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REGISTERED NUMBER: 11023017 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Daks Property Ltd

Daks Property Ltd (Registered number: 11023017)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Daks Property Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: N Ruparelia
D Ruparelia





REGISTERED OFFICE: 180 Irchester Road
Rushden
Northamptonshire
NN10 9QU





REGISTERED NUMBER: 11023017 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

Daks Property Ltd (Registered number: 11023017)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,063,609 3,092,736

CURRENT ASSETS
Debtors 5 304,102 129,985
Cash at bank 30,627 2,087
334,729 132,072
CREDITORS
Amounts falling due within one year 6 1,499,440 1,241,951
NET CURRENT LIABILITIES (1,164,711 ) (1,109,879 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,898,898

1,982,857

CREDITORS
Amounts falling due after more than one
year

7

1,245,526

1,413,485
NET ASSETS 653,372 569,372

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 652,372 568,372
653,372 569,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Daks Property Ltd (Registered number: 11023017)

Balance Sheet - continued
30 September 2023


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 25 September 2024 and were signed on its behalf by:





N Ruparelia - Director


Daks Property Ltd (Registered number: 11023017)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Daks Property Ltd 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.

Turnover
Turnover represents rents receivable from the company's property assets, exclusive of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% straight line

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2022 - 2 ) .

Daks Property Ltd (Registered number: 11023017)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 October 2022 3,273,628
Additions 8,300
At 30 September 2023 3,281,928
DEPRECIATION
At 1 October 2022 180,892
Charge for year 37,427
At 30 September 2023 218,319
NET BOOK VALUE
At 30 September 2023 3,063,609
At 30 September 2022 3,092,736

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 304,101 129,871
Other debtors 1 114
304,102 129,985

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 167,959 167,959
Trade creditors 3,298 -
Amounts owed to associates 1,104,825 944,086
Taxation and social security 58,383 55,773
Other creditors 164,975 74,133
1,499,440 1,241,951

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,245,526 1,413,485

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yrs 573,689 741,648

Daks Property Ltd (Registered number: 11023017)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
D Ruparelia and N Ruparelia
Balance outstanding at start of year - 35,937
Amounts advanced 106,345 70,348
Amounts repaid (106,500 ) (106,285 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (155 ) -