IRIS Accounts Production v23.3.1.45 05010708 director 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050107082022-06-30050107082023-06-30050107082022-07-012023-06-30050107082021-06-30050107082021-07-012022-06-30050107082022-06-3005010708ns10:Originalns15:EnglandWales2022-07-012023-06-3005010708ns14:PoundSterlingns10:Original2022-07-012023-06-3005010708ns10:Originalns10:Director12022-07-012023-06-3005010708ns10:Original2022-07-012023-06-3005010708ns10:Original2023-06-3005010708ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3005010708ns10:Originalns10:SmallEntities2022-07-012023-06-3005010708ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3005010708ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3005010708ns10:Originalns10:FullAccounts2022-07-012023-06-3005010708ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3005010708ns10:CompanySecretary1ns10:Original2022-07-012023-06-3005010708ns10:Originalns10:RegisteredOffice2022-07-012023-06-3005010708ns10:Original2022-06-3005010708ns10:Originalns5:CurrentFinancialInstruments2023-06-3005010708ns10:Originalns5:CurrentFinancialInstruments2022-06-3005010708ns10:Originalns5:Non-currentFinancialInstruments2023-06-3005010708ns10:Originalns5:Non-currentFinancialInstruments2022-06-3005010708ns5:ShareCapitalns10:Original2023-06-3005010708ns5:ShareCapitalns10:Original2022-06-3005010708ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3005010708ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-3005010708ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3005010708ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3005010708ns10:Originalns5:ComputerEquipment2022-07-012023-06-3005010708ns10:Original2021-07-012022-06-3005010708ns10:Originalns5:ComputerEquipment2022-06-3005010708ns10:Originalns5:ComputerEquipment2023-06-3005010708ns10:Originalns5:ComputerEquipment2022-06-3005010708ns10:Original2022-06-3005010708ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3005010708ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3005010708ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3005010708ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-06-3005010708ns5:Securedns10:Original2023-06-3005010708ns5:Securedns10:Original2022-06-3005010708ns10:Originalns5:DeferredTaxation2022-06-3005010708ns10:Originalns5:DeferredTaxation2023-06-3005010708ns10:Originalns10:OrdinaryShareClass12023-06-3005010708ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3005010708ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-3005010708ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-30
REGISTERED NUMBER: 05010708 (England and Wales)












DANIELLA PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






DANIELLA PROPERTIES LIMITED (REGISTERED NUMBER: 05010708)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DANIELLA PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr A Mousicos





SECRETARY:





REGISTERED OFFICE: 88 The Woodlands
Southgate
London
N14 5RX





REGISTERED NUMBER: 05010708 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

DANIELLA PROPERTIES LIMITED (REGISTERED NUMBER: 05010708)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90 135
Investment property 5 475,000 475,000
475,090 475,135

CURRENT ASSETS
Debtors 6 2,024 1,980
Cash at bank 2,392 7,889
4,416 9,869
CREDITORS
Amounts falling due within one year 7 36,332 36,698
NET CURRENT LIABILITIES (31,916 ) (26,829 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,174

448,306

CREDITORS
Amounts falling due after more than one
year

8

(168,244

)

(168,141

)

PROVISIONS FOR LIABILITIES 11 (30,259 ) (30,259 )
NET ASSETS 244,671 249,906

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 230,217 230,217
Retained earnings 13 14,354 19,589
SHAREHOLDERS' FUNDS 244,671 249,906

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

DANIELLA PROPERTIES LIMITED (REGISTERED NUMBER: 05010708)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 21 February 2024 and were signed by:





Mr A Mousicos - Director


DANIELLA PROPERTIES LIMITED (REGISTERED NUMBER: 05010708)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Daniella Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the net rents receivable, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

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 - 25% on cost

Investment property
The company's investment properties are held for long term investment and are included in the balance sheet at their fair value. No depreciation is provided in respect of freehold and long leasehold investment properties.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The director considers that this policy is necessary in order that the accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown, cannot be separately identified or quantified.

All Investment properties are revalued every year. The surplus(es) or deficit(s) on revaluation of such properties are transferred to revaluation reserve, apart from when the revaluation is below the original cost and in the opinion of the directors the diminution in value is of a permanent nature which is charged to the profit and loss account. On the disposal of a revalued fixed asset, any related balances in the revaluation reserve are transferred to the profit and loss account as a movement in reserves.

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 statement of financial position date.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

However, deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

DANIELLA PROPERTIES LIMITED (REGISTERED NUMBER: 05010708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 180
DEPRECIATION
At 1 July 2022 45
Charge for year 45
At 30 June 2023 90
NET BOOK VALUE
At 30 June 2023 90
At 30 June 2022 135

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 475,000
NET BOOK VALUE
At 30 June 2023 475,000
At 30 June 2022 475,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2007 85,530
Valuation in 2014 30,000
Valuation in 2022 145,000
Cost 214,470
475,000

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

30.6.23 30.6.22
£    £   
Cost 214,470 214,470

Investment property was valued on an open market basis on 30 June 2022 by the director .

DANIELLA PROPERTIES LIMITED (REGISTERED NUMBER: 05010708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 1,800 1,800
Prepayments 224 180
2,024 1,980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other loans 33,524 33,524
Tax 284 875
Directors' loan accounts 44 139
Accruals and deferred income 1,100 900
Accrued expenses 1,380 1,260
36,332 36,698

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans (see note 9) 168,244 168,141

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 168,244 168,141

9. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 168,244 168,141

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 168,244 168,141

The director, Mr A Mousicos, has given unlimited personal guarantees regarding the bank loan.

DANIELLA PROPERTIES LIMITED (REGISTERED NUMBER: 05010708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


11. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 30,259 30,259

Deferred
tax
£   
Balance at 1 July 2022 30,259
Balance at 30 June 2023 30,259

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2022 19,589 230,217 249,806
Profit for the year 1,165 1,165
Dividends (6,400 ) (6,400 )
At 30 June 2023 14,354 230,217 244,571

14. ULTIMATE CONTROLLING PARTY

At the balance sheet date, Mousicos Holdings Ltd controls the company by virtue of holding 100 per cent of the issued ordinary share capital.