IRIS Accounts Production v24.1.0.578 12440756 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124407562023-02-28124407562024-02-29124407562023-03-012024-02-29124407562022-02-28124407562022-03-012023-02-28124407562023-02-2812440756ns15:EnglandWales2023-03-012024-02-2912440756ns14:PoundSterling2023-03-012024-02-2912440756ns10:Director12023-03-012024-02-2912440756ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2912440756ns10:SmallEntities2023-03-012024-02-2912440756ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2912440756ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2912440756ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2912440756ns10:FullAccounts2023-03-012024-02-2912440756ns10:Director22023-03-012024-02-2912440756ns10:RegisteredOffice2023-03-012024-02-2912440756ns5:CurrentFinancialInstruments2024-02-2912440756ns5:CurrentFinancialInstruments2023-02-2812440756ns5:Non-currentFinancialInstruments2024-02-2912440756ns5:Non-currentFinancialInstruments2023-02-2812440756ns5:ShareCapital2024-02-2912440756ns5:ShareCapital2023-02-2812440756ns5:RevaluationReserve2024-02-2912440756ns5:RevaluationReserve2023-02-2812440756ns5:RetainedEarningsAccumulatedLosses2024-02-2912440756ns5:RetainedEarningsAccumulatedLosses2023-02-2812440756ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2912440756ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2812440756ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2912440756ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2812440756ns5:RevaluationReserve2023-02-28
REGISTERED NUMBER: 12440756 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

DAK'N'DEV LIMITED

DAK'N'DEV LIMITED (REGISTERED NUMBER: 12440756)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAK'N'DEV LIMITED

COMPANY INFORMATION
for the Year Ended 29TH FEBRUARY 2024







DIRECTORS: S Parmar
R Parmar





REGISTERED OFFICE: 13 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FW





REGISTERED NUMBER: 12440756 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

DAK'N'DEV LIMITED (REGISTERED NUMBER: 12440756)

BALANCE SHEET
29TH FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 780,000 800,000

CURRENT ASSETS
Debtors 5 193 -
Cash at bank 6,272 11,549
6,465 11,549
CREDITORS
Amounts falling due within one year 6 283,354 296,984
NET CURRENT LIABILITIES (276,889 ) (285,435 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,111

514,565

CREDITORS
Amounts falling due after more than one year 7 (314,180 ) (315,133 )

PROVISIONS FOR LIABILITIES (33,791 ) (37,591 )
NET ASSETS 155,140 161,841

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 177,848 197,848
Retained earnings (22,808 ) (36,107 )
155,140 161,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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.

DAK'N'DEV LIMITED (REGISTERED NUMBER: 12440756)

BALANCE SHEET - continued
29TH FEBRUARY 2024


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 5th August 2024 and were signed on its behalf by:





S Parmar - Director


DAK'N'DEV LIMITED (REGISTERED NUMBER: 12440756)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Dak'N'Dev 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 (£).


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.

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 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 2 (2023 - 2 ) .

DAK'N'DEV LIMITED (REGISTERED NUMBER: 12440756)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29TH FEBRUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023 800,000
Revaluations (20,000 )
At 29th February 2024 780,000
NET BOOK VALUE
At 29th February 2024 780,000
At 28th February 2023 800,000

Fair value at 29th February 2024 is represented by:
£   
Valuation in 2024 780,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 193 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 2,964 2,158
Other creditors 280,390 294,826
283,354 296,984

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 314,180 315,133

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 314,180 315,133

8. RESERVES
Revaluation
reserve
£   
At 1st March 2023 197,848
Revaluation (20,000 )

At 29th February 2024 177,848