REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
FOR |
DCH MALLORCA LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
FOR |
DCH MALLORCA LIMITED |
DCH MALLORCA LIMITED (REGISTERED NUMBER: 08086549) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
DCH MALLORCA LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Mercury House |
19-21 Chapel Street |
Marlow |
Buckinghamshire |
SL7 3HN |
DCH MALLORCA LIMITED (REGISTERED NUMBER: 08086549) |
BALANCE SHEET |
30TH SEPTEMBER 2023 |
30.9.23 | 30.9.22 |
Notes | € | € | € | € |
FIXED ASSETS |
Investment property | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 6 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
DCH MALLORCA LIMITED (REGISTERED NUMBER: 08086549) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
DCH Mallorca Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
Investment property is shown at cost or market value where the latter differs materially from cost. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
€ |
FAIR VALUE |
At 1st October 2022 |
and 30th September 2023 |
NET BOOK VALUE |
At 30th September 2023 |
At 30th September 2022 |
Fair value at 30th September 2023 is represented by: |
€ |
Valuation in 2022 | 163,323 |
Cost | 486,677 |
650,000 |
If the investment property had not been revalued it would have been included at the following historical cost: |
30.9.23 | 30.9.22 |
€ | € |
Cost | 486,677 | 486,677 |
The investment was valued on an open market basis on 30th September 2023 by the directors . |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
€ | € |
Directors' loan accounts | 486,605 | 486,605 |
DCH MALLORCA LIMITED (REGISTERED NUMBER: 08086549) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2023 |
6. | RESERVES |
Revaluation |
reserve |
€ |
At 1st October 2022 |
and 30th September 2023 |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The company was formed as a special purpose vehicle for the purchase of an overseas holiday home for the enjoyment of the directors/company owners and their family and for no other purpose. It is not available for rental on a commercial basis to any other person(s). Consequently, no profit or loss arises and the costs of running the property are met personally by the directors. |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is the directors. |