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REGISTERED NUMBER: 09262634 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

DP PROJECTS LIMITED

DP PROJECTS LIMITED (REGISTERED NUMBER: 09262634)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Abridged Statement of Financial Position 1

Notes to the Financial Statements 3


DP PROJECTS LIMITED (REGISTERED NUMBER: 09262634)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
£    £   
CURRENT ASSETS
Stocks - 187,835
Debtors 5 239,521
Cash at bank 304 7,683
309 435,039
CREDITORS
Amounts falling due within one year 6,984 284,489
NET CURRENT (LIABILITIES)/ASSETS (6,675 ) 150,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,675

)

150,550

CAPITAL AND RESERVES
Called up share capital 3 3
Share premium 297 297
Retained earnings (6,975 ) 150,250
SHAREHOLDERS' FUNDS (6,675 ) 150,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

DP PROJECTS LIMITED (REGISTERED NUMBER: 09262634)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2023


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 Income Statement and an abridged Statement of Financial Position for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19th September 2024 and were signed on its behalf by:




T Sharif - Director



S D Sharif - Director


DP PROJECTS LIMITED (REGISTERED NUMBER: 09262634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

DP Projects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09262634

Registered office: Unit F4 Bluegate Park
Hubert Road
Brentwood
Essex
CM14 4JE

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks which comprise of development properties are valued at the lower of cost and estimated net realisable value.

Stock includes principally the property cost, construction costs, project management costs and all associated costs incurred during the course of development. Net realisable value is the price at which the stock can be realised in the normal course of business, less further costs to completion of sale. Interest and loan arrangement fees payable to acquire properties for resale is written off as incurred.

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.

3. EMPLOYEES AND DIRECTORS

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

DP PROJECTS LIMITED (REGISTERED NUMBER: 09262634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. RELATED PARTY DISCLOSURES

The company a wholly owned subsidiary of KTS Global Limited, a company registered in England & Wales.

The ultimate controlling parties are the directors and Sharif family members