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REGISTERED NUMBER: 04317951 (England and Wales)















DAPS (Properties) Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






DAPS (Properties) Limited (Registered number: 04317951)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


DAPS (Properties) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs S A Hunt
A J Skyrme
P J Skyrme
D E Skyrme



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 04317951 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: HSBC Bank plc
30 High Street
Weston-super-Mare
North Somerset
BS23 1JE

DAPS (Properties) Limited (Registered number: 04317951)

Abridged Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 750,000 750,000

CURRENT ASSETS
Debtors 7,104 1,076
Cash at bank 20,626 34,974
27,730 36,050
CREDITORS
Amounts falling due within one year 15,624 18,313
NET CURRENT ASSETS 12,106 17,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

762,106

767,737

CAPITAL AND RESERVES
Called up share capital 33,000 33,000
Share premium 417,000 417,000
Investment revaluation reserve 6 279,900 279,900
Retained earnings 32,206 37,837
SHAREHOLDERS' FUNDS 762,106 767,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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

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 Statement of Financial Position for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

DAPS (Properties) Limited (Registered number: 04317951)

Abridged Statement of Financial Position - continued
30 November 2023



The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Mrs S A Hunt - Director


DAPS (Properties) Limited (Registered number: 04317951)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

DAPS (Properties) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

DAPS (Properties) Limited (Registered number: 04317951)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 750,000
NET BOOK VALUE
At 30 November 2023 750,000
At 30 November 2022 750,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2009 750,000

If investment property had not been revalued it would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 470,100 470,100

Investment property was valued on an open market basis on 30 November 2023 by the Directors .

6. RESERVES
Investment
revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 279,900

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S A Hunt.

The above director controlled the company throughout the current and previous period, by virtue of her share ownership and her involvement in the day to day running of the company.