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REGISTERED NUMBER: 05616081 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

D2D PROJECTS LIMITED

D2D PROJECTS LIMITED (REGISTERED NUMBER: 05616081)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D2D PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: S Kysel
T Kosa





REGISTERED OFFICE: 5 Oakwood Avenue
Mitcham
Surrey
CR4 3DQ





REGISTERED NUMBER: 05616081 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

D2D PROJECTS LIMITED (REGISTERED NUMBER: 05616081)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,673 1,931

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 100,442 105,095
Cash at bank 52,932 76,842
163,374 191,937
CREDITORS
Amounts falling due within one year 6 142,543 146,254
NET CURRENT ASSETS 20,831 45,683
TOTAL ASSETS LESS CURRENT LIABILITIES 22,504 47,614

CREDITORS
Amounts falling due after more than one year 7 14,442 32,482
NET ASSETS 8,062 15,132

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8,060 15,130
SHAREHOLDERS' FUNDS 8,062 15,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 7 August 2024 and were signed on its behalf by:





S Kysel - Director


D2D PROJECTS LIMITED (REGISTERED NUMBER: 05616081)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

D2D Projects 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.

Going concern
Due to the ongoing support of the company's principal shareholders the director believes that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational existence for the forseeable future.

If the company were unable to continue in operational existence for the forseeable future, adjustments would be necessary to reduce the balance sheet value of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

D2D PROJECTS LIMITED (REGISTERED NUMBER: 05616081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 43,425
Additions 298
At 30 November 2023 43,723
DEPRECIATION
At 1 December 2022 41,494
Charge for year 556
At 30 November 2023 42,050
NET BOOK VALUE
At 30 November 2023 1,673
At 30 November 2022 1,931

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,512 7,644
Amounts owed by group undertakings 81,768 84,712
Other debtors 8,162 12,739
100,442 105,095

D2D PROJECTS LIMITED (REGISTERED NUMBER: 05616081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,039 17,356
Trade creditors 9,061 20,969
Taxation and social security 26,133 29,377
Other creditors 89,310 78,552
142,543 146,254

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,442 32,482

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed T Kosa £46,228 (2022: £35,507). This loan is unsecured, non interest bearing and has no repayment terms.

At the balance sheet date the company owed S Kysel £36,805 (2022: £33,772). This loan is unsecured, non interest bearing and has no repayment terms.

9. RELATED PARTY DISCLOSURES

During the year the company paid dividends of £30,000 (2022 £5,000) to D2D Holdings Limited, the parent company of D2D Projects Limited.

At the balance sheet date the company was owed £80,192 (2022: £84,712) by D2D Holdings Limited. The loan is unsecured, non interest bearing and repayable on demand.

At the balance sheet date the company was owed £1,577 (2022: £583 was owed to TS Property Invest Limited) by TS Property Invest Limited. The loan is unsecured, non interest bearing and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The parent company D2D Holdings Limited is jointly controlled by the directors.