1 March 2023 false No description of principal activity Taxfiler 2024.5 11200226business:PrivateLimitedCompanyLtd2023-03-012024-02-29 112002262023-02-28 112002262023-03-012024-02-29 11200226business:AuditExemptWithAccountantsReport2023-03-012024-02-29 11200226business:FilletedAccounts2023-03-012024-02-29 112002262024-02-29 11200226business:Director12023-03-012024-02-29 11200226business:RegisteredOffice2023-03-012024-02-29 112002262023-02-28 11200226core:WithinOneYear2024-02-29 11200226core:WithinOneYear2023-02-28 11200226core:AfterOneYear2024-02-29 11200226core:AfterOneYear2023-02-28 11200226core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 11200226core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11200226core:RevaluationReservecore:PreviouslyStatedAmount2024-02-29 11200226core:RevaluationReservecore:PreviouslyStatedAmount2023-02-28 11200226core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 11200226core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11200226core:PreviouslyStatedAmount2024-02-29 11200226core:PreviouslyStatedAmount2023-02-28 11200226business:SmallEntities2023-03-012024-02-29 11200226countries:EnglandWales2023-03-012024-02-29 11200226business:OrdinaryShareClass12023-03-012024-02-29 11200226business:OrdinaryShareClass12022-03-012023-02-28 112002262022-03-012023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11200226 (England and Wales)
DCD Property Services Ltd Unaudited accounts for the year ended 29 February 2024
DCD Property Services Ltd Unaudited accounts Contents
Page
- 2 -
DCD Property Services Ltd Company Information for the year ended 29 February 2024
Director
Daniel Thomas Difiori-Hughes
Company Number
11200226 (England and Wales)
Registered Office
107 KIRKGATE LEEDS LS1 6DP ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
- 3 -
DCD Property Services Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
240,000 
200,000 
Current assets
Debtors
- 
525 
Cash at bank and in hand
14,919 
19,710 
14,919 
20,235 
Creditors: amounts falling due within one year
(46,429)
(44,429)
Net current liabilities
(31,510)
(24,194)
Total assets less current liabilities
208,490 
175,806 
Creditors: amounts falling due after more than one year
(146,902)
(146,902)
Provisions for liabilities
Deferred tax
(13,497)
(5,897)
Net assets
48,091 
23,007 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
65,083 
32,683 
Profit and loss account
(16,994)
(9,678)
Shareholders' funds
48,091 
23,007 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2024 and were signed on its behalf by
Daniel Thomas Difiori-Hughes Director Company Registration No. 11200226
- 4 -
DCD Property Services Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
DCD Property Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11200226. The registered office is 107 KIRKGATE, LEEDS, LS1 6DP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
200,000 
Net gain from fair value adjustments
40,000 
At 29 February 2024
240,000 
The directors have agreed that the fair value of the investment properties are £200,000 (2022 £200,000)
- 5 -
DCD Property Services Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
525 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
24,544 
24,544 
Loans from directors
21,885 
19,885 
46,429 
44,429 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
146,902 
146,902 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -