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
Daisy's Property Management Limited
Company Information
for the year ended 31 December 2023
Company Number
07099053 (England and Wales)
Registered Office
84 Quicks Road
London
SW19 1EX
Daisy's Property Management Limited
Statement of financial position
as at 31 December 2023
Investment property
10,945,597
12,388,639
Investments
2,616,850
902,224
Cash at bank and in hand
(7,391)
(325)
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
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
Daisy's Property Management Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Daisy's Property Management Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles
At 31 December 2023
15,725
At 31 December 2023
14,152
Fair value at 1 January 2023
12,388,639
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
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
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
292,632
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
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
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
The Loans are secured by charges over the assets of the company
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).