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REGISTERED NUMBER: SC172183 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

DEY PROPERTIES LIMITED

DEY PROPERTIES LIMITED (REGISTERED NUMBER: SC172183)

Contents of the Financial Statements
for the Year Ended 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEY PROPERTIES LIMITED

Company Information
for the Year Ended 28 February 2024







DIRECTOR: M N C Dey





REGISTERED OFFICE: The Coach House
St Swithin Street
Aberdeen
AB10 6XE





REGISTERED NUMBER: SC172183 (Scotland)






DEY PROPERTIES LIMITED (REGISTERED NUMBER: SC172183)

Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,162 17,904
Investment property 5 143,430 215,387
155,592 233,291

CURRENT ASSETS
Debtors 6 2,575 6,100
Cash at bank 170,839 7,513
173,414 13,613
CREDITORS
Amounts falling due within one year 7 232,307 220,144
NET CURRENT LIABILITIES (58,893 ) (206,531 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,699

26,760

CREDITORS
Amounts falling due after more than one year 8 4,014 7,000
NET ASSETS 92,685 19,760

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves (239,999 ) (239,999 )
Retained earnings 332,683 259,758
92,685 19,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

DEY PROPERTIES LIMITED (REGISTERED NUMBER: SC172183)

Balance Sheet - continued
28 February 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 director and authorised for issue on 28 October 2024 and were signed by:





M N C Dey - Director


DEY PROPERTIES LIMITED (REGISTERED NUMBER: SC172183)

Notes to the Financial Statements
for the Year Ended 28 February 2024


1. STATUTORY INFORMATION

Dey Properties Limited is a private company, limited by shares , registered in Scotland. 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.

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 cost

Investment property
Investment properties, which comprise properties held for rental and for capital appreciation are initially recognised at cost which includes the purchase cost and any directly attributable expenditure. Subsequently, they are measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. Where fair value cannot be achieved without undue cost or effort, investment properties are accounted for as tangible fixed assets.

No provision is made for depreciation of investment properties. This departure from the requirements of the Companies Act 2006 which require all properties to be depreciated is, in the opinion of the directors, necessary for the financial statements to show a true and fair view in accordance with applicable accounting standards. The depreciation charge is only one of the factors reflected in the annual valuation and therefore the effect of the departure cannot be readily quantified.

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.


DEY PROPERTIES LIMITED (REGISTERED NUMBER: SC172183)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024


2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023 23,569
Additions 167
At 28 February 2024 23,736
DEPRECIATION
At 1 March 2023 5,665
Charge for year 5,909
At 28 February 2024 11,574
NET BOOK VALUE
At 28 February 2024 12,162
At 28 February 2023 17,904

DEY PROPERTIES LIMITED (REGISTERED NUMBER: SC172183)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 215,387
Disposals (71,957 )
At 28 February 2024 143,430
NET BOOK VALUE
At 28 February 2024 143,430
At 28 February 2023 215,387

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,550
Other debtors 2,575 1,550
2,575 6,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 210
Taxation and social security 27,497 17,981
Other creditors 204,810 201,953
232,307 220,144

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 4,014 7,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is M N C Dey.