Silverfin false false 29/02/2024 01/03/2023 29/02/2024 L Cornell 04/02/2016 C A Cornell 04/02/2016 D Cornell 04/02/2016 20 November 2024 The principal activity of the company is of property rental and development. 09987096 2024-02-29 09987096 bus:Director1 2024-02-29 09987096 bus:Director2 2024-02-29 09987096 bus:Director3 2024-02-29 09987096 2023-02-28 09987096 core:CurrentFinancialInstruments 2024-02-29 09987096 core:CurrentFinancialInstruments 2023-02-28 09987096 core:Non-currentFinancialInstruments 2024-02-29 09987096 core:Non-currentFinancialInstruments 2023-02-28 09987096 core:ShareCapital 2024-02-29 09987096 core:ShareCapital 2023-02-28 09987096 core:RetainedEarningsAccumulatedLosses 2024-02-29 09987096 core:RetainedEarningsAccumulatedLosses 2023-02-28 09987096 2023-03-01 2024-02-29 09987096 bus:FilletedAccounts 2023-03-01 2024-02-29 09987096 bus:SmallEntities 2023-03-01 2024-02-29 09987096 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09987096 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09987096 bus:Director1 2023-03-01 2024-02-29 09987096 bus:Director2 2023-03-01 2024-02-29 09987096 bus:Director3 2023-03-01 2024-02-29 09987096 2022-03-01 2023-02-28 09987096 core:Non-currentFinancialInstruments 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Company No: 09987096 (England and Wales)

DLC INVESTMENT PROPERTIES LTD

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

DLC INVESTMENT PROPERTIES LTD

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

DLC INVESTMENT PROPERTIES LTD

BALANCE SHEET

As at 29 February 2024
DLC INVESTMENT PROPERTIES LTD

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 4,029,327 4,029,327
4,029,327 4,029,327
Current assets
Debtors 4 4,784 0
Cash at bank and in hand 42,911 146,695
47,695 146,695
Creditors: amounts falling due within one year 5 ( 382,811) ( 367,616)
Net current liabilities (335,116) (220,921)
Total assets less current liabilities 3,694,211 3,808,406
Creditors: amounts falling due after more than one year 6 ( 2,040,964) ( 2,288,991)
Provision for liabilities ( 39,128) ( 27,575)
Net assets 1,614,119 1,491,840
Capital and reserves
Called-up share capital 30 30
Profit and loss account 1,614,089 1,491,810
Total shareholders' funds 1,614,119 1,491,840

For the financial 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.

Directors' responsibilities:

The financial statements of DLC Investment Properties Ltd (registered number: 09987096) were approved and authorised for issue by the Board of Directors on 20 November 2024. They were signed on its behalf by:

C A Cornell
Director
DLC INVESTMENT PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
DLC INVESTMENT PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DLC Investment Properties Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The principal place of business is: 10 Bury Road, Poole, Dorset, BH13 7DB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises rent receivable, accrued on a daily basis. Turnover is shown net of value added tax, rebates and discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Investment property

Investment property
£
Valuation
As at 01 March 2023 4,029,327
As at 29 February 2024 4,029,327

4. Debtors

2024 2023
£ £
Other debtors 4,784 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 300,000 300,000
Accruals and deferred income 27,585 27,528
Taxation and social security 55,226 40,088
382,811 367,616

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 2,040,964 2,288,991

There are no amounts included above in respect of which any security has been given by the small entity.