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Company No: 08790570 (England and Wales)

D AND P PARTNERS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

D AND P PARTNERS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

D AND P PARTNERS LIMITED

BALANCE SHEET

As at 30 November 2023
D AND P PARTNERS LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 9,654 10,371
Investment property 4 2,894,615 2,894,615
Investments 5 25 0
2,904,294 2,904,986
Current assets
Debtors 6 151,394 3,332
Cash at bank and in hand 3,966 11,610
155,360 14,942
Creditors: amounts falling due within one year 7 ( 139,929) ( 150,067)
Net current assets/(liabilities) 15,431 (135,125)
Total assets less current liabilities 2,919,725 2,769,861
Creditors: amounts falling due after more than one year 8 ( 2,051,297) ( 1,989,735)
Net assets 868,428 780,126
Capital and reserves
Called-up share capital 2 2
Profit and loss account 868,426 780,124
Total shareholders' funds 868,428 780,126

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of D and P Partners Limited (registered number: 08790570) were approved and authorised for issue by the Board of Directors on 01 April 2024. They were signed on its behalf by:

P Godwin
Director
D AND P PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
D AND P PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D and P Partners Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

The turnover shown in the profit and loss account represents the value of all property rental income receivable during
the year and all income relating to the provision of consultancy services.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings 6 - 7 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Computer equipment Total
£ £ £
Cost
At 01 December 2022 13,770 0 13,770
Additions 0 1,591 1,591
At 30 November 2023 13,770 1,591 15,361
Accumulated depreciation
At 01 December 2022 3,399 0 3,399
Charge for the financial year 2,066 242 2,308
At 30 November 2023 5,465 242 5,707
Net book value
At 30 November 2023 8,305 1,349 9,654
At 30 November 2022 10,371 0 10,371

4. Investment property

Investment property
£
Valuation
As at 01 December 2022 2,894,615
As at 30 November 2023 2,894,615

There has been no valuation of investment property by an independent valuer.
This relates to a peer to peer investment.

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 December 2022 0 0
Additions 25 25
At 30 November 2023 25 25
Carrying value at 30 November 2023 25 25
Carrying value at 30 November 2022 0 0

6. Debtors

2023 2022
£ £
Trade debtors 255 1,450
Amounts owed by related parties 150,000 0
Other debtors 1,139 1,882
151,394 3,332

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank overdrafts 4,588 0
Trade creditors 3,607 425
Corporation tax 26,020 41,909
Other creditors 105,714 107,733
139,929 150,067

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 2,051,297 1,989,735

There are no amounts included above in respect of which any security has been given by the small entity.

9. Related party transactions

Other related party transactions

2023 2022
£ £
Loan to Vaatje Ltd 150,000 0

No interest has been charged on loan given to Vaatje Ltd.