Registered number
13134229
D2P Capital Ltd
Filleted Accounts
31 January 2024
D2P Capital Ltd
Registered number: 13134229
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Stocks 6,029,853 4,816,976
Debtors 3 3,708,383 786,484
Cash at bank and in hand 304,141 19,151
10,042,377 5,622,611
Creditors: amounts falling due within one year 4 (5,895,836) (120,025)
Net current assets 4,146,541 5,502,586
Total assets less current liabilities 4,146,541 5,502,586
Creditors: amounts falling due after more than one year 5 (4,149,682) (5,596,961)
Net liabilities (3,141) (94,375)
Capital and reserves
Called up share capital 300 300
Profit and loss account (3,441) (94,675)
Shareholders' funds (3,141) (94,375)
The directors are 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 directors acknowledge their 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.
Jaswinder Singh Gill
Director
Approved by the board on 31 October 2024
D2P Capital Ltd
Notes to the Accounts
for the year ended 31 January 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 mainly relates to income earned from the the sale of properties.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 Debtors 2024 2023
£ £
Trade debtors 17,851 17,851
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,057,154 -
Other debtors 1,633,378 768,633
3,708,383 786,484
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 159,461 120,025
Other creditors 5,736,375 -
5,895,836 120,025
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 547,284
Other creditors 4,149,682 5,049,677
4,149,682 5,596,961
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 4,149,862 -
Security for bank loans is in the form of registered fixed and floating charge over development assets.
7 Other information
D2P Capital Ltd is a private company limited by shares and incorporated in England. Its registered office is:
83 Fern Lane
Hounslow
TW5 0HH
D2P Capital Ltd 13134229 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 Jaswinder Singh Gill No description of principal activity 13134229 2022-02-01 2023-01-31 13134229 core:WithinOneYear 2023-01-31 13134229 core:AfterOneYear 2023-01-31 13134229 core:ShareCapital 2023-01-31 13134229 core:RetainedEarningsAccumulatedLosses 2023-01-31 13134229 2023-02-01 2024-01-31 13134229 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13134229 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13134229 bus:Director40 2023-02-01 2024-01-31 13134229 1 2023-02-01 2024-01-31 13134229 2 2023-02-01 2024-01-31 13134229 countries:England 2023-02-01 2024-01-31 13134229 bus:FRS102 2023-02-01 2024-01-31 13134229 bus:FilletedAccounts 2023-02-01 2024-01-31 13134229 2024-01-31 13134229 core:WithinOneYear 2024-01-31 13134229 core:AfterOneYear 2024-01-31 13134229 core:ShareCapital 2024-01-31 13134229 core:RetainedEarningsAccumulatedLosses 2024-01-31 13134229 2023-01-31 iso4217:GBP xbrli:pure