2022-04-012023-03-312023-03-31false08387552DELTA PROPERTY SOLUTIONS 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DELTA PROPERTY SOLUTIONS LIMITED

Registered Number
08387552
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

DELTA PROPERTY SOLUTIONS LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

KROKATSIS, Androulla
KROKATSIS, Louis
KROKATSIS, Matthew

Registered Address

114 Cuffley Hill
Goffs Oak
Waltham Cross
EN7 5EY

Registered Number

08387552 (England and Wales)
DELTA PROPERTY SOLUTIONS LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors105,87353,635
Cash at bank and on hand67,74849,938
173,621103,573
Creditors amounts falling due within one year9(58,941)(14,905)
Net current assets (liabilities)114,68088,668
Total assets less current liabilities114,68088,668
Net assets114,68088,668
Capital and reserves
Called up share capital100100
Profit and loss account114,58088,568
Shareholders' funds114,68088,668
The financial statements were approved and authorised for issue by the Board of Directors on 11 January 2024, and are signed on its behalf by:
KROKATSIS, Androulla
Director
Registered Company No. 08387552
DELTA PROPERTY SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of letting and property management.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Revenue from rent received is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business. Revenue generated from property rental services is recognised based on short lease agreement with tenants less commissions and fees.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
6.Employee information

20232022
Average number of employees during the year33
7.Description of nature of transactions and balances with related parties
At the balance sheet date the company owed £51,580 (2022 : £8,430) to the director which is an interest free loan with no fixed date for repayment.
8.Debtors within one year

2023

2022

££
Trade debtors / trade receivables105,87353,635
Total105,87353,635
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Taxation and social security6,1014,900
Other creditors51,5808,430
Accrued liabilities and deferred income1,2601,575
Total58,94114,905
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.