2022-11-01 11607582 2023-10-31 11607582 2022-11-01 2023-10-31 11607582 2022-10-31 11607582 2021-11-01 2022-10-31 11607582 uk-core:WithinOneYear 2022-10-31 11607582 uk-core:WithinOneYear 2023-10-31 11607582 uk-core:ShareCapital 2023-10-31 11607582 uk-core:ShareCapital 2022-10-31 11607582 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 11607582 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 11607582 uk-bus:Director1 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure 11607582 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11607582 uk-bus:FRS102 2022-11-01 2023-10-31 11607582 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 11607582 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Diss Business Park Properties Limited
Registered Number:11607582
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Diss Business Park Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11607582
As at 31 October 2023
Diss Business Park Properties Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
2
457,313
100,546
Investment property
457,313
100,546
Current assets
Trade and other receivables
3
73,686
3
131
Cash and cash equivalents
528
74,214
134
Trade and other payables: amounts falling due within one
year
(104,766)
(547,617)
4
(104,632)
(473,403)
Net current liabilities
Total assets less current liabilities
(16,090)
(4,086)
(16,090)
Net liabilities
(4,086)
Capital and reserves
Called up share capital
1
1
Retained earnings
(16,091)
(4,087)
(16,090)
(4,086)
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J Read Director
These financial statements were approved and authorised for issue by the Board on 31 July 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 October 2023
Diss Business Park Properties Limited
Notes to the Financial Statements
Statutory Information
Diss Business Park Properties Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 11607582.
Registered address:
20B Upstairs Diss Business Park Hopper Way
Sandy Lane
Diss
Norfolk
IP22 4GT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Investment property
Investment property which is held to earn rentals and/or for capital appreciation, is initially recognised at cost, whichincludes purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at thereporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
Going Concern
At 31 October 2023, the company had net current liabilities of £473,403 (2022 - £104,632) and net liabilites of
£16,090 (2022 - £4,086). The directors have considered the availability of working capital at 31 October 2023
together with the continued support from the company's shareholders and connected businesses, and is of the
opinion that this will be sufficient to enable the company to continue operating for at least the 12 months from the
date of signing these accounts, and pay its debts as they fall due. The directors have therefore concluded that the
accounts should be prepared on a going concern basis.
2. Investment property
Total
£
Fair value
At 01 November 2022
100,546
Additions
356,767
At 31 October 2023
457,313
Net book value
At 31 October 2023
457,313
At 31 October 2022
100,546
Investment property comprises of one property. During the year construction work began to refurbish the property in order that it can earn rentals in the future. Construction costs in the year to 31 October 2023 totalled £356,767 and are included in additions. The directors are of the opinion that the fair value of the property at 31 October 2023 was £457,313 on the basis that construction was ongoing and this was the fair value based on existing use.
2 of 3
5
For the year ended 31 October 2023
Diss Business Park Properties Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Other debtors
73,686
3
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
371,352
-
Other creditors
176,265
104,766
547,617
104,766
5. Related party transactions
During the year the company received loans from a company under common control of one of the directors, totalling
£71,480. The loans were provided interest free and are repayable on demand. The balance outstanding at the year
end was £175,813 (2022: £104,333) and is included in Other Creditors in note 4 to the accounts.
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
3 of 3