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REGISTERED NUMBER: 11597000 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2023

for

DDS Property Solutions Ltd

DDS Property Solutions Ltd (Registered number: 11597000)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


DDS Property Solutions Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs S C Dobson Da Silva
M V Dobson Da Silva





REGISTERED OFFICE: 52 Barwell Lane
Hinkley
Leicestershire
LE10 1SS





REGISTERED NUMBER: 11597000 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
DDS Property Solutions Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DDS Property Solutions Ltd for the year ended 31 October 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of DDS Property Solutions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DDS Property Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of DDS Property Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DDS Property Solutions Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DDS Property Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of DDS Property Solutions Ltd. You consider that DDS Property Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DDS Property Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


31 July 2024

DDS Property Solutions Ltd (Registered number: 11597000)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50 100
Investment property 5 72,995 70,000
73,045 70,100

CURRENT ASSETS
Debtors 6 - 6,000
Prepayments and accrued income 107 91
Cash at bank 51,030 66,727
51,137 72,818
CREDITORS
Amounts falling due within one year 7 84,563 96,779
NET CURRENT LIABILITIES (33,426 ) (23,961 )
TOTAL ASSETS LESS CURRENT LIABILITIES 39,619 46,139

CREDITORS
Amounts falling due after more than one year 8 (46,500 ) (46,500 )

PROVISIONS FOR LIABILITIES - (195 )

ACCRUALS AND DEFERRED INCOME (1,200 ) (1,200 )
NET LIABILITIES (8,081 ) (1,756 )

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 10,404 10,209
Retained earnings (18,486 ) (11,966 )
(8,081 ) (1,756 )

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 directors acknowledge their 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.

DDS Property Solutions Ltd (Registered number: 11597000)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





M V Dobson Da Silva - Director


DDS Property Solutions Ltd (Registered number: 11597000)

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

1. STATUTORY INFORMATION

DDS Property Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Computer equipment - 50% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The directors confirm that they will support the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

DDS Property Solutions Ltd (Registered number: 11597000)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 1,749
DEPRECIATION
At 1 November 2022 1,649
Charge for year 50
At 31 October 2023 1,699
NET BOOK VALUE
At 31 October 2023 50
At 31 October 2022 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 70,000
Additions 2,995
At 31 October 2023 72,995
NET BOOK VALUE
At 31 October 2023 72,995
At 31 October 2022 70,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2019 2,404
Valuation in 2020 8,000
Cost 62,591
72,995

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 62,591 59,596
Aggregate depreciation (5,943 ) (4,751 )

Investment property was valued on an open mark basis on 31 October 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 6,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 84,563 96,779

DDS Property Solutions Ltd (Registered number: 11597000)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 46,500 46,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 46,500 46,500

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 46,500 46,500

The directors have provided a personal guarantee over the mortgage held by the company.

10. RESERVES
Fair
value
reserve
£   
At 1 November 2022 10,209
Transfers 195

At 31 October 2023 10,404