Dark Associates Limited
Registered number: 10190160
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,045,043 1,045,043
Current assets
Debtors 4 3,728 -
Cash at bank and in hand 5,842 6,364
9,570 6,364
Creditors: amounts falling due within one year 5 (354,896) (353,001)
Net current liabilities (345,326) (346,637)
Total assets less current liabilities 699,717 698,406
Creditors: amounts falling due after more than one year 6 (741,384) (741,384)
Net liabilities (41,667) (42,978)
Capital and reserves
Called up share capital 100 100
Profit and loss account (41,767) (43,078)
Shareholder's funds (41,667) (42,978)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Halai
Director
Approved by the board on 5 February 2024
Dark Associates Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the rents received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rents and from the rendering of services.
Investment Properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. The properties were purchased during this financial period and therefore the costs reflect their fair values at the balance sheet date.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2022 1,045,043
At 31 May 2023 1,045,043
Depreciation
At 31 May 2023 -
Net book value
At 31 May 2023 1,045,043
At 31 May 2022 1,045,043
4 Debtors 2023 2022
£ £
Other debtors 3,728 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 626 600
Other creditors 354,270 352,401
354,896 353,001
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 741,384 741,384
7 Other information
Dark Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 Phillimore Gardens
London
NW10 3LL
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