IRIS Accounts Production v23.2.0.158 03314883 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:kWh033148832022-02-28033148832023-02-28033148832022-03-012023-02-28033148832021-02-28033148832021-03-012022-02-28033148832022-02-2803314883ns10:Originalns15:EnglandWales2022-03-012023-02-2803314883ns14:PoundSterlingns10:Original2022-03-012023-02-2803314883ns10:Originalns10:Director12022-03-012023-02-2803314883ns10:Original2022-03-012023-02-2803314883ns10:Original2023-02-2803314883ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2803314883ns10:Originalns10:SmallEntities2022-03-012023-02-2803314883ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2803314883ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2803314883ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2803314883ns10:Originalns10:FullAccounts2022-03-012023-02-2803314883ns10:Originalns10:Director22022-03-012023-02-2803314883ns10:CompanySecretary1ns10:Original2022-03-012023-02-2803314883ns10:Originalns10:RegisteredOffice2022-03-012023-02-2803314883ns10:Original2022-02-2803314883ns10:Originalns5:CurrentFinancialInstruments2023-02-2803314883ns10:Originalns5:CurrentFinancialInstruments2022-02-2803314883ns5:ShareCapitalns10:Original2023-02-2803314883ns5:ShareCapitalns10:Original2022-02-2803314883ns10:Originalns5:RevaluationReserve2023-02-2803314883ns10:Originalns5:RevaluationReserve2022-02-2803314883ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2803314883ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2803314883ns10:Originalns5:PlantMachinery2022-03-012023-02-2803314883ns10:Original2021-03-012022-02-2803314883ns10:Originalns5:PlantMachinery2022-02-2803314883ns10:Originalns5:PlantMachinery2023-02-2803314883ns10:Originalns5:PlantMachinery2022-02-2803314883ns10:Original2022-02-2803314883ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2803314883ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2803314883ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2803314883ns10:Originalns5:RevaluationReserve2022-02-2803314883ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: 03314883 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

D A M PROPERTIES LIMITED

D A M PROPERTIES LIMITED (Registered number: 03314883)






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 A M PROPERTIES LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Miss A Sergiou
D G Sergiou





SECRETARY: D G Sergiou





REGISTERED OFFICE: 43 Bridgewater Street
Liverpool
Merseyside
L1 0AR





REGISTERED NUMBER: 03314883 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

D A M PROPERTIES LIMITED (Registered number: 03314883)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 755 888
Investment property 5 475,000 475,000
475,755 475,888

CURRENT ASSETS
Debtors 6 2,572 3,764
Cash at bank 72,182 66,119
74,754 69,883
CREDITORS
Amounts falling due within one year 7 37,978 36,296
NET CURRENT ASSETS 36,776 33,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

512,531

509,475

PROVISIONS FOR LIABILITIES 67,756 67,776
NET ASSETS 444,775 441,699

CAPITAL AND RESERVES
Called up share capital 3 3
Undistributable reserves 9 286,738 286,738
Retained earnings 9 158,034 154,958
SHAREHOLDERS' FUNDS 444,775 441,699

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 A M PROPERTIES LIMITED (Registered number: 03314883)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





Miss A Sergiou - Director


D A M PROPERTIES LIMITED (Registered number: 03314883)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

D A M PROPERTIES LIMITED 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

D A M PROPERTIES LIMITED (Registered number: 03314883)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Investment properties
Investment properties are held for their investment potential and are shown at their open market value and are not depreciated.

Surplus or deficit arising from the annual revaluation is transferred to the revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 11,398
DEPRECIATION
At 1 March 2022 10,510
Charge for year 133
At 28 February 2023 10,643
NET BOOK VALUE
At 28 February 2023 755
At 28 February 2022 888

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 475,000
NET BOOK VALUE
At 28 February 2023 475,000
At 28 February 2022 475,000

D A M PROPERTIES LIMITED (Registered number: 03314883)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2020 323,880
Valuation in 2015 30,494
Cost 120,626
475,000

If Investment property had not been revalued it would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 120,626 120,626

Investment property was valued on an open market basis on 29 February 2020 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 2,572 1,998
Directors' current accounts - 1,766
2,572 3,764

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tax 643 32
Other creditors 25,655 24,655
Directors' current accounts 7,118 8,884
Accruals and deferred income 4,562 2,725
37,978 36,296

8. SECURED DEBTS

The bank loans and overdraft are secured by a charge against the investment properties.

D A M PROPERTIES LIMITED (Registered number: 03314883)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. RESERVES
Retained Undistributable
earnings reserves Totals
£    £    £   

At 1 March 2022 154,958 286,738 441,696
Profit for the year 22,876 22,876
Dividends (19,800 ) (19,800 )
At 28 February 2023 158,034 286,738 444,772

10. ULTIMATE CONTROLLING PARTY

During the current, and previous, year there was no ultimate controlling party.