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REGISTERED NUMBER: 13319752 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

DC DEVELOPMENTS (MANCHESTER) LTD

DC DEVELOPMENTS (MANCHESTER) LTD (REGISTERED NUMBER: 13319752)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DC DEVELOPMENTS (MANCHESTER) LTD

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTOR: Mr R Cain





REGISTERED OFFICE: 10 Carolina Way
Quays Reach
Salford
Greater Manchester
M50 2ZY





REGISTERED NUMBER: 13319752 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

DC DEVELOPMENTS (MANCHESTER) LTD (REGISTERED NUMBER: 13319752)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,398 1,934
Investment property 5 155,000 -
156,398 1,934

CURRENT ASSETS
Stocks - 164,745
Debtors 6 246,834 124,448
Cash at bank 1,306 71,939
248,140 361,132
CREDITORS
Amounts falling due within one year 7 (78,480 ) (183,373 )
NET CURRENT ASSETS 169,660 177,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,058

179,693

CREDITORS
Amounts falling due after more than one
year

8

(108,750

)

-

PROVISIONS FOR LIABILITIES (8,026 ) (367 )
NET ASSETS 209,282 179,326

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 33,085 -
Retained earnings 176,195 179,324
209,282 179,326

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.

DC DEVELOPMENTS (MANCHESTER) LTD (REGISTERED NUMBER: 13319752)

BALANCE SHEET - continued
31 July 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 8 February 2024 and were signed by:





Mr R Cain - Director


DC DEVELOPMENTS (MANCHESTER) LTD (REGISTERED NUMBER: 13319752)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

DC Developments (Manchester) 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
Revenue is measured at the fair value of the consideration received or receivable.

Revenue from the sale of goods is recognised when the following conditions are satisfied -

-the company has transferred to the buyer the significant risks and rewards of the goods;
-the amount of revenue can be measured reliably;
-it is probable that the economic benefits associated with the transaction will flow to the company; and
-the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when the legal title has been passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and
accumulated impairment losses.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


DC DEVELOPMENTS (MANCHESTER) LTD (REGISTERED NUMBER: 13319752)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022 2,887
Additions 499
At 31 July 2023 3,386
DEPRECIATION
At 1 August 2022 953
Charge for year 1,035
At 31 July 2023 1,988
NET BOOK VALUE
At 31 July 2023 1,398
At 31 July 2022 1,934

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 114,154
Revaluations 40,846
At 31 July 2023 155,000
NET BOOK VALUE
At 31 July 2023 155,000

DC DEVELOPMENTS (MANCHESTER) LTD (REGISTERED NUMBER: 13319752)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2023 40,846
Cost 114,154
155,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 114,154 -

Investment property was valued on an open market basis on 31 July 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 3,864 2,171
Other debtors 241,562 122,277
Prepayments and accrued income 1,408 -
246,834 124,448

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 127,243
Tax 58,286 45,218
Other creditors 841 -
Directors' current accounts 657 8,512
Accruals and deferred income 18,696 2,400
78,480 183,373

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 108,750 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 108,750 127,243

The bank loan is secured on the property to which it relates and is repayable after 5 years.

DC DEVELOPMENTS (MANCHESTER) LTD (REGISTERED NUMBER: 13319752)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

10. RESERVES
Fair
value
reserve
£   
Revaluation 33,085

At 31 July 2023 33,085

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 July 2023 and the period ended 31 July 2022:

2023 2022
£    £   
Mr R Cain
Balance outstanding at start of year - -
Amounts advanced 32,768 -
Amounts repaid (32,768 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr A S Dribben
Balance outstanding at start of year - -
Amounts advanced 33,233 -
Amounts repaid (33,233 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,000 (2022 - £12,000) were paid to the directors .