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
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
DB CAPITOL LIMITED
Statement of financial position
as at 31 August 2023
Investment property
1,651,357
888,767
Cash at bank and in hand
1,236
76
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
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
DB CAPITOL LIMITED
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in ÃÂã sterling.
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 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 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.
Fair value at 1 September 2022
888,767
Net gain from fair value adjustments
485,717
At 31 August 2023
1,651,357
Amounts falling due after more than one year
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
Taxes and social security
2,268
2,089
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
8
Deferred taxation
2023
2022
Revaluation of investment property
246,490
95,046
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
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).