrs E J Robinson, a director of the company.