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REGISTERED NUMBER: SC641198 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

DP Alliance Ltd

DP Alliance Ltd (Registered number: SC641198)






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


DP Alliance Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Guy M Duman





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC641198 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

DP Alliance Ltd (Registered number: SC641198)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 560,000 500,000

CURRENT ASSETS
Debtors 5 - 2,000
Cash at bank 103 573
103 2,573
CREDITORS
Amounts falling due within one year 6 3,764 17,216
NET CURRENT LIABILITIES (3,661 ) (14,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,339

485,357

CREDITORS
Amounts falling due after more than one
year

7

(420,492

)

(405,963

)

PROVISIONS FOR LIABILITIES 9 (27,707 ) (16,333 )
NET ASSETS 108,140 63,061

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 118,259 69,633
Retained earnings (10,219 ) (6,672 )
SHAREHOLDERS' FUNDS 108,140 63,061

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 director acknowledges his 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.

DP Alliance Ltd (Registered number: SC641198)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2024 and were signed by:





Mr Guy M Duman - Director


DP Alliance Ltd (Registered number: SC641198)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

DP Alliance Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising
from changes in the fair value is recorded in the statement of comprehensive income.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

DP Alliance Ltd (Registered number: SC641198)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 500,000
Revaluations 60,000
At 31 March 2024 560,000
NET BOOK VALUE
At 31 March 2024 560,000
At 31 March 2023 500,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 60,828
Valuation in 2022 25,138
Valuation in 2024 60,000
Cost 414,034
560,000

If investment properties had not been revalued they would have been included at the following historical cost £414,034 (2023: £414,034). Investment properties were professionally valued on 31 March 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 2,000

DP Alliance Ltd (Registered number: SC641198)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 3,764 17,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 420,492 405,963

Amounts falling due in more than five years:

Repayable by instalments
Mortgages 277,792 275,963

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 277,792 275,963

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,707 16,333

Deferred
tax
£   
Balance at 1 April 2023 16,333
Provided during year 11,374
Balance at 31 March 2024 27,707

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

DP Alliance Ltd (Registered number: SC641198)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Guy M Duman.