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REGISTERED NUMBER: 12405464 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Damilah Limited

Damilah Limited (Registered number: 12405464)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Damilah Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: I T Bishop
J E Bishop





REGISTERED OFFICE: Stevens Hill
Yateley
Hampshire
GU46 6AZ





REGISTERED NUMBER: 12405464 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Damilah Limited (Registered number: 12405464)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 208
Investment property 5 1,072,000 1,073,000
1,072,000 1,073,208

CURRENT ASSETS
Debtors 6 4,771 4,979
Cash at bank 55,990 176,097
60,761 181,076
CREDITORS
Amounts falling due within one year 7 404,183 525,435
NET CURRENT LIABILITIES (343,422 ) (344,359 )
TOTAL ASSETS LESS CURRENT LIABILITIES 728,578 728,849

CREDITORS
Amounts falling due after more than one year 8 (630,415 ) (630,415 )

PROVISIONS FOR LIABILITIES (17,110 ) (17,161 )
NET ASSETS 81,053 81,273

CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves 78,621 79,431
Retained earnings 2,332 1,742
SHAREHOLDERS' FUNDS 81,053 81,273

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

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

Damilah Limited (Registered number: 12405464)

Statement of Financial Position - continued
31 January 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 1 October 2024 and were signed on its behalf by:





I T Bishop - Director


Damilah Limited (Registered number: 12405464)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Damilah 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.

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.

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 - 3 years straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Damilah Limited (Registered number: 12405464)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 7,246
DEPRECIATION
At 1 February 2023 7,038
Charge for year 208
At 31 January 2024 7,246
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 208

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,073,000
Revaluations (1,000 )
At 31 January 2024 1,072,000
NET BOOK VALUE
At 31 January 2024 1,072,000
At 31 January 2023 1,073,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2022 27,064
Valuation in 2023 71,000
Valuation in 2024 (1,000 )
Cost 974,936
1,072,000

Investment property was valued on an open market basis on 31 January 2024 by Zoopla .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 4,771 4,979

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 404,183 525,435

Damilah Limited (Registered number: 12405464)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 630,415 630,415

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 630,415 630,415

The bank loans are secured by a fixed charge over the property held within the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors £389,395 (2023 - £503,812). This loan accrued 5% interest but it is now interest free, repayable on demand and shown within other creditors.