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REGISTERED NUMBER: 03850448 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

DIGITAL BUYING PARTNERS LIMITED

DIGITAL BUYING PARTNERS LIMITED (REGISTERED NUMBER: 03850448)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DIGITAL BUYING PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: S Verma
I B Soni
S K Kalva





REGISTERED OFFICE: 48 Gastein Road
Hammersmith
London
W6 8LU





REGISTERED NUMBER: 03850448 (England and Wales)





ACCOUNTANTS: Waterfords Europe Limited t/a Jon Avol Waterfords
204 Field End Road
Eastcote
Middlesex
HA5 1RD

DIGITAL BUYING PARTNERS LIMITED (REGISTERED NUMBER: 03850448)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,757 25,459
Investment property 5 621,922 621,922
636,679 647,381

CURRENT ASSETS
Stocks 6 16,300 20,022
Debtors 7 244,972 206,370
Cash at bank 75,484 63,858
336,756 290,250
CREDITORS
Amounts falling due within one year 8 (107,114 ) (68,397 )
NET CURRENT ASSETS 229,642 221,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

866,321

869,234

CREDITORS
Amounts falling due after more than one
year

9

(41,075

)

(50,000

)
NET ASSETS 825,246 819,234

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 825,245 819,233
SHAREHOLDERS' FUNDS 825,246 819,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:



S Verma - Director


DIGITAL BUYING PARTNERS LIMITED (REGISTERED NUMBER: 03850448)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Digital Buying Partners 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised in the accounting period in which services are rendered when the outcome can be estimated reliably.The company uses the the percentage of completion method based based on actual service performed as a percentage of total services to be provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value. Cost includes actual costs of services provided. Net realisable value is the estimated selling price in the ordinary course of business.

Stocks of properties are valued at the lower of cost and net realisable value. Cost includes all actual costs of purchase, costs of conversion and other costs incurred in bringing the properties to their present location and condition. Net realisable value is the estimated selling price in the ordinary course of business.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

DIGITAL BUYING PARTNERS LIMITED (REGISTERED NUMBER: 03850448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2022 135,888
Additions 3,207
At 28 February 2023 139,095
DEPRECIATION
At 1 March 2022 110,429
Charge for year 13,909
At 28 February 2023 124,338
NET BOOK VALUE
At 28 February 2023 14,757
At 28 February 2022 25,459

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 621,922
NET BOOK VALUE
At 28 February 2023 621,922
At 28 February 2022 621,922

6. STOCKS
28.2.23 28.2.22
£    £   
Work-in-progress 16,300 20,022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 244,972 206,370

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 6,448 13,880
Other creditors 100,666 54,517
107,114 68,397

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 41,075 50,000

DIGITAL BUYING PARTNERS LIMITED (REGISTERED NUMBER: 03850448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
S Verma
Balance outstanding at start of year (39,923 ) (74,014 )
Amounts advanced - 34,091
Amounts repaid (57,548 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (97,471 ) (39,923 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is S Verma.