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Company Registration No. 07099053 (England and Wales)
Daisy's Property Management Limited Unaudited accounts for the year ended 31 December 2023
Daisy's Property Management Limited Unaudited accounts Contents
Page
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Daisy's Property Management Limited Company Information for the year ended 31 December 2023
Director
Zahoor Ahmed
Company Number
07099053 (England and Wales)
Registered Office
84 Quicks Road London SW19 1EX
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Daisy's Property Management Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,152 
- 
Investment property
10,945,597 
12,388,639 
Investments
2,616,850 
902,224 
13,576,599 
13,290,863 
Current assets
Debtors
2,055 
296,019 
Cash at bank and in hand
(7,391)
(325)
(5,336)
295,694 
Creditors: amounts falling due within one year
(728,366)
(740,955)
Net current liabilities
(733,702)
(445,261)
Total assets less current liabilities
12,842,897 
12,845,602 
Creditors: amounts falling due after more than one year
(7,808,174)
(7,659,480)
Provisions for liabilities
Deferred tax
(984,242)
(942,584)
Net assets
4,050,481 
4,243,538 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,050,381 
4,243,438 
Shareholders' funds
4,050,481 
4,243,538 
For the year ending 31 December 2023 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 17 August 2024 and were signed on its behalf by
Zahoor Ahmed Director Company Registration No. 07099053
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Daisy's Property Management Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Daisy's Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 07099053. The registered office is 84 Quicks Road, London, SW19 1EX.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% per anum
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Daisy's Property Management Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2023
- 
Additions
15,725 
At 31 December 2023
15,725 
Depreciation
Charge for the year
1,573 
At 31 December 2023
1,573 
Net book value
At 31 December 2023
14,152 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
12,388,639 
Additions
304,747 
Net loss from fair value adjustments
(1,747,789)
At 31 December 2023
10,945,597 
The director has assessed the assets of the company and concluded that they meet the definition of investment properties under FRS102. In accordance with the provisions of FRS102, these have been revalued and the income taken through the income statement.
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
902,224 
Additions
186,091 
Fair value adjustments
1,528,535 
Valuation at 31 December 2023
2,616,850 
The amount of £2,616850.00 represents market value of investment in Daisy Investment Property Ltd, Virtue Properties and Daisy's Ground Rent Ltd
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,055 
3,387 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
- 
292,632 
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Daisy's Property Management Limited Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
399,077 
391,678 
VAT
(2,853)
(2,791)
Trade creditors
38,956 
83,814 
Amounts owed to group undertakings and other participating interests
2,444 
- 
Taxes and social security
- 
8,509 
Other creditors
284,515 
245,118 
Accruals
6,227 
14,627 
728,366 
740,955 
The loans are secured by charges over the company assets
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,466,263 
5,599,063 
Other creditors
65,705 
67,703 
Loans from directors
2,272,636 
1,992,714 
Deferred income
3,570 
- 
7,808,174 
7,659,480 
The Loans are secured by charges over the assets of the company
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Zahoor Ahmed
Loans and Advances
(1,992,714)
(279,922)
- 
(2,272,636)
(1,992,714)
(279,922)
- 
(2,272,636)
These are credits and advances from the director. They are non-interest bearing and are repayable on demand
12
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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