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Company Registration No. 13088902 (England and Wales)
DND Property Limited Unaudited accounts for the year ended 31 December 2023
DND Property Limited Unaudited accounts Contents
Page
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DND Property Limited Company Information for the year ended 31 December 2023
Directors
Darren Betteridge Nicola Pinnock
Company Number
13088902 (England and Wales)
Registered Office
C5 Cairo Place Penner Road Havant PO9 1QN ENGLAND
Accountants
Square Accounts Limited 5 Albert Road Southsea Hampshire PO5 2SE
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of DND Property Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DND Property Limited for the year ended 31 December 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of DND Property Limited, as a body, in accordance with the terms of our engagement letter dated 9 May 2022. Our work has been undertaken solely to prepare for your approval the accounts of DND Property Limited and state those matters that we have agreed to state to the Board of Directors of DND Property Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DND Property Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that DND Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DND Property Limited. You consider that DND Property Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of DND Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Square Accounts Limited Chartered Certified Accountants 5 Albert Road Southsea Hampshire PO5 2SE 10 April 2024
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DND Property Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
78,376 
78,932 
Current assets
Debtors
520 
- 
Cash at bank and in hand
2,441 
1,752 
2,961 
1,752 
Creditors: amounts falling due within one year
(480)
(480)
Net current assets
2,481 
1,272 
Total assets less current liabilities
80,857 
80,204 
Creditors: amounts falling due after more than one year
(89,311)
(90,311)
Net liabilities
(8,454)
(10,107)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(8,456)
(10,109)
Shareholders' funds
(8,454)
(10,107)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by
Darren Betteridge Director Company Registration No. 13088902
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DND Property Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
DND Property Limited is a private company, limited by shares, registered in England and Wales, registration number 13088902. The registered office is C5 Cairo Place, Penner Road, Havant, PO9 1QN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
The financial statements have been prepared on a going concern basis as the shareholders have agreed to support the business.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Judgements and key estimates
In the application of the company’s accounting policies, the directors are required to make judgment, estimates and assumptions about the carrying amount of assets and liabilities that are readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over the life of the lease
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DND Property Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
80,495 
At 31 December 2023
80,495 
Depreciation
At 1 January 2023
1,563 
Charge for the year
556 
At 31 December 2023
2,119 
Net book value
At 31 December 2023
78,376 
At 31 December 2022
78,932 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
520 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
480 
480 
Bollscar Builders Ltd is under common control. The balance outstanding from DND Property Limited at the year end was £10,000 (2021 £nil), ad disclosed in other creditors.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
10,000 
10,000 
Loans from directors
79,311 
80,311 
89,311 
90,311 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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