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Registered number: 10172704
DSP Property Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
PAS Business Solutions
17 Hillside
Shire Oak
Walsall
West Midlands
WS8 7AF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 10172704
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,597,500 1,427,500
1,597,500 1,427,500
CURRENT ASSETS
Cash at bank and in hand 1,788 642
1,788 642
Creditors: Amounts Falling Due Within One Year 5 (6,361 ) (7,584 )
NET CURRENT ASSETS (LIABILITIES) (4,573 ) (6,942 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,592,927 1,420,558
Creditors: Amounts Falling Due After More Than One Year 6 (1,511,763 ) (1,359,230 )
NET ASSETS 81,164 61,328
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 81,163 61,327
SHAREHOLDERS' FUNDS 81,164 61,328
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dale Preston
Director
11/09/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
DSP Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10172704 . The registered office is 102 Darnick Road, Sutton Coldfield, B73 6PG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 1,427,500
Additions 170,000
As at 31 March 2024 1,597,500
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,961 5,184
Accruals and deferred income 400 400
Director's loan account 1,000 2,000
6,361 7,584
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 1,511,763 1,359,230
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3