Diss Business Park Properties Limited |
Registered Number:11607582 |
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
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
Diss Business Park Properties Limited
Statement of Financial Position
2022
2023
2
457,313
100,546
457,313
100,546
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)
1
1
(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. |
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 |
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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. |
20B Upstairs Diss Business Park Hopper Way
Sandy Lane
Diss
Norfolk
IP22 4GT
The presentation currency is £ sterling. |
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. |
100,546
356,767
457,313
457,313
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. |
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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
73,686
3
4. Trade and other payables: amounts falling due within one year |
2022
2023
371,352
-
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)
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