IRIS Accounts Production v24.1.0.578 04570158 director 1.11.22 31.10.23 31.10.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045701582022-10-31045701582023-10-31045701582022-11-012023-10-31045701582021-10-31045701582021-11-012022-10-31045701582022-10-3104570158ns15:EnglandWales2022-11-012023-10-3104570158ns14:PoundSterling2022-11-012023-10-3104570158ns10:Director12022-11-012023-10-3104570158ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3104570158ns10:SmallEntities2022-11-012023-10-3104570158ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3104570158ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3104570158ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3104570158ns10:FullAccounts2022-11-012023-10-3104570158ns10:CompanySecretary12022-11-012023-10-3104570158ns10:RegisteredOffice2022-11-012023-10-3104570158ns5:CurrentFinancialInstruments2023-10-3104570158ns5:CurrentFinancialInstruments2022-10-3104570158ns5:Non-currentFinancialInstruments2023-10-3104570158ns5:Non-currentFinancialInstruments2022-10-3104570158ns5:ShareCapital2023-10-3104570158ns5:ShareCapital2022-10-3104570158ns5:RetainedEarningsAccumulatedLosses2023-10-3104570158ns5:RetainedEarningsAccumulatedLosses2022-10-3104570158ns5:FurnitureFittings2022-11-012023-10-3104570158ns5:FurnitureFittings2022-10-3104570158ns5:FurnitureFittings2023-10-3104570158ns5:FurnitureFittings2022-10-3104570158ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3104570158ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3104570158ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3104570158ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-10-31
REGISTERED NUMBER: 04570158 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

First Docklands Property Management
Limited

First Docklands Property Management
Limited (Registered number: 04570158)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


First Docklands Property Management
Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr R Patel





SECRETARY: Mr D Patel





REGISTERED OFFICE: 1006 Uxbridge Road
Hayes
Middlesex
UB4 0RL





REGISTERED NUMBER: 04570158 (England and Wales)





ACCOUNTANTS: Soneji & Co Ltd
20 egerton Close,
Pinner
Middlesex
HA5 2LP

First Docklands Property Management
Limited (Registered number: 04570158)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127 628
Investment property 5 2,676,430 2,649,785
2,676,557 2,650,413

CURRENT ASSETS
Debtors 6 11,886 11,802
Cash at bank 413,901 350,264
425,787 362,066
CREDITORS
Amounts falling due within one year 7 895,059 821,373
NET CURRENT LIABILITIES (469,272 ) (459,307 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,207,285

2,191,106

CREDITORS
Amounts falling due after more than one
year

8

(1,826,405

)

(1,826,405

)

PROVISIONS FOR LIABILITIES - (31,634 )
NET ASSETS 380,880 333,067

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 380,879 333,066
SHAREHOLDERS' FUNDS 380,880 333,067

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

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

First Docklands Property Management
Limited (Registered number: 04570158)

Balance Sheet - continued
31 October 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 25 July 2024 and were signed by:





Mr R Patel - Director


First Docklands Property Management
Limited (Registered number: 04570158)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

First Docklands Property Management 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 50% on cost

Investment properties are included in the balance sheet at their own market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the applicable accounting standard FRS15, accounting for investment properties, it is a departure from the general requirement of the companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.


First Docklands Property Management
Limited (Registered number: 04570158)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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 year 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 year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022
and 31 October 2023 15,207
DEPRECIATION
At 1 November 2022 14,579
Charge for year 501
At 31 October 2023 15,080
NET BOOK VALUE
At 31 October 2023 127
At 31 October 2022 628

The long leasehold properties are mortgaged and the lenders have first charge on it.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 2,649,785
Additions 26,645
At 31 October 2023 2,676,430
NET BOOK VALUE
At 31 October 2023 2,676,430
At 31 October 2022 2,649,785

The long leasehold properties are mortgaged and the lenders have first charge on it.

First Docklands Property Management
Limited (Registered number: 04570158)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 11,886 11,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 33,833 53,388
Taxation and social security 5,865 5,748
Other creditors 855,361 762,237
895,059 821,373

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 1,826,405 1,826,405

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,826,405 1,826,405

9. RELATED PARTY DISCLOSURES

The company was under the control of Mr R Patel throughout the current year and previous year. Mr R Patel is the managing director and only shareholder.

During the year, dividend of £1,000 (2022: £1,000) was paid to Mr. R Patel.

No transactions with related parties were undertaken such as required to be disclosed under the Financial Reporting Standard 8.