DABART LIMITED

Company Registration Number:
SC169972 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

DABART LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes

DABART LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 250,000 220,000
Total fixed assets: 250,000 220,000
Current assets
Stocks:   0 0
Debtors: 4 24,163 26,035
Cash at bank and in hand: 5,122 72
Investments:   0 0
Total current assets: 29,285 26,107
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 14,370 ) ( 19,095 )
Net current assets (liabilities): 14,915 7,012
Total assets less current liabilities: 264,915 227,012
Creditors: amounts falling due after more than one year: 6 ( 68,525 ) ( 70,522 )
Provision for liabilities: ( 7,600 ) 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 188,790 156,490
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 188,690 156,390
Total Shareholders' funds: 188,790 156,490

The notes form part of these financial statements

DABART LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: David Barnes
Status: Director

The notes form part of these financial statements

DABART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue recognised in the financial statements is rental income generated from the investment property.

    Other accounting policies

    Investment Property Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit or loss. 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.

DABART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

DABART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed assets investments note

Investment Property Valuation At 1 January 2023 £220,000 Revaluation £30,000 At 31 December 2023 £250,000 The directors' have reviewed the valuation and are satisfied that it represents current market valuation.

DABART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Other debtors 24,163 26,035
Total 24,163 26,035

DABART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 8,501 14,952
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 2,557 2,143
Accruals and deferred income 960 0
Other creditors 2,352 2,000
Total 14,370 19,095

DABART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 68,525 70,522
Total 68,525 70,522