Registered number
12010114
DDPT Properties Ltd
Filleted Accounts
31 May 2024
DDPT Properties Ltd
Registered number: 12010114
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 743,638 685,721
Current assets
Cash at bank and in hand 144,007 194,761
Creditors: amounts falling due within one year 4 (184,687) (186,933)
Net current (liabilities)/assets (40,680) 7,828
Total assets less current liabilities 702,958 693,549
Creditors: amounts falling due after more than one year 5 (647,676) (647,676)
Net assets 55,282 45,873
Capital and reserves
Called up share capital 100 100
Profit and loss account 55,182 45,773
Shareholders' funds 55,282 45,873
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D A T Le
Director
Approved by the board on 21 July 2023
DDPT Properties Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold properties Not provided
Plante and Machinery 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 685,509 354 685,863
Additions 56,769 1,524 58,293
At 31 May 2024 742,278 1,878 744,156
Depreciation
At 1 June 2023 - 142 142
Charge for the year - 376 376
At 31 May 2024 - 518 518
Net book value
At 31 May 2024 742,278 1,360 743,638
At 31 May 2023 685,509 212 685,721
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,295 7,981
Director's loan account 178,352 178,339
Other creditors 3,307 -
Accruals 733 613
184,687 186,933
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 367,725 367,725
Other creditors 279,951 279,951
647,676 647,676
6 Other information
DDPT Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
15 McDermott Close
London
SW11 2LY
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