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REGISTERED NUMBER: 12978719 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

DAGI PORTFOLIO LIMITED

DAGI PORTFOLIO LIMITED (REGISTERED NUMBER: 12978719)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAGI PORTFOLIO LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Miss D A Garrett
J C Spearing





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 12978719 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

DAGI PORTFOLIO LIMITED (REGISTERED NUMBER: 12978719)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 10,070,520 10,070,520

CURRENT ASSETS
Debtors 5 151,413 41,973
Cash at bank and in hand 100,036 85,416
251,449 127,389
CREDITORS
Amounts falling due within one year 6 203,590 142,859
NET CURRENT ASSETS/(LIABILITIES) 47,859 (15,470 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,118,379

10,055,050

CREDITORS
Amounts falling due after more than one
year

7

4,790,000

4,790,000
NET ASSETS 5,328,379 5,265,050

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 5,362,403 5,362,403
Retained earnings (34,224 ) (97,553 )
5,328,379 5,265,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

DAGI PORTFOLIO LIMITED (REGISTERED NUMBER: 12978719)

Balance Sheet - continued
30 April 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 23 July 2024 and were signed on its behalf by:





J C Spearing - Director


DAGI PORTFOLIO LIMITED (REGISTERED NUMBER: 12978719)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Dagi Portfolio 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.

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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 10,070,520
NET BOOK VALUE
At 30 April 2024 10,070,520
At 30 April 2023 10,070,520

DAGI PORTFOLIO LIMITED (REGISTERED NUMBER: 12978719)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,350 3,025
Amounts owed by associates 130,000 20,000
Other debtors 20,063 18,948
151,413 41,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 65,563 51,815
Taxation and social security 17,731 4,343
Other creditors 120,296 86,701
203,590 142,859

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 4,790,000 4,790,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 4,790,000 4,790,000

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 4,790,000 4,790,000

The bank loan is secured on a fixed and floating charge over all the company's assets. The directors have given a personal guarantee of £451,000 to the bank.