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Company Registration No. 12145815 (England and Wales)
DB CAPITOL LIMITED Unaudited accounts for the year ended 31 August 2023
DB CAPITOL LIMITED Unaudited accounts Contents
Page
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DB CAPITOL LIMITED Company Information for the year ended 31 August 2023
Director
Warjinder Singh KHAMBA
Company Number
12145815 (England and Wales)
Registered Office
25 LLANBERIS GROVE NOTTINGHAM NG8 5DP ENGLAND
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DB CAPITOL LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
1,651,357 
888,767 
Current assets
Debtors
613,139 
349,519 
Cash at bank and in hand
1,236 
76 
614,375 
349,595 
Creditors: amounts falling due within one year
(12,088)
(10,440)
Net current assets
602,287 
339,155 
Total assets less current liabilities
2,253,644 
1,227,922 
Creditors: amounts falling due after more than one year
(1,351,042)
(751,546)
Provisions for liabilities
Deferred tax
(246,490)
(95,046)
Net assets
656,112 
381,330 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
656,111 
381,329 
Shareholders' funds
656,112 
381,330 
For the year ending 31 August 2023 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 director acknowledges his 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 and authorised for issue on 20 November 2024 and were signed on its behalf by
Warjinder Singh KHAMBA Director Company Registration No. 12145815
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DB CAPITOL LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
DB CAPITOL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12145815. The registered office is 25 LLANBERIS GROVE, NOTTINGHAM, NG8 5DP, 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Investment property
2023 
£ 
Fair value at 1 September 2022
888,767 
Additions
276,873 
Net gain from fair value adjustments
485,717 
At 31 August 2023
1,651,357 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
613,139 
349,519 
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DB CAPITOL LIMITED Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,520 
7,576 
Trade creditors
775 
300 
Taxes and social security
2,268 
2,089 
Accruals
525 
475 
12,088 
10,440 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,190,514 
638,139 
Other creditors
160,528 
113,407 
1,351,042 
751,546 
8
Deferred taxation
2023 
2022 
£ 
£ 
Revaluation of investment property
246,490 
95,046 
2023 
2022 
£ 
£ 
Provision at start of year
95,046 
- 
Charged to the profit and loss account
151,444 
95,046 
Provision at end of year
246,490 
95,046 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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