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Registered number: 08127104

D.Estates Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

D.Estates Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
DIRECTORS
David Kuflik
REGISTERED OFFICE
17 Lampard Grove
London
London
N16 6XA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08127104
BANKERS
Barclays, Lloyds
SOLICITORS
William Sturges
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

D.Estates Limited

ACCOUNTS
FOR THEYEARENDED31/01/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

D.Estates Limited

BALANCE SHEET AT 31/01/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3,755,0003,105,000
CURRENT ASSETS
Debtors3504,698189,308
Cash at bank and in hand105,40318,646
610,101207,954
CREDITORS: Amounts falling due within one year473,239108,753
NET CURRENT ASSETS536,86299,201
TOTAL ASSETS LESS CURRENT LIABILITIES4,291,8623,204,201
CREDITORS: Amounts falling due after more than one year52,965,2411,924,259
PROVISIONS FOR LIABILITIES AND CHARGES7186,500170,000
NET ASSETS1,140,1211,109,942
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account1,140,0211,109,842
SHAREHOLDERS' FUNDS1,140,1211,109,942
For the year ending 31/01/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/11/2023 and signed on their behalf by
.............................
David Kuflik
Director

D.Estates Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Dividends On Shares Presented Within Shareholders Funds
Dividends unpaid at the balance sheet date are only recognised as a liability at that date to the extent that they are appropriately authorised and are no longer at the discretion of the Company Unpaid dividends that do not meet these criteria are disclosed in the notes to the financial statements.
1d. Other Income
Other income represents fair value adjustments to investment properties. A provision for deferred tax is made at the current rate of corporation tax.
2. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/02/20223,105,0003,105,000
Additions591,925591,925
Revaluation58,07558,075
At 31/01/20233,755,0003,755,000

D.Estates Limited

3. DEBTORS 20232022
££
Amounts falling due within one year
VAT2424
Other debtors481,550182,284
Prepayments23,1247,000
504,698189,308
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax3,8956,401
PAYE control138249
Other creditors67,406100,303
Accruals1,8001,800
73,239108,753
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr43,68149,074
Bank loans (secured) >1yr2,921,5601,875,185
2,965,2411,924,259
6. EMPLOYEES
20232022
No.No.
Average number of employees66

D.Estates Limited

7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation186,500170,000
186,500170,000
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. CONTROLLING PARTY
The company is controlled by D. Kuflik, the director, by virtue of the fact that he owns 100% of the company's issued and called up voting share capital.
10. RELATED PARTY TRANSACTIONS
During the year, certain loans were made to the company by D Kuflik, the director. The balance due to the director at the year end totalled £54,406 (2022: £82,802). The loan is interest free and repayable on demand.
During the year, dividends of £28,000 (2022: £28,000) were paid to D Kuflik, the director.