Registered number
04782743
DALSTON PROPERTIES LIMITED
Filleted Accounts
30 November 2023
DALSTON PROPERTIES LIMITED
Registered number: 04782743
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 934 934
Current assets
Debtors 4 1,617,145 1,617,146
Cash at bank and in hand 10,149 10,371
1,627,294 1,627,517
Creditors: amounts falling due within one year 5 (1,864) (2,156)
Net current assets 1,625,430 1,625,361
Total assets less current liabilities 1,626,364 1,626,295
Creditors: amounts falling due after more than one year 6 (1,345,480) (1,345,468)
Net assets 280,884 280,827
Capital and reserves
Called up share capital 100 100
Profit and loss account 280,784 280,727
Shareholders' funds 280,884 280,827
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
H Cohen
Director
Approved by the board on 28 August 2024
DALSTON PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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.
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:
Freehold buildings over 50 years
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 934
At 30 November 2023 934
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 934
At 30 November 2022 934
4 Debtors 2023 2022
£ £
Trade debtors 8,865 8,865
Intercompany accounts 1,608,280 1,608,280
Other debtors - 1
1,617,145 1,617,146
5 Creditors: amounts falling due within one year 2023 2022
£ £
Directors account 87 87
Taxation and social security costs 1,417 1,417
Other creditors 360 652
1,864 2,156
6 Creditors: amounts falling due after one year 2023 2022
£ £
Intercompany accounts 1,345,468 1,345,468
Other creditors 12 -
1,345,480 1,345,468
7 Other information
DALSTON PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
179 Torridon Road
London
SE6 1RG
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