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REGISTERED NUMBER: 13748640















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Double Tree Properties Limited

Double Tree Properties Limited (Registered number: 13748640)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Double Tree Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: L A G Cairns
M Clark





REGISTERED OFFICE: Unit 15 Runwell Hall Farm
Hoe Lane
Rettendon
Essex
CM3 8DQ





REGISTERED NUMBER: 13748640





ACCOUNTANTS: Accounts by Simply Ltd
Unit 15
Runwell Hall Farmhouse
Hoe Lane
Rettendon
Essex
CM3 8DQ

Double Tree Properties Limited (Registered number: 13748640)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,560,000 800,000

CURRENT ASSETS
Debtors 5 - 709
Cash at bank 70,313 4,646
70,313 5,355
CREDITORS
Amounts falling due within one year 6 540,317 262,221
NET CURRENT LIABILITIES (470,004 ) (256,866 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,089,996

543,134

CREDITORS
Amounts falling due after more than
one year

7

(721,838

)

(397,899

)

PROVISIONS FOR LIABILITIES (73,855 ) (37,623 )
NET ASSETS 294,303 107,612

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 294,203 107,512
294,303 107,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Double Tree Properties Limited (Registered number: 13748640)

Balance Sheet - continued
31 December 2023


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 30 September 2024 and were signed on its behalf by:





L A G Cairns - Director


Double Tree Properties Limited (Registered number: 13748640)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Double Tree Properties Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2022 - 2 ) .

Double Tree Properties Limited (Registered number: 13748640)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 800,000
Additions 569,305
Revaluations 190,695
At 31 December 2023 1,560,000
NET BOOK VALUE
At 31 December 2023 1,560,000
At 31 December 2022 800,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 150,491
Valuation in 2023 190,695
Cost 1,218,814
1,560,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors - 709

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 5,910 42,001
Amounts owed to group undertakings 498,823 1,705
Taxation and social security 7,936 -
Other creditors 27,648 218,515
540,317 262,221

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 721,838 397,899

Double Tree Properties Limited (Registered number: 13748640)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RELATED PARTY DISCLOSURES

During the financial year, the company received £148,000 of rental income from J M Clark Ltd, a company under common control.

At the year end date, the company owed £321,108 to J M Clark Ltd, a company under common control.