Registered number
13280345
(England & Wales)
DHP Property Management Ltd
Filleted Accounts
31 March 2024
DHP Property Management Ltd
Registered number: 13280345
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,200,000 1,200,000
Current assets
Debtors 4 200,100 204,233
Cash at bank and in hand 97,919 22,989
298,019 227,222
Creditors: amounts falling due within one year 5 (272,092) (250,325)
Net current assets/(liabilities) 25,927 (23,103)
Total assets less current liabilities 1,225,927 1,176,897
Creditors: amounts falling due after more than one year 6 (1,113,468) (1,134,006)
Net assets 112,459 42,891
Capital and reserves
Called up share capital 100 100
Profit and loss account 112,359 42,791
Shareholders' funds 112,459 42,891
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 his 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.
Salim Musa
Director
Approved by the board on 14 October 2024
DHP Property Management Ltd
Notes to the Accounts
for the year ended 31 March 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 1,200,000
At 31 March 2024 1,200,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 1,200,000
At 31 March 2023 1,200,000
4 Debtors 2024 2023
£ £
Trade debtors - 4,133
Other debtors 200,100 200,100
200,100 204,233
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 22,800 22,800
Trade creditors 8,280 1,019
Taxation and social security costs 23,189 10,037
Other creditors 1,825 1,501
Director's account 212,998 212,968
Accruals and deferred income < 1 Year 3,000 2,000
272,092 250,325
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 430,682 451,220
Other loans 682,786 682,786
1,113,468 1,134,006
Included in other loans is £421,691 (2023:£421,691) owed to the ultimate parent company New River Group Ltd. Also included in other loans is £261,095 (2023: £261,095) owed to Zainab Kazie, who owns 25% shares in the parent company MNM Property Management Ltd.

The loans are unsecured and interest free.
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 339,482 360,020
Secured bank loans 453,482 474,020
The bank loans are secured by way of fixed and floating charges on the company's properties.
8 Related party transactions
Directors account as shown in note 5 above is owed to the director Mr Salim Musa. The loan is unsecured and interest free. The maximum balance of the loan during the year was £212,998 (2023: £261,095). The director has indicated that he will not seek repayment of the loan within 12 months of the approval of these accounts.
9 Controlling party
The parent company is MNM Property Management Limited, registered office address: 125 Bradshaw Gare, Bolton, Lancashire, BL2 1BJ.

The ultimate parent company is New River Group Ltd, registered office address: Caroline House, 125 Bradshaw Gate, Bolton, Lancashire, BL2 1BJ.
10 Other information
DHP Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Caroline House
125 Bradshaw Gate
Bolton
Lancashire
BL2 1BJ
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