Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Daryl Andrew Jones 09/08/2017 Linda Jane Jones 09/08/2017 30 September 2024 The principal activity of the business during the financial year was property rental. 10907770 2024-03-31 10907770 bus:Director1 2024-03-31 10907770 bus:Director2 2024-03-31 10907770 2023-03-31 10907770 core:CurrentFinancialInstruments 2024-03-31 10907770 core:CurrentFinancialInstruments 2023-03-31 10907770 core:Non-currentFinancialInstruments 2024-03-31 10907770 core:Non-currentFinancialInstruments 2023-03-31 10907770 core:ShareCapital 2024-03-31 10907770 core:ShareCapital 2023-03-31 10907770 core:RetainedEarningsAccumulatedLosses 2024-03-31 10907770 core:RetainedEarningsAccumulatedLosses 2023-03-31 10907770 core:OfficeEquipment 2023-03-31 10907770 core:OfficeEquipment 2024-03-31 10907770 bus:OrdinaryShareClass1 2024-03-31 10907770 bus:OrdinaryShareClass2 2024-03-31 10907770 2023-04-01 2024-03-31 10907770 bus:FilletedAccounts 2023-04-01 2024-03-31 10907770 bus:SmallEntities 2023-04-01 2024-03-31 10907770 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10907770 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10907770 bus:Director1 2023-04-01 2024-03-31 10907770 bus:Director2 2023-04-01 2024-03-31 10907770 core:OfficeEquipment core:TopRangeValue 2023-04-01 2024-03-31 10907770 2022-04-01 2023-03-31 10907770 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 10907770 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10907770 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10907770 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 10907770 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10907770 (England and Wales)

D L J PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

D L J PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

D L J PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
D L J PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 4 1,162,067 1,162,067
1,162,067 1,162,067
Current assets
Cash at bank and in hand 9,539 7,094
9,539 7,094
Creditors: amounts falling due within one year 5 ( 29,757) ( 9,187)
Net current liabilities (20,218) (2,093)
Total assets less current liabilities 1,141,849 1,159,974
Creditors: amounts falling due after more than one year 6 ( 1,555,916) ( 1,564,917)
Net liabilities ( 414,067) ( 404,943)
Capital and reserves
Called-up share capital 7 4 4
Profit and loss account ( 414,071 ) ( 404,947 )
Total shareholders' deficit ( 414,067) ( 404,943)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of D L J Properties Limited (registered number: 10907770) were approved and authorised for issue by the Board of Directors on 30 September 2024. They were signed on its behalf by:

Daryl Andrew Jones
Director
D L J PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
D L J PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D L J Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Litmarsh Farm, Marden, Hereford, HR1 3EZ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £414,067. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 April 2023 3,098 3,098
At 31 March 2024 3,098 3,098
Accumulated depreciation
At 01 April 2023 3,098 3,098
At 31 March 2024 3,098 3,098
Net book value
At 31 March 2024 0 0
At 31 March 2023 0 0

4. Investment property

Investment property
£
Valuation
As at 01 April 2023 1,162,067
As at 31 March 2024 1,162,067

Assumptions

These assumptions were arrived at taking account of information and advice from external property consultants, in-house property experts, publicly available data and judgement. A significant level of uncertainty exists in relation to these assumptions and any changes in these assumptions could have a material impact on the carrying value of Investment Property in the financial statements. The 2024 valuations were made by the directors, on an open market value for existing use basis.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 29,757 9,187

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

2024 2023
£ £
Amounts owed to directors 1,555,916 1,564,917

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary A shares of £ 1.00 each 2 2
2 Ordinary B shares of £ 1.00 each 2 2
4 4

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to directors 1,555,916 1,564,918

The amounts are interest free and there is no fixed date for repayment.