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REGISTERED NUMBER: 09510652 (England and Wales)












Didsprop Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023






Didsprop Limited (Registered number: 09510652)






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


Didsprop Limited

Company Information
for the Year Ended 30 June 2023







Directors: Mr E S C Blood
Mr S D Merry





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 09510652 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Didsprop Limited (Registered number: 09510652)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
Fixed assets
Investment property 4 1,023,733 1,023,733

Current assets
Debtors 5 14,942 23,871
Cash at bank and in hand 14,263 59
29,205 23,930
Creditors
Amounts falling due within one year 6 1,045,526 1,053,740
Net current liabilities (1,016,321 ) (1,029,810 )
Total assets less current liabilities 7,412 (6,077 )

Capital and reserves
Called up share capital 10 10
Retained earnings 7,402 (6,087 )
7,412 (6,077 )

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 directors acknowledge their 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.

Didsprop Limited (Registered number: 09510652)

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 Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





Mr S D Merry - Director


Didsprop Limited (Registered number: 09510652)

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

1. Statutory information

Didsprop 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

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 - 2 ) .

Didsprop Limited (Registered number: 09510652)

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

4. Investment property
Total
£   
Fair value
At 1 July 2022
and 30 June 2023 1,023,733
Net book value
At 30 June 2023 1,023,733
At 30 June 2022 1,023,733

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 1,023,733

If investment property had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 1,023,733 1,023,733

Investment property was valued on an open market basis on 30 June 2023 by the directors .

5. Debtors: amounts falling due within one year
30.6.23 30.6.22
£    £   
Trade debtors - 19,355
Amounts owed by participating interests 5,243 2,966
Amounts owed by associates 4,516 -
Other debtors 5,183 1,550
14,942 23,871

6. Creditors: amounts falling due within one year
30.6.23 30.6.22
£    £   
Amounts owed to participating interests 65,344 72,202
Amounts owed to associates - 2,984
Taxation and social security 2,915 463
Other creditors 977,267 978,091
1,045,526 1,053,740