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REGISTERED NUMBER: 02150259 (England and Wales)















Dalylane Limited

Unaudited Financial Statements

for the year ended

31 July 2023






Dalylane Limited (Registered number: 02150259)

Contents of the Financial Statements
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Dalylane Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: Mr P N Miller





REGISTERED OFFICE: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD





REGISTERED NUMBER: 02150259 (England and Wales)

Dalylane Limited (Registered number: 02150259)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 1,500 141,500

CURRENT ASSETS
Cash at bank 184,671 26,860

CREDITORS
Amounts falling due within one year 5 (17,554 ) (7,125 )
NET CURRENT ASSETS 167,117 19,735
TOTAL ASSETS LESS CURRENT LIABILITIES 168,617 161,235

PROVISIONS FOR LIABILITIES - (7,065 )
NET ASSETS 168,617 154,170

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 - 53,897
Retained earnings 168,517 100,173
SHAREHOLDERS' FUNDS 168,617 154,170

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.

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 18 April 2024 and were signed by:





Mr P N Miller - Director


Dalylane Limited (Registered number: 02150259)

Notes to the Financial Statements
for the year ended 31 July 2023


1. STATUTORY INFORMATION

Dalylane 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of section 1A "small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the income statement for the year.

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.

Financial instruments
Basic financial instruments are measured at amortised cost.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 141,500
Additions 3,275
Disposals (143,275 )
At 31 July 2023 1,500
NET BOOK VALUE
At 31 July 2023 1,500
At 31 July 2022 141,500

The original cost of the property was £79587. The director valued the property at his estimate of the market value as at 31 July 2022 and it was sold in the year with the freehold retained by the company at the directors valuation.

Dalylane Limited (Registered number: 02150259)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 11,693 -
Directors' current accounts 4,381 4,381
Accruals and deferred income 1,480 2,744
17,554 7,125

6. RESERVES
Fair
value
reserve
£   
At 1 August 2022 53,897
Realised in year (61,913 )
Deferred tax movement 8,016

At 31 July 2023 -