IRIS Accounts Production v23.3.0.418 SC621969 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6219692022-02-28SC6219692023-02-28SC6219692022-03-012023-02-28SC6219692021-02-28SC6219692021-03-012022-02-28SC6219692022-02-28SC621969ns10:Originalns15:Scotland2022-03-012023-02-28SC621969ns14:PoundSterlingns10:Original2022-03-012023-02-28SC621969ns10:Originalns10:Director12022-03-012023-02-28SC621969ns10:Original2022-03-012023-02-28SC621969ns10:Original2023-02-28SC621969ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-28SC621969ns10:Originalns10:SmallEntities2022-03-012023-02-28SC621969ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC621969ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-28SC621969ns10:Originalns10:FullAccounts2022-03-012023-02-28SC621969ns10:Originalns10:Director22022-03-012023-02-28SC621969ns10:Originalns10:RegisteredOffice2022-03-012023-02-28SC621969ns10:Original2022-02-28SC621969ns10:Originalns5:CurrentFinancialInstruments2023-02-28SC621969ns10:Originalns5:CurrentFinancialInstruments2022-02-28SC621969ns10:Originalns5:Non-currentFinancialInstruments2023-02-28SC621969ns10:Originalns5:Non-currentFinancialInstruments2022-02-28SC621969ns5:ShareCapitalns10:Original2023-02-28SC621969ns5:ShareCapitalns10:Original2022-02-28SC621969ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-28SC621969ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-28SC621969ns10:Originalns5:ComputerEquipment2022-03-012023-02-28SC621969ns10:Original2021-03-012022-02-28SC621969ns10:Originalns5:ComputerEquipment2022-02-28SC621969ns10:Originalns5:ComputerEquipment2023-02-28SC621969ns10:Originalns5:ComputerEquipment2022-02-28SC621969ns10:Original2022-02-28SC621969ns5:Securedns10:Original2023-02-28SC621969ns5:Securedns10:Original2022-02-28
REGISTERED NUMBER: SC621969 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

D V T PROPERTIES LTD

D V T PROPERTIES LTD (REGISTERED NUMBER: SC621969)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D V T PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: T Mombeini
Mrs V Mombeini





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC621969 (Scotland)





ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

D V T PROPERTIES LTD (REGISTERED NUMBER: SC621969)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,376 2,117
Investment property 5 1,964,399 1,830,709
1,965,775 1,832,826

CURRENT ASSETS
Cash at bank 395,703 695,223

CREDITORS
Amounts falling due within one year 6 1,536,855 1,687,262
NET CURRENT LIABILITIES (1,141,152 ) (992,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

824,623

840,787

CREDITORS
Amounts falling due after more than one
year

7

837,672

862,750
NET LIABILITIES (13,049 ) (21,963 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (13,149 ) (22,063 )
(13,049 ) (21,963 )

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.

D V T PROPERTIES LTD (REGISTERED NUMBER: SC621969)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 21 November 2023 and were signed on its behalf by:





T Mombeini - Director


D V T PROPERTIES LTD (REGISTERED NUMBER: SC621969)

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

1. STATUTORY INFORMATION

D V T Properties Ltd is a private company, limited by shares , registered in Scotland. 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.
Computer equipment - 33% on a straight line basis

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

D V T PROPERTIES LTD (REGISTERED NUMBER: SC621969)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022 4,637
Additions 1,178
At 28 February 2023 5,815
DEPRECIATION
At 1 March 2022 2,520
Charge for year 1,919
At 28 February 2023 4,439
NET BOOK VALUE
At 28 February 2023 1,376
At 28 February 2022 2,117

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,830,709
Additions 133,690
At 28 February 2023 1,964,399
NET BOOK VALUE
At 28 February 2023 1,964,399
At 28 February 2022 1,830,709

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 1,513
Other creditors 1,536,855 1,685,749
1,536,855 1,687,262

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 837,672 862,750

D V T PROPERTIES LTD (REGISTERED NUMBER: SC621969)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 837,672 862,750

The bank loan is secured by a standard security over the company's investment properties.