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DARK DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






DARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05561391)

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


DARK DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: J S Nagra
Mrs P K Nagra





REGISTERED OFFICE: 35 Station Road
Long Eaton
Nottinghamshire
NG10 2DF





REGISTERED NUMBER: 05561391 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

DARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05561391)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 452,500 455,000

CURRENT ASSETS
Debtors 5 2,807 3,295
Cash at bank and in hand 8,335 6,178
11,142 9,473
CREDITORS
Amounts falling due within one year 6 162,834 164,637
NET CURRENT LIABILITIES (151,692 ) (155,164 )
TOTAL ASSETS LESS CURRENT LIABILITIES 300,808 299,836

CREDITORS
Amounts falling due after more than one
year

7

140,576

140,576
NET ASSETS 160,232 159,260

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 9 99,546 102,046
Retained earnings 60,676 57,204
160,232 159,260

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.

DARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05561391)

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 14 August 2022 and were signed on its behalf by:





J S Nagra - Director


DARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05561391)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Dark Developments 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
Turnover represents the value of rents receivable in the year.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

DARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05561391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021 455,000
Revaluations (2,500 )
At 31 March 2022 452,500
NET BOOK VALUE
At 31 March 2022 452,500
At 31 March 2021 455,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2006 15,916
Valuation in 2013 5,713
Valuation in 2017 29,000
Valuation in 2019 (14,000 )
Valuation in 2021 65,417
Valuation in 2022 (2,500 )
Cost 352,954
452,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 422 880
Other debtors 2,385 2,415
2,807 3,295

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 96 4,486
Taxation and social security 1,209 371
Other creditors 161,529 159,780
162,834 164,637

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 140,576 140,576

DARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05561391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 140,576 140,576

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 140,576 140,576

Bank loans are secured on the investment properties owned by the company.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2021 102,046
Transfer from retained earnings (2,500 )

At 31 March 2022 99,546