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REGISTERED NUMBER: 00434292 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

D.L.C.ESTATES,LIMITED

D.L.C.ESTATES,LIMITED (REGISTERED NUMBER: 00434292)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

D.L.C.ESTATES,LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J.C. Chapman
K.J. Chapman
S.J. Chapman





SECRETARY: J.C. Chapman





REGISTERED OFFICE: Scots Craig
3 Hillcrest Waye
Gerrards Cross
Buckinghamshire
SL9 8DN





REGISTERED NUMBER: 00434292 (England and Wales)





ACCOUNTANTS: Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ

D.L.C.ESTATES,LIMITED (REGISTERED NUMBER: 00434292)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,402 4,947
Investment property 5 4,493,484 4,493,484
4,497,886 4,498,431

CURRENT ASSETS
Debtors 6 84,631 114,631
Cash at bank 27,413 47,623
112,044 162,254
CREDITORS
Amounts falling due within one year 7 38,053 117,005
NET CURRENT ASSETS 73,991 45,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,571,877

4,543,680

PROVISIONS FOR LIABILITIES 566,967 566,967
NET ASSETS 4,004,910 3,976,713

CAPITAL AND RESERVES
Called up share capital 5,123 5,123
Fair value reserve 8 3,059,763 3,059,763
Retained earnings 940,024 911,827
SHAREHOLDERS' FUNDS 4,004,910 3,976,713

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.

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 13 August 2024 and were signed on its behalf by:





K.J. Chapman - Director


D.L.C.ESTATES,LIMITED (REGISTERED NUMBER: 00434292)

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

1. STATUTORY INFORMATION

D.L.C.Estates,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 represents the rental income during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% 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 3 (2023 - 3 ) .

D.L.C.ESTATES,LIMITED (REGISTERED NUMBER: 00434292)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 142,521
Additions 555
At 31 March 2024 143,076
DEPRECIATION
At 1 April 2023 137,574
Charge for year 1,100
At 31 March 2024 138,674
NET BOOK VALUE
At 31 March 2024 4,402
At 31 March 2023 4,947

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 4,493,484
NET BOOK VALUE
At 31 March 2024 4,493,484
At 31 March 2023 4,493,484

Fair value at 31 March 2024 is represented by:
£   
Valuation in 1994 469,423
Valuation in 2020 2,957,307
Valuation in 2022 200,000
Cost 866,754
4,493,484

Investment properties were valued on an open market basis on 31 March 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 84,631 114,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 10,821 5,773
Other creditors 27,232 111,232
38,053 117,005

D.L.C.ESTATES,LIMITED (REGISTERED NUMBER: 00434292)

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

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 3,059,763

9. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by K.J. Chapman and J.C. Chapman.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
D.L.C.ESTATES,LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D.L.C.Estates,Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D.L.C.Estates,Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D.L.C.Estates,Limited and state those matters that we have agreed to state to the Board of Directors of D.L.C.Estates,Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D.L.C.Estates,Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D.L.C.Estates,Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D.L.C.Estates,Limited. You consider that D.L.C.Estates,Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D.L.C.Estates,Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ


13 August 2024