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REGISTERED NUMBER: 12112608 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

D & S RESIDENTIAL LIMITED

D & S RESIDENTIAL LIMITED (REGISTERED NUMBER: 12112608)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & S RESIDENTIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D P Geere
S Delsignore





REGISTERED OFFICE: Unit 5 The Glenmore Centre
Castle Road
Sittingbourne
Kent
ME10 3GL





REGISTERED NUMBER: 12112608 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

D & S RESIDENTIAL LIMITED (REGISTERED NUMBER: 12112608)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 290,000 280,000

CURRENT ASSETS
Debtors 5 166 43
Cash at bank 34,801 25,034
34,967 25,077
CREDITORS
Amounts falling due within one year 6 232,201 229,708
NET CURRENT LIABILITIES (197,234 ) (204,631 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,766

75,369

PROVISIONS FOR LIABILITIES 17,653 15,153
NET ASSETS 75,113 60,216

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings - non distributable 52,958 45,458
Retained earnings 22,151 14,754
75,113 60,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

D & S RESIDENTIAL LIMITED (REGISTERED NUMBER: 12112608)

BALANCE SHEET - continued
31 MARCH 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 6 August 2024 and were signed on its behalf by:





D P Geere - Director


D & S RESIDENTIAL LIMITED (REGISTERED NUMBER: 12112608)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

D & S Residential 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.

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.

Turnover represents net property rentals arising at the beginning of each calendar month.

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.

Investment properties are stated at fair value based on the valuation performed by D Geere, a director, with recent experience in the location and category of properties valued. The valuer used observable market prices adjusted as necessary for any difference in the future, location or condition of the specific properties

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised cost.

Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash.

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.


D & S RESIDENTIAL LIMITED (REGISTERED NUMBER: 12112608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023 280,000
Revaluations 10,000
At 31 March 2024 290,000
NET BOOK VALUE
At 31 March 2024 290,000
At 31 March 2023 280,000

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 2021 5,610
Valuation in 2022 25,000
Valuation in 2023 30,000
Valuation in 2024 10,000
Cost 219,390
290,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 219,390 219,390

The investment property was valued on an open market basis on 31 March 2024 by D Geere, a director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 166 43

D & S RESIDENTIAL LIMITED (REGISTERED NUMBER: 12112608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,687 1,593
Other creditors 230,514 228,115
232,201 229,708