Registered number
13686117
DIVERSITY PROPERTIES LIMITED
Filleted Accounts
31 October 2023
DIVERSITY PROPERTIES LIMITED
Registered number: 13686117
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,973 7,964
Investments 4 638,725 -
644,698 7,964
Current assets
Debtors 5 152,662 73,500
Cash at bank and in hand 14,262 22,181
166,924 95,681
Creditors: amounts falling due within one year 6 (269,245) (39,603)
Net current (liabilities)/assets (102,321) 56,078
Total assets less current liabilities 542,377 64,042
Creditors: amounts falling due after more than one year 7 (420,197) -
Net assets 122,180 64,042
Capital and reserves
Called up share capital 100 100
Profit and loss account 122,080 63,942
Shareholder's funds 122,180 64,042
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shabeer Hasmat Ali
Director
Approved by the board on 29 July 2024
DIVERSITY PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Vehicles 25% RB
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 10,619
At 31 October 2023 10,619
Depreciation
At 1 November 2022 2,655
Charge for the year 1,991
At 31 October 2023 4,646
Net book value
At 31 October 2023 5,973
At 31 October 2022 7,964
4 Investments Properties
Other
investments
£
Cost
Additions 638,725
At 31 October 2023 638,725
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Where fair value cannot be achived without undue cost or effort, investment property is accounted for as tangible fixed assets.

At the year end, the valuation was equal to cost.
5 Debtors 2023 2022
£ £
Other debtors 152,662 73,500
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 21,790 -
Taxation and social security costs 15,503 13,131
Other creditors 231,952 26,472
269,245 39,603
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 420,197 -
8 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 441,987 -
Secured bank loans 441,987 -
The loan is secured against 142 Tomswood Hill, Ilford, IG6 2QP
9 Other information
DIVERSITY PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
413 Hight Street
London
 E15 4QZ
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