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Registration number: 14458166

Denton Property Services Ltd

Unaudited Filleted Financial Statements

for the Period from 2 November 2022 to 30 November 2023

 

Denton Property Services Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Denton Property Services Ltd

Company Information

Directors

M Adair

P Adair

Registered office

Unit 5 Jupiter House Calleva Park
Aldermaston
Reading
RG7 8NN

Accountants

Matthews Hanton Limited
Chartered Certified Accountants
93 Aldwick Road
Bognor Regis
West Sussex
PO21 2NW

 

Denton Property Services Ltd

(Registration number: 14458166)
Balance Sheet as at 30 November 2023

Note

2023
£

Fixed assets

 

Investment property

4

339,000

Current assets

 

Debtors

5

50

Cash at bank and in hand

 

8,483

 

8,533

Creditors: Amounts falling due within one year

6

(5,915)

Net current assets

 

2,618

Total assets less current liabilities

 

341,618

Creditors: Amounts falling due after more than one year

6

(332,527)

Provisions for liabilities

(5,237)

Net assets

 

3,854

Capital and reserves

 

Called up share capital

7

100

Other reserves

27,563

Retained earnings

(23,809)

Shareholders' funds

 

3,854

For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 April 2023 and signed on its behalf by:
 

 

Denton Property Services Ltd

(Registration number: 14458166)
Balance Sheet as at 30 November 2023

.........................................
M Adair
Director

 

Denton Property Services Ltd

Notes to the Unaudited Financial Statements for the Period from 2 November 2022 to 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 5 Jupiter House Calleva Park
Aldermaston
Reading
RG7 8NN
England

These financial statements were authorised for issue by the Board on 19 April 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Denton Property Services Ltd

Notes to the Unaudited Financial Statements for the Period from 2 November 2022 to 30 November 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Depreciation

Asset class

Depreciation method and rate

Investment property

Not provided

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Denton Property Services Ltd

Notes to the Unaudited Financial Statements for the Period from 2 November 2022 to 30 November 2023

4

Investment properties

2023
£

Additions

311,437

Fair value adjustments

27,563

At 30 November

339,000

Online tools were used to obtain a reasonable valuation.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2023
£

Other debtors

50

 

50

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

720

Other creditors

5,195

5,915

Creditors: amounts falling due after more than one year

2023
£

Due after one year

Other non-current financial liabilities

332,527

7

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary of £1 each

100

100

   
 

Denton Property Services Ltd

Notes to the Unaudited Financial Statements for the Period from 2 November 2022 to 30 November 2023

8

Related party transactions

Summary of transactions with other related parties

Denton Contractors Groundworks Limited (a company under common control).
 

Loans from related parties

2023

Other related parties
£

Total
£

Advanced

325,001

325,001

Interest transactions

7,526

7,526

At end of period

332,527

332,527

Terms of loans from related parties

Interest is being charged at 2.5%.