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REGISTERED NUMBER: 04826872 (England and Wales)













DBP (CARDIFF) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






DBP (CARDIFF) LIMITED (REGISTERED NUMBER: 04826872)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DBP (CARDIFF) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr D G Bird





REGISTERED OFFICE: 55 Dan Y Bryn Avenue
Radyr
Cardiff
Cardiff
CF15 8DQ





REGISTERED NUMBER: 04826872 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

DBP (CARDIFF) LIMITED (REGISTERED NUMBER: 04826872)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment property 4 425,000 425,000

CURRENT ASSETS
Cash at bank 62,902 48,719

CREDITORS
Amounts falling due within one year 5 345,894 341,439
NET CURRENT LIABILITIES (282,992 ) (292,720 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,008

132,280

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 9,735 9,735
Retained earnings 132,173 122,445
SHAREHOLDERS' FUNDS 142,008 132,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

DBP (CARDIFF) LIMITED (REGISTERED NUMBER: 04826872)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2024 and were signed by:





Mr D G Bird - Director


DBP (CARDIFF) LIMITED (REGISTERED NUMBER: 04826872)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

DBP (Cardiff) 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
- The valuation of the company's freehold investment properties.

Turnover
Turnover comprises rent receivable.

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 Statement of Income and Retained Earnings, 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.

DBP (CARDIFF) LIMITED (REGISTERED NUMBER: 04826872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

Repairs and maintenance
In the absence of a specific intention by the board of either a disposition or substantial reconstruction of letting units in investment properties, all expenditure incurred on general repair, maintenance and upgrade is written off as incurred. It is the opinion of the board that the nature of the company's property ownership is such that any appreciation in value is due to the passage of time rather than intent to improve as policy and is as such reflected through the revaluation reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 August 2022
and 31 July 2023 425,000
NET BOOK VALUE
At 31 July 2023 425,000
At 31 July 2022 425,000

Fair value at 31 July 2023 is represented by:
£
Valuation in 2020 9,735
Cost 415,265
425,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£ £
Cost 415,265 415,265

Investment properties were valued on an open market basis basis on 31 July 2020 by the director. .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 2,517 374
Other creditors 343,377 341,065
345,894 341,439

DBP (CARDIFF) LIMITED (REGISTERED NUMBER: 04826872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. RESERVES
Revaluation
reserve
£
At 1 August 2022
and 31 July 2023 9,735

7. RELATED PARTY DISCLOSURES

Included in other creditors is £341,297 (2022 £339,985) due to the director which is interest free, unsecured and with no specific terms for repayment.