REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2021 |
for |
The Darjan Estate Company Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2021 |
for |
The Darjan Estate Company Limited |
The Darjan Estate Company Limited (Registered number: 04237841) |
Contents of the Financial Statements |
for the Year Ended 30 June 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
The Darjan Estate Company Limited |
Company Information |
for the Year Ended 30 June 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
The Darjan Estate Company Limited (Registered number: 04237841) |
Balance Sheet |
30 June 2021 |
30.6.21 | 30.6.20 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
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. |
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 |
The Darjan Estate Company Limited (Registered number: 04237841) |
Notes to the Financial Statements |
for the Year Ended 30 June 2021 |
1. | STATUTORY INFORMATION |
The Darjan Estate Company Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable on sale of properties and rent receivable. Property sales are reflected after an unconditional exchange of contracts. Rental income is reflected on an accruals basis. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stock consists of properties held at the year end for resale purpose. These properties are valued at the lower of cost plus attributable overheads and net realisable value. Where the properties have been professionally valued for the company's bankers during the period, individual property values have been adjusted accordingly. |
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. |
Investments |
Investments represent a retained Ground Rent investment on a development property sold. The investment is held at a valuation obtained by the directors in 2018. As the investment valuation is regularly reviewed by the directors with an external valuer no depreciation is provided. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
The Darjan Estate Company Limited (Registered number: 04237841) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2021 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 July 2020 |
and 30 June 2021 |
DEPRECIATION |
At 1 July 2020 |
and 30 June 2021 |
NET BOOK VALUE |
At 30 June 2021 |
5. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
30.6.21 | 30.6.20 |
£ | £ |
Ground Rent | 50,000 | 50,000 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.21 | 30.6.20 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.6.21 | 30.6.20 |
£ | £ |
Bank loans |
The bank loans and overdrafts are secured against individual properties of the company. |
The Darjan Estate Company Limited (Registered number: 04237841) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2021 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 June 2021 and 30 June 2020: |
30.6.21 | 30.6.20 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
10. | ULTIMATE CONTROLLING PARTY |
The company is controlled by the Wogman family as directors and shareholders. |