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Company Registration No. 13512488 (England and Wales)
DIRECT PROPERTIES SOUTH LTD Unaudited accounts for the year ended 31 July 2023
DIRECT PROPERTIES SOUTH LTD Unaudited accounts Contents
Page
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DIRECT PROPERTIES SOUTH LTD Company Information for the year ended 31 July 2023
Director
Zubair SADDIQUE
Company Number
13512488 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of DIRECT PROPERTIES SOUTH LTD for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DIRECT PROPERTIES SOUTH LTD for the year ended 31 July 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
Our work has been undertaken 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.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 26 July 2024
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DIRECT PROPERTIES SOUTH LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,827 
20,234 
Current assets
Debtors
6,761 
1,312 
Cash at bank and in hand
1,052 
5,493 
7,813 
6,805 
Creditors: amounts falling due within one year
(25,913)
(28,865)
Net current liabilities
(18,100)
(22,060)
Net liabilities
(273)
(1,826)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(373)
(1,926)
Shareholders' funds
(273)
(1,826)
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 26 July 2024 and were signed on its behalf by
Zubair SADDIQUE Director Company Registration No. 13512488
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DIRECT PROPERTIES SOUTH LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
DIRECT PROPERTIES SOUTH LTD is a private company, limited by shares, registered in England and Wales, registration number 13512488. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, 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.
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.
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:
Fixtures & fittings
10% diminishing balance method.
Computer equipment
20% diminishing balance method.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
18,215 
4,800 
23,015 
At 31 July 2023
18,215 
4,800 
23,015 
Depreciation
At 1 August 2022
1,821 
960 
2,781 
Charge for the year
1,639 
768 
2,407 
At 31 July 2023
3,460 
1,728 
5,188 
Net book value
At 31 July 2023
14,755 
3,072 
17,827 
At 31 July 2022
16,394 
3,840 
20,234 
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DIRECT PROPERTIES SOUTH LTD Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,661 
1,212 
Other debtors
100 
100 
6,761 
1,312 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
2,418 
5,490 
Other creditors
23,015 
23,015 
Accruals
480 
360 
25,913 
28,865 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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