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REGISTERED NUMBER: 11928228 (England and Wales)















DTG Residential Property Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






DTG Residential Property Limited (Registered number: 11928228)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DTG Residential Property Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: AD Dick
TW Townley





REGISTERED OFFICE: 28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA





REGISTERED NUMBER: 11928228 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

DTG Residential Property Limited (Registered number: 11928228)

Balance Sheet
31 October 2023

2023 2022
Notes £ £
CURRENT ASSETS
Stocks 1,033,579 490,137
Debtors 4 685,737 694,826
Cash at bank 35,071 1,747
1,754,387 1,186,710
CREDITORS
Amounts falling due within one year 5 1,240,879 739,964
NET CURRENT ASSETS 513,508 446,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,508

446,746

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 513,506 446,744
SHAREHOLDERS' FUNDS 513,508 446,746

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:



AD Dick - Director



TW Townley - Director


DTG Residential Property Limited (Registered number: 11928228)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

DTG Residential Property 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.

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


The amounts in the financial statements have been rounded to the nearest £1.

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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 NIL (2022 - NIL).

DTG Residential Property Limited (Registered number: 11928228)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 300 300
Other debtors 685,437 694,526
685,737 694,826

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 25,264 -
Amounts owed to associates 313,932 261,760
Taxation and social security 19,387 18,440
Other creditors 882,296 459,764
1,240,879 739,964

Included in other creditors is an amount due to the directors of £197,868 (2022 : £129,348). This is unsecured, interest free and has no fixed repayment terms.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

7. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by AD Dick and TW Townley.

Included in other creditors is an amount of £197,868 (2022: £129,348) owing to J Townley Limited, a company in which TW Townley is also a director.