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REGISTERED NUMBER: 04218078 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

DJM PROPERTIES LIMITED

DJM PROPERTIES LIMITED (REGISTERED NUMBER: 04218078)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 4


DJM PROPERTIES LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2024







Directors: J A Americanos
Mrs M Molinaro





Registered office: Unit 2
32-34 Station Close
Potters Bar
Hertfordshire
EN6 1TL





Registered number: 04218078 (England and Wales)





Accountants: JOHN ALEXANDER LIMITED
Chartered Certified Accountants &
Statutory Auditor
Unit 2, 32-34 Station Close
Potters Bar
Hertfordshire
EN6 1TL

DJM PROPERTIES LIMITED (REGISTERED NUMBER: 04218078)

STATEMENT OF FINANCIAL POSITION
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 900,000 900,000

Current assets
Cash at bank 4,804 2,109

Creditors
Amounts falling due within one year 5 51,867 6,149
Net current liabilities (47,063 ) (4,040 )
Total assets less current liabilities 852,937 895,960

Creditors
Amounts falling due after more than one
year

6

933,130

940,793
Net liabilities (80,193 ) (44,833 )

Capital and reserves
Called up share capital 1,500 1,500
Revaluation reserve 8 334,798 334,798
Retained earnings (416,491 ) (381,131 )
Shareholders' funds (80,193 ) (44,833 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

DJM PROPERTIES LIMITED (REGISTERED NUMBER: 04218078)

STATEMENT OF FINANCIAL POSITION - continued
31 May 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





J A Americanos - Director


DJM PROPERTIES LIMITED (REGISTERED NUMBER: 04218078)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024

1. Statutory information

DJM 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. 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.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
a) Turnover consists of rents receivable.

b) Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transfered to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This is in accordance with the FRSSE which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Tangible fixed assets
No depreciation has been provided on Freehold Property and improvements to Property as, in the opinion of the directors the buildings are maintained to a high standard and their market values are in excess of the original cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


DJM PROPERTIES LIMITED (REGISTERED NUMBER: 04218078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024

2. Accounting policies - continued
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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

3. Employees and directors

The average number of employees during the year was NIL (2023 - 1 ).

4. Tangible fixed assets
Improvements
Freehold to
property property Totals
£    £    £   
Cost or valuation
At 1 June 2023
and 31 May 2024 217,357 682,643 900,000
Net book value
At 31 May 2024 217,357 682,643 900,000
At 31 May 2023 217,357 682,643 900,000

Cost or valuation at 31 May 2024 is represented by:

Improvements
Freehold to
property property Totals
£    £    £   
Valuation in 2010 183,018 - 183,018
Valuation in 2012 34,339 - 34,339
Cost - 682,643 682,643
217,357 682,643 900,000

DJM PROPERTIES LIMITED (REGISTERED NUMBER: 04218078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024

4. Tangible fixed assets - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 183,018 183,018

Value of land in freehold land and buildings 183,018 183,018

Freehold land and buildings were valued on an open market basis on 30 June 2019 by Mark Cohen MRICS RICS registered valuer .

5. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loan 11,700 -
Bank loan 40,000 -
Trade creditors 167 149
Accrued expenses - 6,000
51,867 6,149

6. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans more 5 yrs non-inst - 295,001
Bank loan 207,037 207,037
Bank loan 6,042 8,679
Bank loan 40,200 34,001
Directors' loans 298,051 14,975
Inter company 381,800 381,100
933,130 940,793

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 295,001
Bank loan 207,037 207,037
Bank loan 6,042 8,679
Bank loan 40,200 34,001
253,279 544,718

DJM PROPERTIES LIMITED (REGISTERED NUMBER: 04218078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024

7. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 253,279 544,718

The bank loan is secured by a charge on the property.

8. Reserves
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 334,798