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Company Registration No. 10424395 (England and Wales)
D & L Property Developments Limited Unaudited accounts for the year ended 31 October 2023
D & L Property Developments Limited Unaudited accounts Contents
Page
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D & L Property Developments Limited Company Information for the year ended 31 October 2023
Directors
Daniel Richard John Lowri John
Company Number
10424395 (England and Wales)
Registered Office
31 Bridge Street Aberystwyth SY23 1QB Wales
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D & L Property Developments Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
580,465 
327,322 
Current assets
Debtors
- 
48,463 
Cash at bank and in hand
13,647 
26,839 
13,647 
75,302 
Creditors: amounts falling due within one year
(310,347)
(277,306)
Net current liabilities
(296,700)
(202,004)
Total assets less current liabilities
283,765 
125,318 
Creditors: amounts falling due after more than one year
(256,259)
(105,873)
Net assets
27,506 
19,445 
Capital and reserves
Profit and loss account
27,506 
19,445 
Shareholders' funds
27,506 
19,445 
For the year ending 31 October 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 31 July 2024 and were signed on its behalf by
Daniel Richard John Director Company Registration No. 10424395
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D & L Property Developments Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
D & L Property Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 10424395. The registered office is 31 Bridge Street, Aberystwyth, SY23 1QB, Wales.
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:
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2022
110 
At 31 October 2023
110 
Depreciation
At 1 November 2022
110 
At 31 October 2023
110 
Net book value
At 31 October 2023
- 
5
Investment property
2023 
£ 
Fair value at 1 November 2022
327,322 
Additions
253,143 
At 31 October 2023
580,465 
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D & L Property Developments Limited Notes to the Accounts for the year ended 31 October 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
48,463 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
12,768 
- 
Taxes and social security
2,125 
3,572 
Other creditors
119,533 
119,533 
Loans from directors
175,921 
154,201 
310,347 
277,306 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
256,259 
104,527 
Accruals
- 
1,346 
256,259 
105,873 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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