Acorah Software Products - Accounts Production 16.0.110 false true true false 17 March 2023 31 March 2024 31 March 2024 14736901 Mr Alexander Toogood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14736901 2023-03-16 14736901 2024-03-31 14736901 2023-03-17 2024-03-31 14736901 frs-core:CurrentFinancialInstruments 2024-03-31 14736901 frs-core:Non-currentFinancialInstruments 2024-03-31 14736901 frs-core:FurnitureFittings 2024-03-31 14736901 frs-core:FurnitureFittings 2023-03-17 2024-03-31 14736901 frs-core:FurnitureFittings 2023-03-16 14736901 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 14736901 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-17 2024-03-31 14736901 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-16 14736901 frs-core:ShareCapital 2024-03-31 14736901 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14736901 frs-bus:PrivateLimitedCompanyLtd 2023-03-17 2024-03-31 14736901 frs-bus:FilletedAccounts 2023-03-17 2024-03-31 14736901 frs-bus:SmallEntities 2023-03-17 2024-03-31 14736901 frs-bus:AuditExempt-NoAccountantsReport 2023-03-17 2024-03-31 14736901 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-17 2024-03-31 14736901 frs-bus:Director1 2023-03-17 2024-03-31 14736901 frs-countries:EnglandWales 2023-03-17 2024-03-31
Registered number: 14736901
Dyb Property Limited
Unaudited Financial Statements
For the Period 17 March 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14736901
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 315,200
315,200
CURRENT ASSETS
Debtors 5 2,003
Cash at bank and in hand 1,702
3,705
Creditors: Amounts Falling Due Within One Year 6 (123,235 )
NET CURRENT ASSETS (LIABILITIES) (119,530 )
TOTAL ASSETS LESS CURRENT LIABILITIES 195,670
Creditors: Amounts Falling Due After More Than One Year 7 (253,789 )
NET LIABILITIES (58,119 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (58,219 )
SHAREHOLDERS' FUNDS (58,119)
Page 1
Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Alexander Toogood
Director
17/10/2024
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
Dyb Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14736901 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line
2.5. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 17 March 2023 - - -
Additions 344,787 5,273 350,060
Revaluation (33,542 ) - (33,542 )
As at 31 March 2024 311,245 5,273 316,518
...CONTINUED
Page 3
Page 4
Depreciation
As at 17 March 2023 - - -
Provided during the period - 1,318 1,318
As at 31 March 2024 - 1,318 1,318
Net Book Value
As at 31 March 2024 311,245 3,955 315,200
As at 17 March 2023 - - -
5. Debtors
31 March 2024
£
Due within one year
Prepayments and accrued income 1,903
Other debtors 100
2,003
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Accruals and deferred income 994
Director's loan account 122,241
123,235
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Bank loans 253,789
8. Secured Creditors
Of the creditors falling due after more than one year the following amount is secured by a fixed charge over the investment properties. The mortgages are interest only with terms of 25 years.
31 March 2024
£
Bank loans and overdrafts 253,789
9. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
Page 4