2022-05-01 05791526 2023-04-30 05791526 2022-05-01 2023-04-30 05791526 2022-04-30 05791526 2021-05-01 2022-04-30 05791526 uk-core:WithinOneYear uk-bus:Original 2022-04-30 05791526 uk-core:WithinOneYear uk-bus:Original 2023-04-30 05791526 uk-core:AfterOneYear uk-bus:Original 2022-04-30 05791526 uk-core:AfterOneYear uk-bus:Original 2023-04-30 05791526 uk-core:ShareCapital uk-bus:Original 2023-04-30 05791526 uk-core:ShareCapital uk-bus:Original 2022-04-30 05791526 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-04-30 05791526 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-04-30 05791526 uk-bus:Director1 uk-bus:Original 2022-05-01 2023-04-30 05791526 uk-core:ToolsEquipment uk-bus:Original 2022-04-30 05791526 uk-core:Buildings uk-bus:Original 2022-04-30 05791526 uk-core:Buildings uk-bus:Original 2023-04-30 05791526 uk-core:ToolsEquipment uk-bus:Original 2023-04-30 iso4217:GBP xbrli:pure 05791526 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-05-01 2023-04-30 05791526 uk-bus:FRS102 uk-bus:Original 2022-05-01 2023-04-30 05791526 uk-bus:FilletedAccounts uk-bus:Original 2022-05-01 2023-04-30 05791526 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-05-01 2023-04-30
DNG Properties Limited
Registered Number:05791526
For the year ended 30 April 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2023
DNG Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05791526
As at 30 April 2023
DNG Properties Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
211,343
211,343
2
211,343
211,343
Current assets
4,809
Cash and cash equivalents
3,889
3,889
4,809
Trade and other payables: amounts falling due within one year
(126,986)
(124,829)
3
(122,177)
(120,940)
Net current liabilities
Total assets less current liabilities
90,403
89,166
Trade and other payables: amounts falling due after more than one
year
(99,381)
(100,298)
4
(9,895)
Net liabilities
(10,215)
Capital and reserves
Called up share capital
2
2
Retained earnings
(9,897)
(10,217)
(9,895)
(10,215)
Shareholders' funds
For the year ended 30 April 2023 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 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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Gregory John Hughes Director
These financial statements were approved and authorised for issue by the Board on 27 October 2023 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 April 2023
DNG Properties Limited
Notes to the Financial Statements
Statutory Information
DNG Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
05791526.
Registered address:
1 Beachcroft Road
Meols
Wirral
Merseyside
CH47 6BD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives
are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The
directors undertake an annual impairment review of these properties.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2 of 3
5
For the year ended 30 April 2023
DNG Properties Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Land and
buildings
£
£
£
Cost or valuation
At 01 May 2022
212,082
739
211,343
At 30 April 2023
211,343
739
212,082
Provision for depreciation and impairment
At 01 May 2022
739
739
-
At 30 April 2023
739
739
-
At 30 April 2023
Net book value
211,343
-
211,343
At 30 April 2022
211,343
-
211,343
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Other creditors
124,829
126,986
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
100,298
99,381
5. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
3 of 3