Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13140677 Miss Martha Da Costa-Sherwood Miss Elsie Obeng-John iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13140677 2023-01-31 13140677 2024-01-31 13140677 2023-02-01 2024-01-31 13140677 frs-core:CurrentFinancialInstruments 2024-01-31 13140677 frs-core:ShareCapital 2024-01-31 13140677 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13140677 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13140677 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13140677 frs-bus:SmallEntities 2023-02-01 2024-01-31 13140677 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13140677 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13140677 frs-bus:Director1 2023-02-01 2024-01-31 13140677 frs-bus:Director2 2023-02-01 2024-01-31 13140677 frs-countries:EnglandWales 2023-02-01 2024-01-31 13140677 2022-01-31 13140677 2023-01-31 13140677 2022-02-01 2023-01-31 13140677 frs-core:CurrentFinancialInstruments 2023-01-31 13140677 frs-core:ShareCapital 2023-01-31 13140677 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13140677
Dwelling Places Property Management Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13140677
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 91,190 82,806
91,190 82,806
CURRENT ASSETS
Debtors 5 46,272 8,925
Cash at bank and in hand 661 -
46,933 8,925
Creditors: Amounts Falling Due Within One Year 6 (137,965 ) (124,619 )
NET CURRENT ASSETS (LIABILITIES) (91,032 ) (115,694 )
TOTAL ASSETS LESS CURRENT LIABILITIES 158 (32,888 )
NET ASSETS/(LIABILITIES) 158 (32,888 )
CAPITAL AND RESERVES
Called up share capital 7 2 -
Profit and Loss Account 156 (32,888 )
SHAREHOLDERS' FUNDS 158 (32,888)
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Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Elsie Obeng-John
Director
29/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dwelling Places Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13140677 . The registered office is 218 Firhill Road, London, SE6 3LL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: )
- -
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4. Investment Property
2024
£
Fair Value
As at 1 February 2023 82,806
Additions 8,384
As at 31 January 2024 91,190
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 25,787 -
Other debtors 20,485 8,925
46,272 8,925
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,201 -
Other creditors 136,727 124,619
Taxation and social security 37 -
137,965 124,619
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 -
8. Related Party Transactions
Included in other creditors is an amount of £145,655 (£124,619 in 2023), owed to the company directors Ms E Obeng-John and Ms M Da Costa-Sherwood. This loan is interest free and no repayment term has been agreed.
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