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REGISTERED NUMBER: 10912612 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

D & D Commercial Property Limited

D & D Commercial Property Limited (Registered number: 10912612)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


D & D Commercial Property Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D G Hawkins
D P Cole





REGISTERED OFFICE: c/o Spencer Manufacturing Ltd
Sheet Road
Ludlow
Shropshire
SY8 1XF





REGISTERED NUMBER: 10912612 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

D & D Commercial Property Limited (Registered number: 10912612)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investment property 4 2,510,594 2,503,394

CURRENT ASSETS
Debtors 7,228 1,000
Cash at bank 233,253 42,672
240,481 43,672
CREDITORS
Amounts falling due within one year (148,654 ) (147,569 )
NET CURRENT ASSETS/(LIABILITIES) 91,827 (103,897 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,602,421 2,399,497

CREDITORS
Amounts falling due after more than one
year

(1,523,280

)

(1,276,972

)
NET ASSETS 1,079,141 1,122,525

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 6 905,696 905,696
Retained earnings 172,445 215,829
1,079,141 1,122,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

D & D Commercial Property Limited (Registered number: 10912612)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 July 2024 and were signed on its behalf by:





D G Hawkins - Director


D & D Commercial Property Limited (Registered number: 10912612)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

D & D Commercial Property 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 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.

Investment property
Investment property is initially recognised at cost and subsequently, for which fair value can be measured reliably without undue cost or effort, is measured at fair value at each reporting date with changes in fair value 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 2 (2022 - 2 ) .

D & D Commercial Property Limited (Registered number: 10912612)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,503,394
Additions 7,200
At 31 December 2023 2,510,594
NET BOOK VALUE
At 31 December 2023 2,510,594
At 31 December 2022 2,503,394

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 909,090
Valuation in 2022 1,601,504
2,510,594

5. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 1,619,999 1,372,501

The bank loan is secured by way of a first legal charge over the freehold property at Spencer Manufacturing,Ludlow Business Park, Ludlow, SY8 1XF and an unlimited debenture.

6. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 905,696

7. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £350 (2022: £350) due to the company from D Cole and an amount of £650 (2022: £650) due to the company from D Hawkins. D Cole and D Hawkins are directors of the company.

In the year the company received £127,500 (2022: £127,500) income from Spencer Manufacturing Limited. D Hawkins is a director in Spencer Manufacturing Limited.