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REGISTERED NUMBER: 10678221 (England and Wales)















DSMM PROPERTY HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






DSMM PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10678221)

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


DSMM PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S A Plant
D A Plant





REGISTERED OFFICE: Unit 8 Sea King Drive
Fountain Court
Doncaster International Business Park
Doncaster
South Yorkshire
DN9 3QR





REGISTERED NUMBER: 10678221 (England and Wales)






DSMM PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10678221)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,398 9,710
Investment property 5 395,000 395,000
400,398 404,710

CURRENT ASSETS
Cash at bank 2,670 3,272

CREDITORS
Amounts falling due within one year 6 80,578 86,550
NET CURRENT LIABILITIES (77,908 ) (83,278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,490

321,432

CREDITORS
Amounts falling due after more than one
year

7

(273,629

)

(284,708

)

PROVISIONS FOR LIABILITIES (6,874 ) (7,694 )
NET ASSETS 41,987 29,030

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 24,934 24,934
Retained earnings 16,953 3,996
41,987 29,030

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 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.

DSMM PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10678221)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:




D A Plant - Director



S A Plant - Director


DSMM PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10678221)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Dsmm Property Holdings 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 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 (2023 - 2 ) .

DSMM PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10678221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 26,256
Disposals (12,206 )
At 31 March 2024 14,050
DEPRECIATION
At 1 April 2023 16,546
Charge for year 2,427
Eliminated on disposal (10,321 )
At 31 March 2024 8,652
NET BOOK VALUE
At 31 March 2024 5,398
At 31 March 2023 9,710

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 395,000
NET BOOK VALUE
At 31 March 2024 395,000
At 31 March 2023 395,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 300,721
Valuation in 2019 30,000
Valuation in 2020 63,495
Valuation in 2022 784
395,000

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

2024 2023
£    £   
Cost 364,217 364,217

Investment property was valued on an open market basis on 31 March 2024 by the company director .

DSMM PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 10678221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,720 10,720
Trade creditors 4,601 1,157
Taxation and social security 2,941 3,381
Other creditors 62,316 71,292
80,578 86,550

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 273,629 284,708

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs 257,363 257,363

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 257,363 257,363

The bank loans are secured on the freehold property.