Registered number
11187258
D&G UK Developments Limited
Filleted Accounts
29 February 2024
D&G UK Developments Limited
Registered number: 11187258
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,296,068 1,325,398
Current assets
Investments held as current assets 4 144,482 140,217
Cash at bank and in hand 6,467 13,730
150,949 153,947
Creditors: amounts falling due within one year 5 (343,427) (376,274)
Net current liabilities (192,478) (222,327)
Total assets less current liabilities 1,103,590 1,103,071
Creditors: amounts falling due after more than one year 6 (944,262) (945,816)
Net assets 159,328 157,255
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 525,000 525,000
Profit and loss account (365,772) (367,845)
Shareholder's funds 159,328 157,255
The director is 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 director acknowledges his 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.
Mr D Simek
Director
Approved by the board on 18 November 2024
D&G UK Developments Limited
Notes to the Accounts
for the year ended 29 February 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 1,466,520
At 29 February 2024 1,466,520
Depreciation
At 1 March 2023 141,122
Charge for the year 29,330
At 29 February 2024 170,452
Net book value
At 29 February 2024 1,296,068
At 28 February 2023 1,325,398
4 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 144,482 140,217
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 13,342 10,000
Trade creditors 254 3,436
Other creditors 329,831 362,838
343,427 376,274
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 32,465 33,965
Other creditors 911,797 911,851
944,262 945,816
7 Revaluation reserve 2024 2023
£ £
At 1 March 2023 525,000 525,000
At 29 February 2024 525,000 525,000
8 Other information
D&G UK Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit A6
Atlas Business Centre
Oxgate Lane
London
NW2 7HJ
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