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Company Registration No. 12716629 (England and Wales)
DL1 Property Development Limited Unaudited accounts for the year ended 31 July 2023
DL1 Property Development Limited Unaudited accounts Contents
Page
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DL1 Property Development Limited Company Information for the year ended 31 July 2023
Directors
Benjamin Abel Louie Boyan
Company Number
12716629 (England and Wales)
Registered Office
12 Mutton Place London NW1 8DF England
Accountants
Ratnam Accountants 203 Kilburn High Road London NW6 7HY
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DL1 Property Development Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
413,140 
396,857 
Current assets
Debtors
280 
280 
Cash at bank and in hand
2,279 
1,651 
2,559 
1,931 
Creditors: amounts falling due within one year
(161,531)
(127,725)
Net current liabilities
(158,972)
(125,794)
Total assets less current liabilities
254,168 
271,063 
Creditors: amounts falling due after more than one year
(307,500)
(307,500)
Net liabilities
(53,332)
(36,437)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(53,432)
(36,537)
Shareholders' funds
(53,332)
(36,437)
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 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 25 April 2024 and were signed on its behalf by
Benjamin Abel Director Company Registration No. 12716629
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DL1 Property Development Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
DL1 Property Development Limited is a private company, limited by shares, registered in England and Wales, registration number 12716629. The registered office is 12 Mutton Place, London, NW1 8DF, 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.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 August 2022
413,140 
At 31 July 2023
413,140 
Depreciation
At 1 August 2022
16,283 
Charge for the year
(16,283)
At 31 July 2023
- 
Net book value
At 31 July 2023
413,140 
At 31 July 2022
396,857 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
280 
280 
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DL1 Property Development Limited Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
68,662 
60,532 
Loans from directors
91,869 
66,693 
Accruals
1,000 
500 
161,531 
127,725 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
307,500 
307,500 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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