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REGISTERED NUMBER: 08989898 (England and Wales)















DHG PROPERTY FINANCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






DHG PROPERTY FINANCE LIMITED (REGISTERED NUMBER: 08989898)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DHG PROPERTY FINANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: Mr DH Griffith





REGISTERED OFFICE: Unit 3
Lewis Court
Cardiff
CF24 5HQ





REGISTERED NUMBER: 08989898 (England and Wales)





ACCOUNTANTS: Davies Williams Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

DHG PROPERTY FINANCE LIMITED (REGISTERED NUMBER: 08989898)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,843 20,663
Investments 5 8,200 8,200
28,043 28,863

CURRENT ASSETS
Debtors 6 11,974 18,615
Cash at bank 48,295 56,062
60,269 74,677
CREDITORS
Amounts falling due within one year 7 24,819 29,702
NET CURRENT ASSETS 35,450 44,975
TOTAL ASSETS LESS CURRENT LIABILITIES 63,493 73,838

CREDITORS
Amounts falling due after more than one
year

8

(8,002

)

(12,021

)

PROVISIONS FOR LIABILITIES (3,109 ) (1,984 )
NET ASSETS 52,382 59,833

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 52,380 59,831
52,382 59,833

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

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

DHG PROPERTY FINANCE LIMITED (REGISTERED NUMBER: 08989898)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th January 2024 and were signed by:





Mr DH Griffith - Director


DHG PROPERTY FINANCE LIMITED (REGISTERED NUMBER: 08989898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. STATUTORY INFORMATION

DHG Property Finance 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DHG PROPERTY FINANCE LIMITED (REGISTERED NUMBER: 08989898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1st August 2022 13,874 18,276 9,097 41,247
Additions - 3,642 500 4,142
At 31st July 2023 13,874 21,918 9,597 45,389
DEPRECIATION
At 1st August 2022 7,148 10,333 3,103 20,584
Charge for year 1,682 2,362 918 4,962
At 31st July 2023 8,830 12,695 4,021 25,546
NET BOOK VALUE
At 31st July 2023 5,044 9,223 5,576 19,843
At 31st July 2022 6,726 7,943 5,994 20,663

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st August 2022
and 31st July 2023 8,200
NET BOOK VALUE
At 31st July 2023 8,200
At 31st July 2022 8,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,033 6,309
Other debtors 6,941 12,306
11,974 18,615

DHG PROPERTY FINANCE LIMITED (REGISTERED NUMBER: 08989898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 3,980
Taxation and social security 19,909 22,217
Other creditors 910 3,505
24,819 29,702

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 8,002 12,021

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2023 and 31st July 2022:

2023 2022
£    £   
Mr DH Griffith
Balance outstanding at start of year 4,620 4,928
Amounts advanced 60,879 37,365
Amounts repaid (65,562 ) (37,673 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (63 ) 4,620