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REGISTERED NUMBER: 10526925 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DAPP SERVICES LIMITED

DAPP SERVICES LIMITED (REGISTERED NUMBER: 10526925)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAPP SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr P Bhudia





REGISTERED OFFICE: 87 Slough Lane
Kingsbury
London
NW9 8YB





REGISTERED NUMBER: 10526925 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

DAPP SERVICES LIMITED (REGISTERED NUMBER: 10526925)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,300 5,375
Tangible assets 5 1,112 1,483
Investment property 6 550,000 473,367
555,412 480,225

CURRENT ASSETS
Debtors 7 23,040 22,737
Cash at bank 352,465 230,697
375,505 253,434
CREDITORS
Amounts falling due within one year 8 56,064 54,341
NET CURRENT ASSETS 319,441 199,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

874,853

679,318

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation 9 76,633 -
Retained earnings 798,120 679,218
SHAREHOLDERS' FUNDS 874,853 679,318

DAPP SERVICES LIMITED (REGISTERED NUMBER: 10526925)

BALANCE SHEET - continued
31 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 October 2023 and were signed by:





Mr P Bhudia - Director


DAPP SERVICES LIMITED (REGISTERED NUMBER: 10526925)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Dapp Services 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment & Furniture - 25% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

DAPP SERVICES LIMITED (REGISTERED NUMBER: 10526925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,750
AMORTISATION
At 1 April 2022 5,375
Charge for year 1,075
At 31 March 2023 6,450
NET BOOK VALUE
At 31 March 2023 4,300
At 31 March 2022 5,375

5. TANGIBLE FIXED ASSETS
Office
Equipment
& Furniture
£   
COST
At 1 April 2022
and 31 March 2023 4,510
DEPRECIATION
At 1 April 2022 3,027
Charge for year 371
At 31 March 2023 3,398
NET BOOK VALUE
At 31 March 2023 1,112
At 31 March 2022 1,483

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 473,367
Revaluations 76,633
At 31 March 2023 550,000
NET BOOK VALUE
At 31 March 2023 550,000
At 31 March 2022 473,367

DAPP SERVICES LIMITED (REGISTERED NUMBER: 10526925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 76,633
Cost 473,367
550,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,040 22,737

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 44,812 45,774
Other creditors 11,252 8,567
56,064 54,341

9. RESERVES
Revaluation
£   
Revaluation 76,633

At 31 March 2023 76,633