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REGISTERED NUMBER: 07590305 (England and Wales)















DACC Property Limited

Unaudited Financial Statements for the Year Ended 30 April 2023






DACC Property Limited (Registered number: 07590305)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DACC Property Limited

Company Information
for the Year Ended 30 April 2023







Director: S D Heywood





Secretary: C L Heywood





Registered office: Oakside Cottage
Norwich Road
Hethersett
Norfolk
NR9 3DE





Registered number: 07590305 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

DACC Property Limited (Registered number: 07590305)

Statement of Financial Position
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
Fixed assets
Investment property 4 243,925 233,645

Current assets
Debtors 5 1,506 1,998

Creditors
Amounts falling due within one year 6 100,063 106,788
Net current liabilities (98,557 ) (104,790 )
Total assets less current liabilities 145,368 128,855

Provisions for liabilities 14,777 12,823
Net assets 130,591 116,032

Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 88,927 80,601
Retained earnings 41,564 35,331
Shareholders' funds 130,591 116,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 17 October 2023 and were signed by:





S D Heywood - Director


DACC Property Limited (Registered number: 07590305)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. Statutory information

DACC Property 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 revenue recognised by the company in respect of rental income on a receivable basis.

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.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ) .

DACC Property Limited (Registered number: 07590305)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. Investment property
Total
£   
Fair value
At 1 May 2022 233,645
Revaluations 10,280
At 30 April 2023 243,925
Net book value
At 30 April 2023 243,925
At 30 April 2022 233,645

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2015 24,780
Valuation in 2016 5,000
Valuation in 2017 5,000
Valuation in 2018 12,750
Valuation in 2019 8,000
Valuation in 2020 650
Valuation in 2021 15,044
Valuation in 2022 22,201
Valuation in 2023 10,280
Cost 140,220
243,925

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

30/4/23 30/4/22
£    £   
Cost 140,220 140,220

The investment property was valued on an open market value basis on 30 April 2023 by the company director .

5. Debtors: amounts falling due within one year
30/4/23 30/4/22
£    £   
Trade debtors 1,121 1,361
Other debtors 385 637
1,506 1,998

6. Creditors: amounts falling due within one year
30/4/23 30/4/22
£    £   
Taxation and social security 1,461 1,137
Other creditors 98,602 105,651
100,063 106,788

DACC Property Limited (Registered number: 07590305)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. Reserves
Revaluatio
reserve
£   
At 1 May 2022 80,601
Transfer to revaluation reserve 8,326

At 30 April 2023 88,927

8. Ultimate controlling party

The ultimate controlling party is the Heywood family.