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REGISTERED NUMBER: 08680791 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2022 to 31 August 2023

for

Datch Properties Limited

Datch Properties Limited (Registered number: 08680791)






Contents of the Financial Statements
for the Period 1 October 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Datch Properties Limited

Company Information
for the Period 1 October 2022 to 31 August 2023







DIRECTOR: D I Derry





REGISTERED OFFICE: Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ





REGISTERED NUMBER: 08680791 (England and Wales)





ACCOUNTANTS: Bostockwhite Limited
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ

Datch Properties Limited (Registered number: 08680791)

Balance Sheet
31 August 2023

31.8.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 200,000 275,000

CURRENT ASSETS
Debtors 5 67,328 179,969
Cash at bank 2,033 149,015
69,361 328,984
CREDITORS
Amounts falling due within one year 6 37,075 64,857
NET CURRENT ASSETS 32,286 264,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,286

539,127

PROVISIONS FOR LIABILITIES 7 - 598
NET ASSETS 232,286 538,529

CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 - 28,685
Capital redemption reserve 9 (223,289 ) -
Retained earnings 9 455,573 509,842
SHAREHOLDERS' FUNDS 232,286 538,529

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

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

Datch Properties Limited (Registered number: 08680791)

Balance Sheet - continued
31 August 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 March 2024 and were signed by:





D I Derry - Director


Datch Properties Limited (Registered number: 08680791)

Notes to the Financial Statements
for the Period 1 October 2022 to 31 August 2023

1. STATUTORY INFORMATION

Datch 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 net invoiced rent receivable from the company's property portfolio, excluding value added tax.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement. Deferred taxation is provided on these gains or losses, to the extent that they are recoverable, at the rate expected to apply when the property is sold.

Movements in these fair values are transferred to the revaluation reserve for a clear separation of realised and unrealised gains and losses.

Taxation
Taxation for the period 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

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

Datch Properties Limited (Registered number: 08680791)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 August 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 275,000
Revaluations (75,000 )
At 31 August 2023 200,000
NET BOOK VALUE
At 31 August 2023 200,000
At 30 September 2022 275,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 (45,718 )
Cost 245,718
200,000

Investment property was valued on an open market basis on 28 February 2023 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 30.9.22
£    £   
Trade debtors 2,133 1,290
Other debtors 65,000 175,000
VAT - 1,232
Prepayments 195 2,447
67,328 179,969

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 30.9.22
£    £   
Trade creditors 2,010 (255 )
Tax 30,979 62,979
VAT 1,341 -
Accrued expenses 2,745 2,133
37,075 64,857

Datch Properties Limited (Registered number: 08680791)

Notes to the Financial Statements - continued
for the Period 1 October 2022 to 31 August 2023

7. PROVISIONS FOR LIABILITIES
31.8.23 30.9.22
£    £   
Deferred tax
Investment property - 598

Deferred
tax
£   
Balance at 1 October 2022 598
Unused amounts reversed during period (598 )
Balance at 31 August 2023 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 30.9.22
value: £    £   
1 Ordinary £1 2 2

9. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 October 2022 509,842 28,685 - 538,527
Deficit for the period (82,954 ) (82,954 )
Purchase of own shares - - (223,289 ) (223,289 )
Reserve transfer 28,685 (28,685 ) - -
At 31 August 2023 455,573 - (223,289 ) 232,284

The reserve transfer has moved the revaluation loss (net of deferred tax) into retained earnings to consolidate distributable reserves.