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Company Registration No. 11629579 (England and Wales)
D A M Real Estate Limited Unaudited accounts for the year ended 31 October 2022
D A M Real Estate Limited Unaudited accounts Contents
Page
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D A M Real Estate Limited Company Information for the year ended 31 October 2022
Directors
Atul Ratilal Manek Dipak Ratilal Jevant
Secretary
Atul Ratilal Manek
Company Number
11629579 (England and Wales)
Registered Office
68 Hallington Court 6 Brannigan Way Edgware Middlesex HA8 8GE England
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D A M Real Estate Limited Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Inventories
139,236 
139,236 
Debtors
53,890 
54,567 
Investments
500,000 
500,000 
693,126 
693,803 
Creditors: amounts falling due within one year
(763,391)
(757,661)
Net current liabilities
(70,265)
(63,858)
Net liabilities
(70,265)
(63,858)
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
(80,265)
(73,858)
Shareholders' funds
(70,265)
(63,858)
For the year ending 31 October 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by
Atul Ratilal Manek Director Company Registration No. 11629579
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D A M Real Estate Limited Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
D A M Real Estate Limited is a private company, limited by shares, registered in England and Wales, registration number 11629579. The registered office is 68 Hallington Court, 6 Brannigan Way, Edgware, Middlesex, HA8 8GE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The financial statements are presented in Pound Sterling (£).
Going concern
Any consideration of the foreseeable future involves making a judgment, at a particular point in time, about future events that are inherently uncertain. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Revenue is recognised when the significant risks and rewards of ownership have been transferred to the purchaser which will normally occur at legal completion. Revenue is recognised at the fair value of the consideration received or receivable on legal completion
Inventories
Land and buildings acquired or under development for sale in the ordinary course of business, rather than to be held for rental or capital appreciation, is held as stock and is measured at the lower of cost and net realisable value. Cost comprises of the invoiced value of the land purchased and includes attributable direct costs, labour and other related overheads. Net realisable value is the estimated selling price in the ordinary course of the business, based on the market value at the reporting date less estimated costs of completion and the estimated costs necessary to make the sale. Any excess of the carrying amount of stocks over its net realisable value is recognised as an impairment loss in the profit and loss account.
Investments
Investments in shares are included at fair value.
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D A M Real Estate Limited Notes to the Accounts for the year ended 31 October 2022
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
677 
Other debtors
53,890 
53,890 
53,890 
54,567 
5
Investments held as current assets
2022 
2021 
£ 
£ 
Unlisted investments
500,000 
500,000 
An investment of £500,000 has been made in SSRE 1 Limited,a Guernsey registered company. The company is developing the property at Stewart House, Kenton Road, Harrow, Middlesex HA3 9DZ. During the year no dividends were received (2021 : £Nil) in respect of this investment.
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
350 
- 
Loans from directors
753,061 
749,511 
Accruals
9,980 
8,150 
763,391 
757,661 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000 
10,000 
8
Transactions with related parties
During the year the company did not operate a bank account and all transactions were financed by the directors.
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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