Registered number
11689440
DLB Investments Ltd
Filleted Accounts
31 May 2024
DLB Investments Ltd
Company Information
Director
D L Blake
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered number
11689440
DLB Investments Ltd
Registered number: 11689440
Balance Sheet
as at 31 May 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 470,395 278,829
Investments 4 18,196 -
488,591 278,829
Current assets
Cash at bank and in hand 4,885 3,514
Net current assets 4,885 3,514
Total assets less current liabilities 493,476 282,343
Creditors: amounts falling due after more than one year 5 (442,029) (288,008)
Net assets/(liabilities) 51,447 (5,665)
Capital and reserves
Called up share capital 1 1
Revaluation reserve 6 56,679 -
Profit and loss account (5,233) (5,666)
Shareholder's funds 51,447 (5,665)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D L Blake
Director
Approved by the board on 30 June 2024
DLB Investments Ltd
Notes to the Accounts
for the period from 1 December 2022 to 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings nil
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 1 December 2022 270,075 9,688 279,763
Additions 139,141 - 139,141
Surplus on revaluation 56,679 - 56,679
At 31 May 2024 465,895 9,688 475,583
Depreciation
At 1 December 2022 - 934 934
Charge for the period - 4,254 4,254
At 31 May 2024 - 5,188 5,188
Net book value
At 31 May 2024 465,895 4,500 470,395
At 30 November 2022 270,075 8,754 278,829
4 Investments
Other
investments
£
Cost
Additions 18,196
At 31 May 2024 18,196
5 Creditors: amounts falling due after one year 2024 2022
£ £
Mortgages 275,990 188,980
Intercompany loan 91,476 18,976
Directors loan 74,563 80,052
442,029 288,008
6 Revaluation reserve 2024 2022
£ £
Gain on revaluation of land and buildings 56,679 -
At 31 May 2024 56,679 -
7 Controlling party
The company is controlled by the director.
8 Other information
DLB Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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