2022-06-01 05124910 2023-05-31 05124910 2022-06-01 2023-05-31 05124910 2022-05-31 05124910 2021-06-01 2022-05-31 05124910 uk-core:WithinOneYear uk-bus:Original 2022-05-31 05124910 uk-core:WithinOneYear uk-bus:Original 2023-05-31 05124910 uk-core:AfterOneYear uk-bus:Original 2022-05-31 05124910 uk-core:AfterOneYear uk-bus:Original 2023-05-31 05124910 uk-core:ShareCapital uk-bus:Original 2023-05-31 05124910 uk-core:ShareCapital uk-bus:Original 2022-05-31 05124910 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-05-31 05124910 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-05-31 05124910 uk-bus:Director1 uk-bus:Original 2022-06-01 2023-05-31 05124910 uk-core:FurnitureFittings uk-bus:Original 2022-06-01 2023-05-31 05124910 uk-core:OtherResidualIntangibleAssets uk-bus:Original 2022-05-31 05124910 uk-core:OtherResidualIntangibleAssets uk-bus:Original 2023-05-31 05124910 uk-core:FurnitureFittings uk-bus:Original 2022-05-31 05124910 uk-core:Buildings uk-bus:Original 2022-05-31 05124910 uk-core:Buildings uk-bus:Original 2023-05-31 05124910 uk-core:FurnitureFittings uk-bus:Original 2023-05-31 05124910 uk-core:Buildings uk-bus:Original 2022-06-01 2023-05-31 05124910 uk-core:CostValuation uk-bus:Original 2022-05-31 05124910 uk-core:CostValuation uk-bus:Original uk-core:Non-currentFinancialInstruments 2022-05-31 05124910 uk-core:DisposalsRepaymentsInvestments uk-bus:Original 2023-05-31 05124910 uk-core:DisposalsRepaymentsInvestments uk-bus:Original uk-core:Non-currentFinancialInstruments 2023-05-31 05124910 uk-core:CostValuation uk-bus:Original uk-core:Non-currentFinancialInstruments 2023-05-31 05124910 uk-core:CostValuation uk-bus:Original 2023-05-31 05124910 uk-core:Non-currentFinancialInstruments uk-bus:Original 2023-05-31 05124910 uk-core:Non-currentFinancialInstruments uk-bus:Original 2022-05-31 iso4217:GBP xbrli:pure 05124910 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-06-01 2023-05-31 05124910 uk-bus:FRS102 uk-bus:Original 2022-06-01 2023-05-31 05124910 uk-bus:FilletedAccounts uk-bus:Original 2022-06-01 2023-05-31 05124910 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-06-01 2023-05-31
DK&L Properties
Registered Number:05124910
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
DK&L Properties
Contents Page
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Statement of Financial Position
3 to 5
Notes to the Financial Statements
3
Registered Number :
05124910
As at 31 May 2023
DK&L Properties
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
105
105
2
Property, plant and equipment
697,873
697,876
3
Financial assets
135,200
123,200
4
821,178
833,181
Current assets
Trade and other receivables
806
806
5
3,289
Cash and cash equivalents
5,085
5,891
4,095
Trade and other payables: amounts falling due
within one year
(12,324)
(4,759)
6
(8,229)
1,132
Net current assets
Total assets less current liabilities
822,310
824,952
Trade and other payables: amounts falling due after
more than one year
(757,069)
(744,628)
7
(6,261)
(6,261)
Provisions for liabilities
71,421
Net assets
61,622
Capital and reserves
Called up share capital
100
100
Retained earnings
71,321
61,522
71,421
61,622
Shareholders' funds
For the year ended 31 May 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
05124910
For the year ended 31 May 2023
DK&L Properties
Statement of Financial Position Continued
Dr D K Patel Director
These financial statements were approved and authorised for issue by the Board on 12 February 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 May 2023
DK&L Properties
Notes to the Financial Statements
Statutory Information
DK&L Properties is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05124910.
Registered address:
433 Chester Road
Old Trafford
Manchester
M16 9HA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors
the expected useful lives are sufficiently long and the estimated residual values are sufficiently high
that any such depreciation would be immaterial. The directors undertake an annual impairment
review of these properties.
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6
For the year ended 31 May 2023
DK&L Properties
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other
Intangible
Assets
Cost or valuation
£
At 01 June 2022
105
At 31 May 2023
105
Net book value
At 31 May 2023
105
At 31 May 2022
105
3. Property, plant and equipment
Total
Fixtures and
fittings
Land and
buildings
£
£
£
Cost or
valuation
At 01 June 2022
698,057
192
697,865
At 31 May 2023
697,865
192
698,057
Provision for depreciation and impairmen
t
At 01 June 2022
181
181
-
Charge for year
3
3
-
At 31 May 2023
184
184
-
At 31 May 2023
Net book value
697,865
8
697,873
At 31 May 2022
697,865
11
697,876
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7
For the year ended 31 May 2023
DK&L Properties
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Loans to Group and participating interests
Total
At 01 June 2022
135,200
135,200
Cost
£
£
Disposals/Repayments
(12,000)
(12,000)
At 31 May 2023
123,200
123,200
At 31 May 2023
Net book value
123,200
123,200
At 01 June 2022
135,200
135,200
5. Trade and other receivables
2022
2023
£
£
Other debtors
806
806
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
2,299
3,049
Other creditors
2,460
9,275
4,759
12,324
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
332,404
332,404
Other creditors
412,224
424,665
744,628
757,069
8. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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