Registered number
09592021
DWD Associates Limited
Unaudited Filleted Accounts
31 May 2025

DWD Associates Limited
Registered number: | 09592021
Balance Sheet
as at 31 May 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Investment Properties | 3 |  |  | 1,590,000 |  |  | 1,590,000
Tangible assets | 4 |  |  | 2,801 |  |  | 4,668
|  |  |  | 1,592,801 |  |  | 1,594,668
Current assets
Cash at bank and in hand |  |  | 2,282 |  |  | 5,655
Creditors: amounts falling due within one year | 5 |  | (3,995) |  |  | (1,290)
Net current (liabilities)/assets |  |  |  | (1,713) |  |  | 4,365
Total assets less current liabilities |  |  |  | 1,591,088 |  |  | 1,599,033
Creditors: amounts falling due after more than one year | 6 |  |  | (1,261,077) |  |  | (1,277,680)
Provisions for liabilities |  |  |  | (59,990) |  |  | (59,990)
Net assets |  |  |  | 270,021 |  |  | 261,363
Capital and reserves
Called up share capital |  |  |  | 2 |  |  | 2
Revaluation reserve | 8 |  |  | 251,964 |  |  | 251,964
Profit and loss account |  |  |  | 18,055 |  |  | 9,397
Shareholders' funds |  |  |  | 270,021 |  |  | 261,363
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D W Doyne
Director
Approved by the board on 15 January 2026

DWD Associates Limited
Notes to the Accounts
for the year ended 31 May 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and Equipment | over 5 years
| Investment properties
| Investment properties are initially recognised at cost and then measured at fair value with any revaluation increase or decrease recognised in the profit and loss. The fair value is based on a valuation carried out using independent residential property valuation software.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Investment Properties | Freehold
Investment
Properties
| Cost/ Fair Value | £
| At 1 June 2024 | 1,590,000
| At 31 May 2025 | 1,590,000
| Cost/ Fair Value
| At 31 May 2025 | 1,590,000
| At 31 May 2024 | 1,590,000
| The investment properties have been valued using independent residential valuation software and this provides values based on the area, market & property details. The valuations for investment properties was reviewed to identify any changes in value. The Directors review the valuation performed by the independent valuation software for financial reporting purposes and at each financial year end: - Verifies all major inputs to the independent valuation; - Assesses property valuation movements when compared to the prior year valuation report; and - Holds discussions with the independent valuer as relevant.
4 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and Equipment
£
| Cost
| At 1 June 2024 | 9,336
| At 31 May 2025 | 9,336
| Depreciation
| At 1 June 2024 | 4,668
| Charge for the year | 1,867
| At 31 May 2025 | 6,535
| Net book value
| At 31 May 2025 | 2,801
| At 31 May 2024 | 4,668
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Taxation and social security costs | 2,716 |  | 12
| Other creditors | 1,279 |  | 1,278
|  |  |  |  |  | 3,995 |  | 1,290
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 928,130 |  | 928,130
| Loans from Directors to the Company |  |  |  |  | 332,947 |  | 349,550
|  |  |  |  |  | 1,261,077 |  | 1,277,680
7 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Amounts payable otherwise than by instalment falling due for payment after more than five years |  | 928,130 |  | 925,512
| Secured bank loans | 928,130 |  | 925,512
| The bank loans are secured by fixed charges on the freehold investment properties.
8 | Revaluation reserve | 2025 |  | 2024
£ | £
| At 1 June 2024 | 251,964 |  | 207,414
| Gain on revaluation of land and buildings | - |  | 55,000
| Deferred taxation arising on the revaluation of land and buildings | - |  | (10,450)
| At 31 May 2025 | 251,964 |  | 251,964
9 | Related party transactions
| In the year the directors have continued to provide funding to the company. The balance outstanding at 31 May 2025 was £332,947 (2024 - £349,550). The directors do not charge any interest on this balance and it has been disclosed as creditors due after more than 1 year based on the directors expectations for this funding.
10 | Controlling party
| The company is controlled jointly by the directors by virtue of their shareholdings.
11 | Other information
| DWD Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
| All Saints Cottage
| Cwmbach
| Glasbury On Wye
| Powys
| HR3 5LT

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