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Registration number: 11151140

DP Developments NW Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 February 2022 to 30 November 2022

 

DP Developments NW Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 5

 

DP Developments NW Ltd

Company Information

Director

Mr D R Palmer

Registered office

1 Bond Street
Colne
Lancashire
BB8 9DG

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
DP Developments NW Ltd
for the Period Ended 30 November 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DP Developments NW Ltd for the period ended 30 November 2022 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of DP Developments NW Ltd, as a body. Our work has been undertaken solely to prepare for your approval the accounts of DP Developments NW Ltd and state those matters that we have agreed to state to the Board of Directors of DP Developments NW Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DP Developments NW Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that DP Developments NW Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of DP Developments NW Ltd. You consider that DP Developments NW Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of DP Developments NW Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

30 October 2023

 

DP Developments NW Ltd

(Registration number: 11151140)
Balance Sheet as at 30 November 2022

Note

2022
£

2022
£

Current assets

 

Debtors

4

50,107

100

Cash at bank and in hand

 

200,000

100,000

 

250,107

100,100

Creditors: Amounts falling due after more than one year

5

(251,044)

(100,444)

Net liabilities

 

(937)

(344)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(1,037)

(444)

Shareholders' deficit

 

(937)

(344)

For the financial period ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 October 2023
 

.........................................
Mr D R Palmer
Director

 

DP Developments NW Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2022 to 30 November 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Bond Street
Colne
Lancashire
BB8 9DG

These financial statements were authorised for issue by the director on 30 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

DP Developments NW Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2022 to 30 November 2022

3

Staff numbers

The average number of persons employed by the company (including the director) during the period was 1 (2022 - 1).

4

Debtors

2022
£

2022
£

Prepayments

7

-

Other debtors

50,100

100

50,107

100

5

Creditors

Creditors: amounts falling due after more than one year

2022
£

2022
£

Due after one year

Other non-current financial liabilities

251,044

100,444

6

Related party transactions

Transactions with the director

2022

At 1 February 2022
£

Advances to director
£

At 30 November 2022
£

Mr D R Palmer

Unsecured and repayable on demand - interest charged at official rate

100

50,000

50,100

       
     

 

2022

At 1 February 2021
£

Advances to director
£

At 31 January 2022
£

Mr D R Palmer

Unsecured and repayable on demand - interest charged at official rate

-

100

100