Registered number
11807993
Danray Property UK Ltd
Filleted Accounts
30 June 2024
Danray Property UK Ltd
Registered number: 11807993
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,469,222 2,371,979
Investments 4 - 45,000
2,469,222 2,416,979
Current assets
Debtors 5 - 11,675
Cash at bank and in hand 826,313 795,883
826,313 807,558
Creditors: amounts falling due within one year 6 (52,654) (76,083)
Net current assets 773,659 731,475
Net assets 3,242,881 3,148,454
Capital and reserves
Called up share capital 2,427,600 2,427,600
Profit and loss account 815,281 720,854
Shareholder's funds 3,242,881 3,148,454
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 member has 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.
D M Lee
Director
Approved by the board on 5 November 2024
Danray Property UK Ltd
Notes to the Accounts
for the year ended 30 June 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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 2,335,100 1,620 50,820 2,387,540
Additions 742,723 2,170 - 744,893
Disposals (640,000) - - (640,000)
At 30 June 2024 2,437,823 3,790 50,820 2,492,433
Depreciation
At 1 July 2023 - 597 14,964 15,561
Charge for the year - 479 7,171 7,650
At 30 June 2024 - 1,076 22,135 23,211
Net book value
At 30 June 2024 2,437,823 2,714 28,685 2,469,222
At 30 June 2023 2,335,100 1,023 35,856 2,371,979
4 Investments
Other
investments
£
Cost
At 1 July 2023 45,000
Disposals (45,000)
At 30 June 2024 -
5 Debtors 2024 2023
£ £
Other debtors - 11,675
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 9,199 11,189
Taxation and social security costs 39,154 11,125
Other creditors 4,301 53,769
52,654 76,083
7 Other information
Danray Property UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o B Olsberg
Room 9 Enterprise House
3 Middleton Rd
Mancgester
M8 5DT
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