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REGISTERED NUMBER: 14063669 (England and Wales)











DK Commercial Properties 2 Ltd

Unaudited Financial Statements

for the Period 22 April 2022 to 31 May 2023






DK Commercial Properties 2 Ltd (Registered number: 14063669)






Contents of the Financial Statements
for the Period 22 April 2022 to 31 May 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


DK Commercial Properties 2 Ltd

Company Information
for the Period 22 April 2022 to 31 May 2023







Director: V Sharma





Registered office: Unit 3B Wentworth House
Maple Court
Barnsley
South Yorkshire
S75 3DP





Registered number: 14063669 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

DK Commercial Properties 2 Ltd (Registered number: 14063669)

Balance Sheet
31 May 2023

Notes £   
Fixed assets
Investment property 4 2,850,000

Current assets
Debtors 5 317,878
Cash at bank 191,149
509,027
Creditors
Amounts falling due within one year 6 (78,224 )
Net current assets 430,803
Total assets less current liabilities 3,280,803

Creditors
Amounts falling due after more than one
year

7

(1,735,500

)

Provisions for liabilities 9 (306,845 )
Net assets 1,238,458

Capital and reserves
Called up share capital 10 1
Fair value reserve 11 1,308,130
Retained earnings (69,673 )
Shareholders' funds 1,238,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

DK Commercial Properties 2 Ltd (Registered number: 14063669)

Balance Sheet - continued
31 May 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 22 December 2023 and were signed by:





V Sharma - Director


DK Commercial Properties 2 Ltd (Registered number: 14063669)

Notes to the Financial Statements
for the Period 22 April 2022 to 31 May 2023

1. Statutory information

DK Commercial Properties 2 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 period 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.

3. Employees and directors

The average number of employees during the period was NIL.

4. Investment property
Total
£   
Fair value
Additions 1,235,025
Valuation changes 1,614,975
At 31 May 2023 2,850,000
Net book value
At 31 May 2023 2,850,000

DK Commercial Properties 2 Ltd (Registered number: 14063669)

Notes to the Financial Statements - continued
for the Period 22 April 2022 to 31 May 2023

4. Investment property - continued

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2023 2,850,000

Investment property was valued on an open market basis on 31 May 2023 by Cluttons .

5. Debtors: amounts falling due within one year
£   
Other debtors 317,878

6. Creditors: amounts falling due within one year
£   
VAT 14,441
Accruals and deferred income 63,783
78,224

7. Creditors: amounts falling due after more than one year
£   
Bank loans - 2-5 years 1,735,500

8. Secured debts

The following secured debts are included within creditors:

£   
Bank loans 1,735,500

Arbuthnot Latham hold a first ranking debenture containing fixed and floating charges over the assets of the company.

9. Provisions for liabilities
£   
Deferred tax 306,845

Deferred
tax
£   
Provided during period 306,845
Balance at 31 May 2023 306,845

DK Commercial Properties 2 Ltd (Registered number: 14063669)

Notes to the Financial Statements - continued
for the Period 22 April 2022 to 31 May 2023

10. Called up share capital

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

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

11. Reserves
Fair
value
reserve
£   
Transfer from retained earnings 1,308,130

At 31 May 2023 1,308,130