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REGISTERED NUMBER: 10257744 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Di Bosco (Properties) Limited

Di Bosco (Properties) Limited (Registered number: 10257744)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Di Bosco (Properties) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr P P Hunter





REGISTERED OFFICE: The Old Bakery
158 Bridge Road
Horbury
Wakefield
West Yorkshire
WF4 5NR





REGISTERED NUMBER: 10257744 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Di Bosco (Properties) Limited (Registered number: 10257744)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,729 4,067
Investment property 5 350,000 350,000
351,729 354,067

CURRENT ASSETS
Debtors 6 5,285 35,142
Cash at bank 2,418 244
7,703 35,386
CREDITORS
Amounts falling due within one year 7 348,862 352,554
NET CURRENT LIABILITIES (341,159 ) (317,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,570

36,899

CREDITORS
Amounts falling due after more than one
year

8

(108,760

)

(122,757

)

PROVISIONS FOR LIABILITIES (329 ) (773 )
NET LIABILITIES (98,519 ) (86,631 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 (98,619 ) (86,731 )
SHAREHOLDERS' FUNDS (98,519 ) (86,631 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Di Bosco (Properties) Limited (Registered number: 10257744)

Balance Sheet - continued
30 June 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 director and authorised for issue on 31 January 2024 and were signed by:





Mr P P Hunter - Director


Di Bosco (Properties) Limited (Registered number: 10257744)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Di Bosco (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.

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 - 20% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

Going concern
At the year end date, the company had a deficiency of net assets of £86,631 (2021: £99,151) and is reliant on the continuing support of the director and loan creditors. The company's principal source of income is rents from the tenant at the company's investment property. The tenant is a company under common control and the rents are considered recoverable. On this basis, the director is of the opinion that the company continues to be a going concern and has therefore adopted that basis in the preparation of the financial statements.

3. EMPLOYEES AND DIRECTORS

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

Di Bosco (Properties) Limited (Registered number: 10257744)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 July 2022
and 30 June 2023 11,741 6,737 1,870 20,348
DEPRECIATION
At 1 July 2022 9,980 4,431 1,870 16,281
Charge for year 1,761 577 - 2,338
At 30 June 2023 11,741 5,008 1,870 18,619
NET BOOK VALUE
At 30 June 2023 - 1,729 - 1,729
At 30 June 2022 1,761 2,306 - 4,067

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2022
and 30 June 2023 350,000
NET BOOK VALUE
At 30 June 2023 350,000
At 30 June 2022 350,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Trade debtors - 18,000
Amounts owed by associates 685 10,564
VAT 4,600 -
Prepayments - 6,578
5,285 35,142

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£ £
Bank loans and overdrafts (see note 9) 11,692 8,957
Other loans (see note 9) 60,000 60,000
Trade creditors 9,181 12,045
Amounts owed to associates 25,000 25,000
VAT - 803
Directors' loan accounts 238,699 238,699
Accruals and deferred income 4,290 7,050
348,862 352,554

Di Bosco (Properties) Limited (Registered number: 10257744)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£ £
Bank loans (see note 9) 108,760 122,757

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - Over 5 years 67,975 81,838

9. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£ £
Amounts falling due within one year or on demand:
Bank loans 11,692 8,957
Other loans 60,000 60,000
71,692 68,957

Amounts falling due between two and five years:
Bank loans - 2-5 years 40,785 40,919

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - Over 5 years 67,975 81,838

10. RESERVES
Retained
earnings
£

At 1 July 2022 (86,731 )
Deficit for the year (11,888 )
At 30 June 2023 (98,619 )

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors, amounts falling due within one year, is a loan from the director of £238,699 (2022 - £238,699). The loan is interest free with no fixed date for repayment.