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REGISTERED NUMBER: 04951869 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

DALEVIEW PROPERTIES LIMITED

DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)






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


DALEVIEW PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2022







DIRECTOR: Mr D J Wright





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 04951869 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)

BALANCE SHEET
31 March 2022

2022 2021
Notes £    £   
FIXED ASSETS
Investments 4 50 50
Investment property 5 880,000 880,000
880,050 880,050

CURRENT ASSETS
Debtors 6 130,544 120,544
Cash at bank 341,503 301,551
472,047 422,095
CREDITORS
Amounts falling due within one year 7 (162,414 ) (131,387 )
NET CURRENT ASSETS 309,633 290,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,189,683

1,170,758

CREDITORS
Amounts falling due after more than one year 8 (42,768 ) (42,078 )

PROVISIONS FOR LIABILITIES (6,215 ) (6,215 )
NET ASSETS 1,140,700 1,122,465

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 333,093 333,093
Retained earnings 807,606 789,371
SHAREHOLDERS' FUNDS 1,140,700 1,122,465

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 director acknowledges his 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.

DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)

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 director and authorised for issue on 6 September 2022 and were signed by:





Mr D J Wright - Director


DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2022

1. STATUTORY INFORMATION

Daleview Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of rental income due for the period.

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.

No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2021
and 31 March 2022 50
NET BOOK VALUE
At 31 March 2022 50
At 31 March 2021 50

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 880,000
NET BOOK VALUE
At 31 March 2022 880,000
At 31 March 2021 880,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2022 880,000

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 540,692 540,692

Investment property was valued on an open market basis on 31 March 2022 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 130,544 120,544

DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,248 7,922
Tax 14,832 10,990
Other creditors 68,500 68,500
Directors' current accounts 71,614 41,875
Accruals and deferred income 2,220 2,100
162,414 131,387

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 42,768 42,078

Bank loans outstanding at the year end amounted to £48,016 (2021 - £50,000) and include instalments due after more than five years of £20,902 (2021 - £2,471).

9. RESERVES
Fair
value
reserve
£   
At 1 April 2021
and 31 March 2022 333,093

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £45,000 (2021 - £44,750) were paid to the director .