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REGISTERED NUMBER: 14053597 (England and Wales)













Unaudited Financial Statements

for the Period 19 April 2022 to 30 April 2023

for

Diamond Property & Investments Ltd

Diamond Property & Investments Ltd (Registered number: 14053597)






Contents of the Financial Statements
for the Period 19 April 2022 to 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Diamond Property & Investments Ltd

Company Information
for the Period 19 April 2022 to 30 April 2023







DIRECTOR: T Clough





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 14053597 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Diamond Property & Investments Ltd (Registered number: 14053597)

Balance Sheet
30 April 2023

Notes £    £   
FIXED ASSETS
Investments 4 60
Investment property 5 379,403
379,463

CURRENT ASSETS
Debtors 6 30,603
Cash at bank 3,047
33,650
CREDITORS
Amounts falling due within one year 7 190,552
NET CURRENT LIABILITIES (156,902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,561

CREDITORS
Amounts falling due after more than one
year

8

245,590
NET LIABILITIES (23,029 )

CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings (23,129 )
SHAREHOLDERS' FUNDS (23,029 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Diamond Property & Investments Ltd (Registered number: 14053597)

Balance Sheet - continued
30 April 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 15 January 2024 and were signed by:





T Clough - Director


Diamond Property & Investments Ltd (Registered number: 14053597)

Notes to the Financial Statements
for the Period 19 April 2022 to 30 April 2023

1. STATUTORY INFORMATION

Diamond Property & Investments 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 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition
Rental income is recognised in accordance with the contractual terms of the lease.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the period 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 period 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.

Diamond Property & Investments Ltd (Registered number: 14053597)

Notes to the Financial Statements - continued
for the Period 19 April 2022 to 30 April 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors assess whether the use of going concern is appropriate i.e. if there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of a least one year from the date the financial statements are approved.

The company has net liabilities at 30 April 2023. Due to the continuing support of the director it is considered to be a going concern.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. If the company is unable to continue to trade, adjustments would be required to reduce the value of the assets to their recoverable amounts, to provide for any further liabilities that might arise and to analyse long term liabilities as current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 60
At 30 April 2023 60
NET BOOK VALUE
At 30 April 2023 60

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 379,403
At 30 April 2023 379,403
NET BOOK VALUE
At 30 April 2023 379,403

Investment property was valued on an open market basis by the director on 30 April 2023. The director considers that open market value has not changed significantly.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 30,603

Diamond Property & Investments Ltd (Registered number: 14053597)

Notes to the Financial Statements - continued
for the Period 19 April 2022 to 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 369
Trade creditors 7,306
Directors' current accounts 180,877
Accruals and deferred income 2,000
190,552

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other loans - 1-2 years 409
Other loans - 2-5 years 1,517
Other loans more 5yrs instal 39,920
Other loans more 5yrs non-inst 203,744
245,590

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 203,744

Repayable by instalments
Other loans more 5yrs instal 39,920

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Mortgage loans 245,959

Mortgage loans are secured by the way of a fixed charge over the property they relate to.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

11. RELATED PARTY DISCLOSURES

2023
£   
Amounts owed to director 180,877

No interest has been charged.