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Registered Number: 09345849
England and Wales

 

 

 

DANELLI PROPERTIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Directors Amanda Solomon
Jeremy Solomon
Registered Number 09345849
Registered Office 3 Cleopatra Close
STANMORE
Middlesex
HA7 4PR
Accountants Cotton Accountancy Services Limited
83 Ducie Street
Manchester
M1 2JQ
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 2,790,616    2,655,000 
Investments 4 9,428    9,428 
2,800,044    2,664,428 
Current assets      
Debtors: amounts falling due within one year 5 4,007    8,714 
Cash at bank and in hand 95,056    84,395 
99,063    93,109 
Creditors: amount falling due within one year 6 (2,263,515)   (2,205,605)
Net current liabilities (2,164,452)   (2,112,496)
 
Total assets less current liabilities 635,592    551,932 
Net assets 635,592    551,932 
 

Capital and reserves
     
Called up share capital 7 1    1 
Profit and loss account 635,591    551,931 
Shareholder's funds 635,592    551,932 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 09 March 2024 and were signed on its behalf by:


-------------------------------
Amanda Solomon
Director
2
General Information
Danelli Properties Limited is a private company, limited by shares, which was incorporated in England and Wales under company registration number 09345849. Its registered office is at 3 Cleopatra Close, Stanmore, Middlesex, HA7 4PR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover represents rents receivable and related income.
Rental income from investment property leased out under an operating lease is recognised in the profit and loss account on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. 
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees


Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 January 2023 2,639,882    2,639,882 
Additions  
Disposals  
Revaluations 150,734    150,734 
At 31 December 2023 2,790,616    2,790,616 
Depreciation
At 01 January 2023  
Charge for year  
On disposals  
At 31 December 2023  
Net book values
Closing balance as at 31 December 2023 2,790,616    2,790,616 
Opening balance as at 01 January 2023 2,655,000    2,655,000 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2023  
Additions 9,428    9,428 
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 9,428    9,428 
Investment Property
The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2022 by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 1,797    4,934 
Other Debtors 2,210    3,780 
4,007    8,714 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 23,530    17,795 
Accrued Expenses 924    941 
Other Creditors 7,939    5,747 
Loans from related companies 1,979,250    1,929,250 
Director: Amanda Solomon 100,000    100,000 
Director: Jeremy Solomon 151,872    151,872 
2,263,515    2,205,605 
Related party transactions
Included within creditors at the year end is an amount of £1,044,250 (2022: £994,250) due to Solomon Tax Limited, a company in which A Solomon is a director. This amount has been  provided unsecured, interest free and is effectively repayable on demand.
Included within creditors at the year end is an amount of £935,000 (2022: £935,000) due to Welwyn Vision Opticians Limited, a company in which J R Solomon is a director. This amount has been provided unsecured, interest free and is effectively repayable on demand. 
Included within other creditors at the year end is an amount of £251,872 (2022: £271,872) due to the directors, A and J Solomon. This amount has been provided unsecured, interest free and is effectively repayable on demand.

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £0.01 each  
 

3