1 October 2021 false No description of principal activity Taxfiler 2023.9 08671769business:PrivateLimitedCompanyLtd2021-10-012022-09-30 086717692021-09-30 086717692021-10-012022-09-30 08671769business:AuditExempt-NoAccountantsReport2021-10-012022-09-30 08671769business:FilletedAccounts2021-10-012022-09-30 086717692022-09-30 08671769business:Director12021-10-012022-09-30 08671769business:RegisteredOffice2021-10-012022-09-30 086717692021-09-30 08671769core:WithinOneYear2022-09-30 08671769core:WithinOneYear2021-09-30 08671769core:AfterOneYear2022-09-30 08671769core:AfterOneYear2021-09-30 08671769core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 08671769core:ShareCapitalcore:PreviouslyStatedAmount2021-09-30 08671769core:RevaluationReservecore:PreviouslyStatedAmount2022-09-30 08671769core:RevaluationReservecore:PreviouslyStatedAmount2021-09-30 08671769core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 08671769core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-09-30 08671769core:PreviouslyStatedAmount2022-09-30 08671769core:PreviouslyStatedAmount2021-09-30 08671769business:SmallEntities2021-10-012022-09-30 08671769countries:EnglandWales2021-10-012022-09-30 08671769core:LandBuildings2021-09-30 08671769core:FurnitureFittings2021-09-30 08671769core:LandBuildings2022-09-30 08671769core:FurnitureFittings2022-09-30 086717692020-10-012021-09-30 iso4217:GBP xbrli:pure
Company Registration No. 08671769 (England and Wales)
DNG MILTON KEYNES PROPERTIES LTD Unaudited accounts for the year ended 30 September 2022
DNG MILTON KEYNES PROPERTIES LTD Unaudited accounts Contents
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DNG MILTON KEYNES PROPERTIES LTD Company Information for the year ended 30 September 2022
Director
Guillaume De La Gorce
Company Number
08671769 (England and Wales)
Registered Office
TOUTHILL PLACE TOUTHILL CLOSE PETERBOROUGH PE1 1FU ENGLAND
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DNG MILTON KEYNES PROPERTIES LTD Statement of financial position as at 30 September 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,736,272 
3,736,272 
Current assets
Debtors
720,241 
17,938 
Cash at bank and in hand
2,636 
1,046 
722,877 
18,984 
Creditors: amounts falling due within one year
(78,132)
(35,327)
Net current assets/(liabilities)
644,745 
(16,343)
Total assets less current liabilities
4,381,017 
3,719,929 
Creditors: amounts falling due after more than one year
(3,259,239)
(2,535,263)
Provisions for liabilities
Deferred tax
(260,306)
(260,306)
Net assets
861,472 
924,360 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
1,370,033 
1,370,033 
Profit and loss account
(508,661)
(445,773)
Shareholders' funds
861,472 
924,360 
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Guillaume De La Gorce Director Company Registration No. 08671769
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DNG MILTON KEYNES PROPERTIES LTD Notes to the Accounts for the year ended 30 September 2022
1
Statutory information
DNG MILTON KEYNES PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 08671769. The registered office is TOUTHILL PLACE, TOUTHILL CLOSE, PETERBOROUGH, PE1 1FU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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DNG MILTON KEYNES PROPERTIES LTD Notes to the Accounts for the year ended 30 September 2022
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2021
3,700,000 
36,272 
3,736,272 
At 30 September 2022
3,700,000 
36,272 
3,736,272 
Depreciation
At 30 September 2022
- 
- 
- 
Net book value
At 30 September 2022
3,700,000 
36,272 
3,736,272 
At 30 September 2021
3,700,000 
36,272 
3,736,272 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,157 
17,938 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
694,084 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
46,592 
- 
Trade creditors
26,587 
28,439 
Other creditors
4,953 
6,888 
78,132 
35,327 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
2,798,740 
2,535,263 
Amounts owed to group undertakings and other participating interests
460,499 
- 
3,259,239 
2,535,263 
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DNG MILTON KEYNES PROPERTIES LTD Notes to the Accounts for the year ended 30 September 2022
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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