REGISTERED NUMBER: 04331323 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Dawnhaze Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Underhill

Mr A J White

SECRETARY:

Mrs A Underhill

REGISTERED OFFICE:

Woodlands

Staplegrove

Taunton

Somerset

TA2 6AL

REGISTERED NUMBER:

04331323 (England and Wales)

FIXED ASSETS

Tangible assets

4

39,489

27,276

Investments

5

630,818

380,818

Investment property

6

8,403,332

6,921,650

9,073,639

7,329,744

CURRENT ASSETS

Debtors

7

946,856

817,441

Cash at bank and in hand

523,259

822,440

1,470,115

1,639,881

CREDITORS

Amounts falling due within one year

8

419,265

779,723

NET CURRENT ASSETS

1,050,850

860,158

TOTAL ASSETS LESS CURRENT LIABILITIES

10,124,489

8,189,902

CREDITORS

Amounts falling due after more than one year

9

(2,885,343

)

(1,968,627

)

PROVISIONS FOR LIABILITIES

11

(271,249

)

(176,445

)

NET ASSETS

6,967,897

6,044,830

CAPITAL AND RESERVES

Called up share capital

4

4

Other reserves

1,259,912

859,061

Retained earnings

5,707,981

5,185,765

SHAREHOLDERS' FUNDS

6,967,897

6,044,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2026 and were signed on its behalf by:

Mrs A Underhill - Director

Mr A J White - Director

1.	STATUTORY INFORMATION

Dawnhaze 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

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

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

Plant and machinery

-

20% on straight line basis

Fixtures and fittings

-

20% on straight line basis

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on straight line basis

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.

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 (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

17,734

98,618

78,420

4,310

199,082

Additions

-

5,000

20,706

-

25,706

Disposals

-

-

(14,862

)

-

(14,862

)

At 31 March 2026

17,734

103,618

84,264

4,310

209,926

DEPRECIATION

At 1 April 2025

17,734

98,618

53,539

1,915

171,806

Charge for year

-

667

10,069

897

11,633

Eliminated on disposal

-

-

(13,002

)

-

(13,002

)

At 31 March 2026

17,734

99,285

50,606

2,812

170,437

NET BOOK VALUE

At 31 March 2026

-

4,333

33,658

1,498

39,489

At 31 March 2025

-

-

24,881

2,395

27,276

5.	FIXED ASSET INVESTMENTS

Interest

in

Other

associate

investments

Totals

£

£

£

COST

At 1 April 2025

50

380,768

380,818

Additions

-

250,000

250,000

At 31 March 2026

50

630,768

630,818

NET BOOK VALUE

At 31 March 2026

50

630,768

630,818

At 31 March 2025

50

380,768

380,818

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

6,921,650

Additions

1,101,566

Disposals

(111,676

)

Revaluations

491,792

At 31 March 2026

8,403,332

NET BOOK VALUE

At 31 March 2026

8,403,332

At 31 March 2025

6,921,650

The historical cost of the property is £6,945,105

The property portfolio has been valued by the directors who are not professionally qualified valuers.

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

491,792

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

6,880,869

8,403,332

7.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

17,278

29,447

Amounts owed by associates

96,019

113,019

Other debtors

-

505,000

Directors' current accounts

250,000

-

Prepayments and accrued income

44,809

31,225

408,106

678,691

Amounts falling due after more than one year:

Other debtors

538,750

138,750

Aggregate amounts

946,856

817,441

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

15,646

438,883

Trade creditors - rents

in advance and deposits held

137,452

122,791

Corporation tax

170,945

111,876

Social security and other taxes

58,994

-

VAT

28,908

19,381

Accrued expenses

7,320

86,792

419,265

779,723

The bank loans and overdraft facility are secured on the assets of the company.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

15,646

438,883

Bank loans - 2-5 years

2,869,697

1,316,648

Bank loans more 5 yr by instal

-

213,096

2,885,343

1,968,627

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

213,096

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

2,900,989

2,407,510

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

271,249

176,445

Deferred

tax

£

Balance at 1 April 2025

176,445

Charge to Income Statement during year

94,804

Balance at 31 March 2026

271,249

The deferred tax provision comprises £8,698 in respect of timing differences on fixed assets between accelerated capital allowances and depreciation and £262,551 in respect of a deferred tax provision on properties revalued using a tax rate of 25%.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors were each advanced an interest free loan of £250,000, one of which was repaid during the year and the other loan still outstanding to be repaid by 31/12/2026.

13.	RELATED PARTY DISCLOSURES

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 (2025: £20,000).

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 (2025: £20,000).

A company in which Mrs A Underhill is also a director.

Included in debtors is a loan of £96,019 (2025: £113,019) due from a company in which Dawnhaze Ltd has a 50% holding. No interest was charged in the year (2025: 0%).

14.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party.