IRIS Accounts Production v23.2.0.158 09646203 director 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096462032022-06-30096462032023-06-30096462032022-07-012023-06-30096462032021-06-30096462032021-07-012022-06-30096462032022-06-3009646203ns10:Originalns15:EnglandWales2022-07-012023-06-3009646203ns14:PoundSterlingns10:Original2022-07-012023-06-3009646203ns10:Originalns10:Director12022-07-012023-06-3009646203ns10:Original2022-07-012023-06-3009646203ns10:Original2023-06-3009646203ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3009646203ns10:Originalns10:SmallEntities2022-07-012023-06-3009646203ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3009646203ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3009646203ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3009646203ns10:Originalns10:FullAccounts2022-07-012023-06-3009646203ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3009646203ns10:Originalns10:RegisteredOffice2022-07-012023-06-3009646203ns10:Original2022-06-3009646203ns10:Originalns5:CurrentFinancialInstruments2022-06-3009646203ns10:Originalns5:CurrentFinancialInstruments2023-06-3009646203ns10:Originalns5:Non-currentFinancialInstruments2022-06-3009646203ns10:Originalns5:Non-currentFinancialInstruments2023-06-3009646203ns5:ShareCapitalns10:Original2022-06-3009646203ns5:ShareCapitalns10:Original2023-06-3009646203ns10:Originalns5:RevaluationReserve2022-06-3009646203ns10:Originalns5:RevaluationReserve2023-06-3009646203ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3009646203ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3009646203ns10:Original2021-07-012022-06-3009646203ns10:Original2022-06-3009646203ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3009646203ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3009646203ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3009646203ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-06-3009646203ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3009646203ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3009646203ns10:Originalns5:DeferredTaxation2022-06-3009646203ns10:Originalns5:DeferredTaxation2023-06-3009646203ns10:Originalns10:OrdinaryShareClass12023-06-3009646203ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3009646203ns10:Originalns5:RevaluationReserve2022-06-3009646203ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-30
REGISTERED NUMBER: 09646203 (England and Wales)






Unaudited Financial Statements

for the Year Ended 30th June 2023

for

DAD HOMES LTD

DAD HOMES LTD (REGISTERED NUMBER: 09646203)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAD HOMES LTD

Company Information
for the Year Ended 30th June 2023







Director: A Dad





Registered office: 156 West Wycombe Road
High Wycombe
Buckinghamshire
HP12 3AE





Registered number: 09646203 (England and Wales)





Accountants: S G Beale and Co
Chartered Accountants
1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU

DAD HOMES LTD (REGISTERED NUMBER: 09646203)

Balance Sheet
30th June 2023

2022 2023
£    £    Notes £    £   
FIXED ASSETS
1,224,865 Investment property 4 1,224,865

CURRENT ASSETS
46,966 Debtors 5 45,332
22,618 Cash at bank 28,118
69,584 73,450
CREDITORS
306,314 Amounts falling due within one year 6 93,670
(236,730 ) NET CURRENT LIABILITIES (20,220 )

988,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,204,645

CREDITORS

(700,220

)
Amounts falling due after more than one
year

7

(964,035

)

(54,566 ) PROVISIONS FOR LIABILITIES 9 (71,797 )
233,349 NET ASSETS 168,813

CAPITAL AND RESERVES
1 Called up share capital 10 1
232,624 Revaluation reserve 11 215,393
724 Retained earnings 11 (46,581 )
233,349 SHAREHOLDERS' FUNDS 168,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

DAD HOMES LTD (REGISTERED NUMBER: 09646203)

Balance Sheet - continued
30th 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 director and authorised for issue on 25th March 2024 and were signed by:





A Dad - Director


DAD HOMES LTD (REGISTERED NUMBER: 09646203)

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

1. STATUTORY INFORMATION

Dad Homes Ltd 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 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st July 2022
and 30th June 2023 1,224,865
Net book value
At 30th June 2023 1,224,865
At 30th June 2022 1,224,865

DAD HOMES LTD (REGISTERED NUMBER: 09646203)

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

4. INVESTMENT PROPERTY - continued

Fair value at 30th June 2023 is represented by:
£   
Valuation in 2023 1,224,865

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 44,232 43,120
Amounts owed by associates 1,100 -
Prepayments and accrued income - 3,846
45,332 46,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 6,000 3,750
Other loans (see note 8) - 142,500
Amounts owed to group undertakings - 46,888
Corporation tax (2 ) (2 )
Directors' current accounts 71,761 81,893
Sundry creditors and accruals 15,911 31,285
93,670 306,314

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 40,500 45,050
Other loans (see note 8) 923,535 655,170
964,035 700,220

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 923,535 655,170

Repayable by instalments
Bank loans more 5 yr by instal 16,500 5,050

DAD HOMES LTD (REGISTERED NUMBER: 09646203)

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

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,000 3,750
Other loans - 142,500
6,000 146,250

Amounts falling due between two and five years:
Bank loans - 2-5 years 24,000 40,000

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 923,535 655,170

Repayable by instalments
Bank loans more 5 yr by instal 16,500 5,050

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 71,797 54,566

Deferred
tax
£   
Balance at 1st July 2022 54,566
Revaluation surplus adjustment 17,231
Balance at 30th June 2023 71,797

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

DAD HOMES LTD (REGISTERED NUMBER: 09646203)

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

11. RESERVES
Retained Revaluation
Totals earnings reserve
£    £    £   

At 1st July 2022 233,348 724 232,624
Deficit for the year (64,536 ) (64,536 )
Investment property
revaluation surplus - 17,231 (17,231 )
At 30th June 2023 168,812 (46,581 ) 215,393