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REGISTERED NUMBER: 01035289 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 FEBRUARY 2023

FOR

D.A.R. ESTATES COMPANY LIMITED

D.A.R. ESTATES COMPANY LIMITED (REGISTERED NUMBER: 01035289)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 4 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.A.R. ESTATES COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 4 FEBRUARY 2023







DIRECTOR: D Batten





REGISTERED OFFICE: 3rd Floor
Lawford House
Albert Place
London
N3 1QA





REGISTERED NUMBER: 01035289 (England and Wales)





ACCOUNTANTS: Sterlings Ltd
Chartered Accountants
Lawford House
Albert Place
London
N3 1QA

D.A.R. ESTATES COMPANY LIMITED (REGISTERED NUMBER: 01035289)

BALANCE SHEET
4 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 235,000 260,000
235,001 260,001

CURRENT ASSETS
Debtors 6 3,885 3,705
Cash at bank 29,253 63,968
33,138 67,673
CREDITORS
Amounts falling due within one year 7 (5,116 ) (11,371 )
NET CURRENT ASSETS 28,022 56,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,023

316,303

PROVISIONS FOR LIABILITIES 8 (58,035 ) (48,856 )
NET ASSETS 204,988 267,447

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 204,888 267,347
SHAREHOLDERS' FUNDS 204,988 267,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 4 February 2023 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.

D.A.R. ESTATES COMPANY LIMITED (REGISTERED NUMBER: 01035289)

BALANCE SHEET - continued
4 FEBRUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2023 and were signed by:





D Batten - Director


D.A.R. ESTATES COMPANY LIMITED (REGISTERED NUMBER: 01035289)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 4 FEBRUARY 2023

1. STATUTORY INFORMATION

D.A.R. Estates Company 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.

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

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties are included in the statement of Income and Retained Earnings in the period in which they arise.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets or liabilities like trade debtors, other debtors, trade creditors and other creditors, loans from banks or other third parties and loans to/from related parties.

Debt instruments like bank loans are initially measured at present value of future payments and subsequently at amortised cost using the effective interest method. Debt instruments which are payable or receivable within one year such as trade debtors or trade creditors are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit & loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.A.R. ESTATES COMPANY LIMITED (REGISTERED NUMBER: 01035289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 4 FEBRUARY 2023

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 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 5 February 2022
and 4 February 2023 15,790 3,854 19,644
DEPRECIATION
At 5 February 2022
and 4 February 2023 15,789 3,854 19,643
NET BOOK VALUE
At 4 February 2023 1 - 1
At 4 February 2022 1 - 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 5 February 2022 260,000
Disposals (25,000 )
At 4 February 2023 235,000
NET BOOK VALUE
At 4 February 2023 235,000
At 4 February 2022 260,000

D.A.R. ESTATES COMPANY LIMITED (REGISTERED NUMBER: 01035289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 4 FEBRUARY 2023

5. INVESTMENT PROPERTY - continued

Fair value at 4 February 2023 is represented by:
£   
Valuation in 2011 131,052
Valuation in 2014 (40,000 )
Valuation in 2017 209,087
Valuation in 2020 (11,000 )
Valuation in 2021 (7,000 )
Valuation in 2022 (25,000 )
Valuation in 2023 (25,000 )
Cost 2,861
235,000

If Freehold properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,861 2,861

Freehold Investment Properties were valued on open market basis basis on 4 February 2023 by The Director of the company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,885 3,705

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,916 8,231
Other creditors 1,200 3,140
5,116 11,371

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 58,035 48,856

Deferred
tax
£   
Balance at 5 February 2022 48,856
Provided during year 9,179
Balance at 4 February 2023 58,035

D.A.R. ESTATES COMPANY LIMITED (REGISTERED NUMBER: 01035289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 4 FEBRUARY 2023

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 5 February 2022 267,347
Deficit for the year (17,459 )
Dividends (45,000 )
At 4 February 2023 204,888

The amount of Retained Earnings not being distributable, at the balance sheet date, amounted to £174,104 (2022 - £208,283).

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, the company's director owed the sum of £174 to the company (2022 - nil). This sum was repaid by the director on 27 September 2023.