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REGISTERED NUMBER: 11735973 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DN HOMES LIMITED

DN HOMES LIMITED (REGISTERED NUMBER: 11735973)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DN HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr S Shamash
Mrs T Shamash





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 11735973 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

DN HOMES LIMITED (REGISTERED NUMBER: 11735973)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,746 1,338
Investment property 5 1,250,000 1,250,000
1,290,746 1,251,338

CURRENT ASSETS
Debtors 6 30,924 100
Cash at bank 28,133 76,882
59,057 76,982
CREDITORS
Amounts falling due within one year 7 984,846 1,015,066
NET CURRENT LIABILITIES (925,789 ) (938,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,957

313,254

PROVISIONS FOR LIABILITIES 54,505 54,505
NET ASSETS 310,452 258,749

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 176,602 176,602
Retained earnings 133,750 82,047
SHAREHOLDERS' FUNDS 310,452 258,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

DN HOMES LIMITED (REGISTERED NUMBER: 11735973)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 10 September 2024 and were signed on its behalf by:





Mr S Shamash - Director


DN HOMES LIMITED (REGISTERED NUMBER: 11735973)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

DN Homes Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

INVESTMENT PROPERTY
Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial period would have been decreased by the amount of depreciation.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

DN HOMES LIMITED (REGISTERED NUMBER: 11735973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 3,141 - 3,141
Additions - 52,990 52,990
At 31 March 2024 3,141 52,990 56,131
DEPRECIATION
At 1 April 2023 1,803 - 1,803
Charge for year 334 13,248 13,582
At 31 March 2024 2,137 13,248 15,385
NET BOOK VALUE
At 31 March 2024 1,004 39,742 40,746
At 31 March 2023 1,338 - 1,338

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,250,000
NET BOOK VALUE
At 31 March 2024 1,250,000
At 31 March 2023 1,250,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 218,027
Cost 1,031,973
1,250,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,031,973 1,031,973

Investment property was valued on a fair value basis on 31 March 2024 by the directors .

DN HOMES LIMITED (REGISTERED NUMBER: 11735973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 824 -
Amounts owed by group undertakings 100 100
Other debtors 30,000 -
30,924 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,985 10,416
Other creditors 981,861 1,004,650
984,846 1,015,066

8. RELATED PARTY DISCLOSURES

Included in debtors, amounts falling due within one year, is an interest free amount of £30,000 (2023: £nil) due from Tartan House Limited.The companies are connected by virtue of Mr S Shamash being a common director.

Included in creditors, amounts falling due within one year, is an interest free amount of £296,596 (2023:£316,396) owed to the directors, Mr S Shamash and Mrs T Shamash.

Also included in creditors, amounts falling due within one year, are interest free amounts of £432,221 (2023: £432,221) owed to SM Holdings Limited. The companies are connected by virtue of Mr S Shamash being a common director.

9. ULTIMATE CONTROLLING PARTY

During the period under review, the company was not under the control of any one individual.