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DM AND JP Commercial Limited
Registered Number:04596616
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
DM AND JP Commercial Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04596616
As at 31 March 2024
DM AND JP Commercial Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
889,697
889,697
2
889,697
889,697
Current assets
9,431
Cash and cash equivalents
8,071
8,071
9,431
Trade and other payables: amounts falling due
within one year
(19,918)
(24,651)
3
(10,487)
(16,580)
Net current liabilities
Total assets less current liabilities
873,117
879,210
Trade and other payables: amounts falling due after
more than one year
(467,210)
(414,423)
4
458,694
Net assets
412,000
Capital and reserves
Called up share capital
100
100
Revaluation reserve
312,000
312,000
5
Retained earnings
146,594
99,900
458,694
412,000
Shareholders' funds
For the year ended 31 March 2024 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 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
04596616
For the year ended 31 March 2024
DM AND JP Commercial Limited
Statement of Financial Position Continued
Mr Jason David Pearce Director
Mr David Mills Director
These financial statements were approved and authorised for issue by the Board on 10 April 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
DM AND JP Commercial Limited
Notes to the Financial Statements
Statutory Information
DM AND JP Commercial Limited is a private limited company, limited by shares, domiciled in England
and Wales, registration number 04596616.
Registered address:
24 James Street West
Bath
BA1 2BT
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.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
The company''s freehold properties were professionally valued in 0. This valuation has been reduced
by subsequent depreciation. Under the transitional provisions of the Financial Reporting Standard for
Smaller Entities (effective January 2015) the properties continue to be stated at that valuation less
accumulated depreciation to date and that valuation has not been updated.
The company''s freehold properties are revalued in full every five years. Interim valuations are carried
out when it is likely that there has been a material change in value.
No depreciation is provided on the company''s freehold properties since in the opinion of the directors
the expected useful lives are sufficiently long and the estimated residual values are sufficiently high
that any such depreciation would be immaterial. The directors undertake an annual impairment
review of these properties.
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6
For the year ended 31 March 2024
DM AND JP Commercial Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Land and
buildings
£
Cost or
valuation
At 01 April 2023
889,697
At 31 March 2024
889,697
At 31 March 2024
Net book value
889,697
At 31 March 2023
889,697
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
14,277
9,544
Other creditors
10,374
10,374
24,651
19,918
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
145,000
220,000
Other creditors
269,423
247,210
414,423
467,210
5. Reserves
Total
£
Revaluation reserve at 01 April 2023
312,000
312,000
Revaluation reserve at 31 March 2024
6. Average number of persons employed
During the year the average number of employees was 0
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