IRIS Accounts Production v24.3.0.553 13922907 director 1.3.23 29.2.24 29.2.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh139229072023-02-28139229072024-02-29139229072023-03-012024-02-29139229072022-02-16139229072022-02-172023-02-28139229072023-02-2813922907ns15:EnglandWales2023-03-012024-02-2913922907ns14:PoundSterling2023-03-012024-02-2913922907ns10:Director12023-03-012024-02-2913922907ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2913922907ns10:SmallEntities2023-03-012024-02-2913922907ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2913922907ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2913922907ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2913922907ns10:FullAccounts2023-03-012024-02-2913922907ns10:OrdinaryShareClass12023-03-012024-02-2913922907ns10:RegisteredOffice2023-03-012024-02-2913922907ns5:CurrentFinancialInstruments2024-02-2913922907ns5:CurrentFinancialInstruments2023-02-2813922907ns5:Non-currentFinancialInstruments2024-02-2913922907ns5:Non-currentFinancialInstruments2023-02-2813922907ns5:ShareCapital2024-02-2913922907ns5:ShareCapital2023-02-2813922907ns5:RetainedEarningsAccumulatedLosses2024-02-2913922907ns5:RetainedEarningsAccumulatedLosses2023-02-2813922907ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2913922907ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2813922907ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2913922907ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2813922907ns10:OrdinaryShareClass12024-02-2913922907ns5:RetainedEarningsAccumulatedLosses2023-02-2813922907ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 13922907 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

DIAMOND REALTY LTD

DIAMOND REALTY LTD (REGISTERED NUMBER: 13922907)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIAMOND REALTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: M Lipschutz





REGISTERED OFFICE: 52b Clapton Common
London
E5 9AL





REGISTERED NUMBER: 13922907 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

DIAMOND REALTY LTD (REGISTERED NUMBER: 13922907)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investment property 4 683,849 683,849

CURRENT ASSETS
Debtors 5 75,194 67,627
Cash at bank 7,402 1,299
82,596 68,926
CREDITORS
Amounts falling due within one year 6 (360,444 ) (374,734 )
NET CURRENT LIABILITIES (277,848 ) (305,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,001

378,041

CREDITORS
Amounts falling due after more than one
year

7

(435,435

)

(435,435

)
NET LIABILITIES (29,434 ) (57,394 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (29,534 ) (57,494 )
SHAREHOLDERS' FUNDS (29,434 ) (57,394 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DIAMOND REALTY LTD (REGISTERED NUMBER: 13922907)

BALANCE SHEET - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





M Lipschutz - Director


DIAMOND REALTY LTD (REGISTERED NUMBER: 13922907)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Diamond Realty Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 683,849
NET BOOK VALUE
At 29 February 2024 683,849
At 28 February 2023 683,849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 2,567 -
Other debtors 72,627 67,627
75,194 67,627

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 359,004 374,074
Accrued expenses 1,440 660
360,444 374,734

DIAMOND REALTY LTD (REGISTERED NUMBER: 13922907)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans more 5 yrs non-inst 435,435 435,435

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 435,435 435,435

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2023 (57,494 )
Profit for the year 27,960
At 29 February 2024 (29,534 )

10. RELATED PARTY DISCLOSURES

Other Debtors (Note 7) relates to amounts due from companies connected to the director and his family members. The loans are interest free and repayable on demand.

Other Creditors (Note 8) relates to amounts due to companies connected to the director and his family members. The loans are interest free and payable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is M Lipschutz.