Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01falseproperty consultants98truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06629038 2022-07-01 2023-06-30 06629038 2021-07-01 2022-06-30 06629038 2023-06-30 06629038 2022-06-30 06629038 c:Director1 2022-07-01 2023-06-30 06629038 d:FurnitureFittings 2022-07-01 2023-06-30 06629038 d:FurnitureFittings 2023-06-30 06629038 d:FurnitureFittings 2022-06-30 06629038 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06629038 d:CurrentFinancialInstruments 2023-06-30 06629038 d:CurrentFinancialInstruments 2022-06-30 06629038 d:Non-currentFinancialInstruments 2023-06-30 06629038 d:Non-currentFinancialInstruments 2022-06-30 06629038 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06629038 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 06629038 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 06629038 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 06629038 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 06629038 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 06629038 d:ShareCapital 2023-06-30 06629038 d:ShareCapital 2022-06-30 06629038 d:RetainedEarningsAccumulatedLosses 2023-06-30 06629038 d:RetainedEarningsAccumulatedLosses 2022-06-30 06629038 c:OrdinaryShareClass1 2022-07-01 2023-06-30 06629038 c:OrdinaryShareClass1 2023-06-30 06629038 c:OrdinaryShareClass1 2022-06-30 06629038 c:FRS102 2022-07-01 2023-06-30 06629038 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 06629038 c:FullAccounts 2022-07-01 2023-06-30 06629038 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 06629038 d:WithinOneYear 2023-06-30 06629038 d:WithinOneYear 2022-06-30 06629038 d:BetweenOneFiveYears 2023-06-30 06629038 d:BetweenOneFiveYears 2022-06-30 06629038 2 2022-07-01 2023-06-30 06629038 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06629038














DI PROPERTIES DEVELOPMENT AND INVESTMENT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 JUNE 2023

 
DI PROPERTIES DEVELOPMENT AND INVESTMENT LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
DI PROPERTIES DEVELOPMENT AND INVESTMENT LIMITED
REGISTERED NUMBER:06629038

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,133
6,798

Current assets
  

Debtors: amounts falling due within one year
 5 
222,353
33,012

Cash at bank and in hand
  
1,954,153
1,656,546

  
2,176,506
1,689,558

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(466,866)
(406,431)

Net current assets
  
 
 
1,709,640
 
 
1,283,127

Total assets less current liabilities
  
1,715,773
1,289,925

Creditors: amounts falling due after more than one year
 7 
-
(117,568)

Net assets
  
1,715,773
1,172,357


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
1,714,773
1,171,357

  
1,715,773
1,172,357


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
DI PROPERTIES DEVELOPMENT AND INVESTMENT LIMITED
REGISTERED NUMBER:06629038
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


D Ishack
Director

Date: 31 January 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DI PROPERTIES DEVELOPMENT AND INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

DI Properties Development and Investment Limited is a private limited liability company registered in England and Wales with its registered office at 2nd Floor, Connaught House, 1-3 Mount Street (Entrance via Davies Street), London, W1K 3NB.
The principal activity of the company was that of property consultants.
The financial statements are presented in pound sterling which is the functional currency of the company.


2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue is recognised on the date of completion.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25% straight line

 
2.4

Debtors

Short-term debtors are measured at the transaction price, less any impairment

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
DI PROPERTIES DEVELOPMENT AND INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans to and from related parties.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.8

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.10

Pensions

Defined contribution pension plan
The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
DI PROPERTIES DEVELOPMENT AND INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 8).


4.


Tangible fixed assets





Fixtures & fittings

£



Cost


At 1 July 2022
70,339


Additions
3,168



At 30 June 2023

73,507



Depreciation


At 1 July 2022
63,541


Charge for the year on owned assets
3,833



At 30 June 2023

67,374



Net book value



At 30 June 2023
6,133



At 30 June 2022
6,798

Page 5

 
DI PROPERTIES DEVELOPMENT AND INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Other debtors
198,917
15,375

Prepayments and accrued income
23,436
17,637

222,353
33,012



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loan
-
50,000

Trade creditors
20,194
20,104

Taxation and social security
223,178
152,470

Other creditors
206,151
154,200

Accruals and deferred income
17,343
29,657

466,866
406,431


The bank loan is secured by way of a fixed and floating charges over the assets of the company.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
-
117,568


The bank loan was secured by way of a fixed and floating charges over the assets of the company.

Page 6

 
DI PROPERTIES DEVELOPMENT AND INVESTMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
50,000

Amounts falling due 2-5 years

Bank loans
-
117,569

-
167,569



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1 each
1,000
1,000



10.


Commitments under operating leases

At 30 June 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
80,000
73,750

Later than 1 year and not later than 5 years
100,000
180,000

180,000
253,750

 
Page 7