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REGISTERED NUMBER: 01320624 (England and Wales)











D & K St Clair Limited

Unaudited Financial Statements

for the Year Ended 31 March 2022






D & K St Clair Limited (Registered number: 01320624)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


D & K St Clair Limited

Company Information
for the Year Ended 31 March 2022







Directors: D St.Clair
Mrs K St.Clair





Secretary: Mrs K St.Clair





Registered office: 76 Manchester Road
Denton
Manchester
M34 3PS





Registered number: 01320624 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
76 Manchester Road
Denton
Manchester
M34 3PS

D & K St Clair Limited (Registered number: 01320624)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £   
Fixed assets
Tangible assets 4 829 1,086
Investment property 5 350,000 350,000
350,829 351,086

Current assets
Debtors 6 516 681
Cash at bank 2,471 3,659
2,987 4,340
Creditors
Amounts falling due within one year 7 (10,840 ) (12,818 )
Net current liabilities (7,853 ) (8,478 )
Total assets less current liabilities 342,976 342,608

Provisions for liabilities (48,060 ) (48,060 )
Net assets 294,916 294,548

Capital and reserves
Called up share capital 200 200
Fair value reserve 253,682 253,682
Retained earnings 41,034 40,666
Shareholders' funds 294,916 294,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

D & K St Clair Limited (Registered number: 01320624)

Balance Sheet - continued
31 March 2022


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 11 July 2022 and were signed on its behalf by:





D St.Clair - Director


D & K St Clair Limited (Registered number: 01320624)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. Statutory information

D & K St Clair 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.

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.

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 etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

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.


D & K St Clair Limited (Registered number: 01320624)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

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 1 (2021 - 1 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2021
and 31 March 2022 10,779
Depreciation
At 1 April 2021 9,693
Charge for year 257
At 31 March 2022 9,950
Net book value
At 31 March 2022 829
At 31 March 2021 1,086

5. Investment property
Total
£   
Fair value
At 1 April 2021
and 31 March 2022 350,000
Net book value
At 31 March 2022 350,000
At 31 March 2021 350,000

D & K St Clair Limited (Registered number: 01320624)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. Debtors: amounts falling due within one year
31.3.22 31.3.21
£    £   
Other debtors 516 681

7. Creditors: amounts falling due within one year
31.3.22 31.3.21
£    £   
Taxation and social security 346 1,272
Other creditors 10,494 11,546
10,840 12,818