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REGISTERED NUMBER: 08023219 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

D & M PROPERTY DEVELOPMENTS LTD

D & M PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 08023219)






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


D & M PROPERTY DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: M H Gilbert
D L Gilbert





REGISTERED OFFICE: 7 Hill Close
London
NW11 7JP





REGISTERED NUMBER: 08023219 (England and Wales)






D & M PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 08023219)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1,422,369 1,422,369
Investment property 6 1,085,490 1,085,490
2,507,859 2,507,859

CURRENT ASSETS
Debtors 7 18,636,507 16,405,744
Cash at bank 380,886 893,674
19,017,393 17,299,418
CREDITORS
Amounts falling due within one year 8 13,344,416 12,725,519
NET CURRENT ASSETS 5,672,977 4,573,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,180,836

7,081,758

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,180,736 7,081,658
8,180,836 7,081,758

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 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 2 November 2023 and were signed on its behalf by:



D L Gilbert - Director


D & M PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 08023219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

D & M PROPERTY DEVELOPMENTS LTD 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.

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

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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 NIL (2022 - NIL).

D & M PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 08023219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 1,749
DEPRECIATION
At 1 May 2022
and 30 April 2023 1,749
NET BOOK VALUE
At 30 April 2023 -

5. FIXED ASSET INVESTMENTS
Interest Interest
in joint in Other
venture associate investments Totals
£    £    £    £   
COST
At 1 May 2022
and 30 April 2023 1 1,422,454 (86 ) 1,422,369
NET BOOK VALUE
At 30 April 2023 1 1,422,454 (86 ) 1,422,369
At 30 April 2022 1 1,422,454 (86 ) 1,422,369

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 1,085,490
NET BOOK VALUE
At 30 April 2023 1,085,490
At 30 April 2022 1,085,490

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 18,636,507 16,405,744

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security 266,452 218,740
Other creditors 13,077,964 12,506,779
13,344,416 12,725,519

D & M PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 08023219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. RELATED PARTY DISCLOSURES

Included within other creditors is a balance of £11,381,408 (2022: £12,258,378) owed to the directors of the company. This balance is unsecured, interest free and repayable on demand.

Where possible, the company has taken advantage of the exemption conferred by FRS 102 section 33 from the requirement to disclose transactions with other wholly owned group undertakings.

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.