Registered number
12205217
DDA INVESTMENTS LTD
Filleted Accounts
30 September 2023
DDA INVESTMENTS LTD
Registered number: 12205217
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 230,000 202,781
Current assets
Debtors 4 1,310 1,560
Cash at bank and in hand 4,080 1,028
5,390 2,588
Creditors: amounts falling due within one year 5 (37,278) (44,675)
Net current liabilities (31,888) (42,087)
Total assets less current liabilities 198,112 160,694
Creditors: amounts falling due after more than one year 6 (172,465) (161,707)
Provisions for liabilities (10,133) (4,961)
Net assets 15,514 (5,974)
Capital and reserves
Called up share capital 10 10
Revaluation reserve 7 43,197 21,150
Profit and loss account (27,693) (27,134)
Shareholder's funds 15,514 (5,974)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr David Grant
Director
Approved by the board on 24 September 2024
DDA INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2022 202,781
Surplus on revaluation 27,219
At 30 September 2023 230,000
Depreciation
At 30 September 2023 -
Net book value
At 30 September 2023 230,000
At 30 September 2022 202,781
4 Debtors 2023 2022
£ £
Other debtors 1,310 1,560
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 37,278 44,675
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 172,465 161,707
7 Revaluation reserve 2023 2022
£ £
At 1 October 2022 21,150 21,150
Gain on revaluation of land and buildings 27,219 -
Deferred taxation arising on the revaluation of land and buildings (5,172) -
At 30 September 2023 43,197 21,150
8 Controlling party
The ultimate controlling party of the company, by virtue of the shares held, is Mr David Grant.
9 Other information
DDA INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
77 Swallow Crescent
Ravenshead
Nottingham
England
NG15 9JN
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