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Company Registration No. 11084908 (England and Wales)
DPL Property Limited Unaudited accounts for the year ended 29 February 2024
DPL Property Limited Unaudited accounts Contents
Page
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DPL Property Limited Company Information for the year ended 29 February 2024
Directors
Sharon Dawson Daniel Dawson
Company Number
11084908 (England and Wales)
Registered Office
9 LANCASTER CLOSE SHERBURN IN ELMET LEEDS LS25 6NS ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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DPL Property Limited Accountants' report
Accountants' report to the board of directors of DPL Property Limited on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DPL Property Limited for the year ended 29 February 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of DPL Property Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of DPL Property Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DPL Property Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that DPL Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of DPL Property Limited. You consider that DPL Property Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of DPL Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 9 October 2024
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DPL Property Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
294 
441 
Investment property
439,558 
146,086 
439,852 
146,527 
Current assets
Debtors
5,694 
3,633 
Cash at bank and in hand
949 
33,776 
6,643 
37,409 
Creditors: amounts falling due within one year
(210,791)
(166,626)
Net current liabilities
(204,148)
(129,217)
Total assets less current liabilities
235,704 
17,310 
Creditors: amounts falling due after more than one year
(291,520)
(54,315)
Net liabilities
(55,816)
(37,005)
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
(12,806)
- 
Profit and loss account
(43,012)
(37,007)
Shareholders' funds
(55,816)
(37,005)
For the year ending 29 February 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by
Sharon Dawson Director Company Registration No. 11084908
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DPL Property Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
DPL Property Limited is a private company, limited by shares, registered in England and Wales, registration number 11084908. The registered office is 9 LANCASTER CLOSE, SHERBURN IN ELMET, LEEDS, LS25 6NS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
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DPL Property Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
441 
At 29 February 2024
441 
Depreciation
Charge for the year
147 
At 29 February 2024
147 
Net book value
At 29 February 2024
294 
At 28 February 2023
441 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
146,086 
Additions
306,278 
Net loss from fair value adjustments
(12,806)
At 29 February 2024
439,558 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
256 
Other debtors
5,694 
3,377 
5,694 
3,633 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
267 
- 
Other creditors
20,000 
- 
Loans from directors
189,504 
165,376 
Accruals
1,020 
1,250 
210,791 
166,626 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
161,520 
54,315 
Other creditors
130,000 
- 
291,520 
54,315 
Aggregate of amounts that fall due for payment after five years
161,520 
54,315 
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DPL Property Limited Notes to the Accounts for the year ended 29 February 2024
9
Transactions with related parties
Included in current assets is a related company loan of £2,733 (2023 - £3,377). Included in current liabilities is a related company loan of £20,000 (2023 - nil). The loans are interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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