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REGISTERED NUMBER: 05024145 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DECIMUS PROPERTY MANAGEMENT LIMITED

DECIMUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05024145)

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


DECIMUS PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Fasulo
M Lombardi





REGISTERED OFFICE: 16 Collie Drive
Kingsnorth
Ashford
Kent
TN23 3GR





REGISTERED NUMBER: 05024145 (England and Wales)





ACCOUNTANTS: Stonebridge Associates
Lambden House
Lambden Road
Pluckley
Kent
TN27 0RB

DECIMUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05024145)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 158
Investment property 5 - 75,158
- 75,316

CURRENT ASSETS
Debtors 6 - 6,529
Cash at bank 100,259 27,405
100,259 33,934
CREDITORS
Amounts falling due within one year 7 3,778 154
NET CURRENT ASSETS 96,481 33,780
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,481

109,096

CREDITORS
Amounts falling due after more than one year 8 - (61,725 )

PROVISIONS FOR LIABILITIES 10 - (30 )
NET ASSETS 96,481 47,341

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 96,382 47,242
SHAREHOLDERS' FUNDS 96,481 47,341

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.

DECIMUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05024145)

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 23 September 2024 and were signed on its behalf by:





P Fasulo - Director


DECIMUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05024145)

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


1. STATUTORY INFORMATION

Decimus Property Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

DECIMUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05024145)

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 600
Disposals (600 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 442
Charge for year 31
Eliminated on disposal (473 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 158

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 75,158
Disposals (75,158 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 75,158

The directors considered the original cost of the properties to not be to too significantly different from the current market valuation.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 6,529

DECIMUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05024145)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 3,253 -
Other creditors 525 154
3,778 154

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 61,725

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans - 61,725

The bank loans are secured over the long leasehold properties held.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax - 30

Deferred
tax
£   
Balance at 1 April 2023 30
Provided during year (30 )
Balance at 31 March 2024 -

DECIMUS PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05024145)

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


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
P Fasulo and M Lombardi
Balance outstanding at start of year 6,529 -
Amounts advanced - 6,529
Amounts repaid (6,529 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,529

12. RELATED PARTY DISCLOSURES

Mr P Fasulo and Mrs M Lombardi - Directors and Shareholders

At the balance sheet date the company owed the directors £525. (2022 - the directors owed the company £6,529).

13. ULTIMATE CONTROLLING PARTY

The controlling party is M Lombardi.