IRIS Accounts Production v24.2.0.383 00933203 director 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009332032023-03-31009332032024-03-31009332032023-04-012024-03-31009332032022-03-31009332032022-04-012023-03-31009332032023-03-3100933203ns15:EnglandWales2023-04-012024-03-3100933203ns14:PoundSterling2023-04-012024-03-3100933203ns10:Director12023-04-012024-03-3100933203ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3100933203ns10:SmallEntities2023-04-012024-03-3100933203ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3100933203ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3100933203ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100933203ns10:FullAccounts2023-04-012024-03-3100933203ns10:CompanySecretary12023-04-012024-03-3100933203ns10:RegisteredOffice2023-04-012024-03-3100933203ns5:CurrentFinancialInstruments2024-03-3100933203ns5:CurrentFinancialInstruments2023-03-3100933203ns5:Non-currentFinancialInstruments2024-03-3100933203ns5:Non-currentFinancialInstruments2023-03-3100933203ns5:ShareCapital2024-03-3100933203ns5:ShareCapital2023-03-3100933203ns5:RetainedEarningsAccumulatedLosses2024-03-3100933203ns5:RetainedEarningsAccumulatedLosses2023-03-3100933203ns5:CostValuation2023-03-3100933203ns5:DisposalsRepaymentsInvestments2024-03-3100933203ns5:CostValuation2024-03-3100933203ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3100933203ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31
REGISTERED NUMBER: 00933203 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

D A Frankum Ltd

D A Frankum Ltd (Registered number: 00933203)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3


D A Frankum Ltd

Company Information
for the Year Ended 31 March 2024







Director: L G Frankum





Secretary: Mrs S E Frankum





Registered office: 6 Wendell Road
Shepherds Bush
London
W12 9RT





Registered number: 00933203 (England and Wales)





Accountants: Freeman Carr
Chartered Certified Accountants
The Gatehouse
2 Devonhurst Place
Heathfield Terrace
Chiswick
London
W4 4JD

D A Frankum Ltd (Registered number: 00933203)

Statement of Financial Position
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investments 4 872,723 877,723
Investment property 5 10,074,496 11,273,000
10,947,219 12,150,723

Current assets
Debtors 6 36,961 1,000
Cash at bank 271,857 37,631
308,818 38,631
Creditors
Amounts falling due within one year 7 167,256 89,943
Net current assets/(liabilities) 141,562 (51,312 )
Total assets less current liabilities 11,088,781 12,099,411

Creditors
Amounts falling due after more than one
year

8

(3,400,000

)

(4,100,000

)

Provisions for liabilities (434,191 ) (625,250 )
Net assets 7,254,590 7,374,161

Capital and reserves
Called up share capital 20,000 20,000
Retained earnings 7,234,590 7,354,161
7,254,590 7,374,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2024 and were signed by:




L G Frankum - Director


D A Frankum Ltd (Registered number: 00933203)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

D A Frankum Ltd is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover includes rents receivable from investment properties and it is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like cash and bank balances, trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

D A Frankum Ltd (Registered number: 00933203)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Fixed asset investments
Interest in
joint Other
venture investments Totals
£ £ £
Cost
At 1 April 2023 817,000 60,723 877,723
Disposals (5,000 ) - (5,000 )
At 31 March 2024 812,000 60,723 872,723
Net book value
At 31 March 2024 812,000 60,723 872,723
At 31 March 2023 817,000 60,723 877,723

5. Investment property
Total
£
Fair value
At 1 April 2023 11,273,000
Additions 10,558
Disposals (607,725 )
Revaluations (601,337 )
At 31 March 2024 10,074,496
Net book value
At 31 March 2024 10,074,496
At 31 March 2023 11,273,000

Fair value at 31 March 2024 is represented by:
£
Valuation in 2021 6,277,544
Valuation in 2022 5,842,456
Valuation in 2023 (847,000 )
Valuation in 2024 (1,198,504 )
10,074,496

6. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 36,961 1,000

7. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to participating interests 34,236 18,236
Tax 117,007 21,358
Accrued expenses 16,013 50,349
167,256 89,943

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 2-5 years 3,400,000 4,100,000