IRIS Accounts Production v24.3.0.553 10626028 Board of Directors Board of Directors 1.3.23 29.2.24 29.2.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106260282023-02-28106260282024-02-29106260282023-03-012024-02-29106260282022-02-28106260282022-03-012023-02-28106260282023-02-2810626028ns15:EnglandWales2023-03-012024-02-2910626028ns14:PoundSterling2023-03-012024-02-2910626028ns10:Director12023-03-012024-02-2910626028ns10:Director22023-03-012024-02-2910626028ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910626028ns10:SmallEntities2023-03-012024-02-2910626028ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2910626028ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910626028ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910626028ns10:FullAccounts2023-03-012024-02-2910626028ns10:RegisteredOffice2023-03-012024-02-2910626028ns5:CurrentFinancialInstruments2024-02-2910626028ns5:CurrentFinancialInstruments2023-02-2810626028ns5:Non-currentFinancialInstruments2024-02-2910626028ns5:Non-currentFinancialInstruments2023-02-2810626028ns5:ShareCapital2024-02-2910626028ns5:ShareCapital2023-02-2810626028ns5:FurtherSpecificReserve3ComponentTotalEquity2024-02-2910626028ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2810626028ns5:RetainedEarningsAccumulatedLosses2024-02-2910626028ns5:RetainedEarningsAccumulatedLosses2023-02-2810626028ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2910626028ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2810626028ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-28106260281ns10:Director12023-02-28106260281ns10:Director12022-02-28106260281ns10:Director12023-03-012024-02-29106260281ns10:Director12022-03-012023-02-28106260281ns10:Director12024-02-29106260281ns10:Director12023-02-28
REGISTERED NUMBER: 10626028 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

DAISYJAMES PROPERTY PARTNERSHIP LIMITED

DAISYJAMES PROPERTY PARTNERSHIP LIMITED (REGISTERED NUMBER: 10626028)

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


DAISYJAMES PROPERTY PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: L Mitchell
E D Mitchell





REGISTERED OFFICE: 17 Angley Road
Cranbrook
Kent
TN17 3LR





REGISTERED NUMBER: 10626028 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

DAISYJAMES PROPERTY PARTNERSHIP LIMITED (REGISTERED NUMBER: 10626028)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 400,000 287,500

CURRENT ASSETS
Debtors 5 997 997
Cash at bank 3,199 4,771
4,196 5,768
CREDITORS
Amounts falling due within one year 6 56,369 57,593
NET CURRENT LIABILITIES (52,173 ) (51,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,827

235,675

CREDITORS
Amounts falling due after more than one
year

7

(202,275

)

(202,421

)

PROVISIONS FOR LIABILITIES (31,895 ) (2,865 )
NET ASSETS 113,657 30,389

CAPITAL AND RESERVES
Called up share capital 102 102
Fair value reserve 8 95,685 12,215
Retained earnings 17,870 18,072
113,657 30,389

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 directors acknowledge their 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.

DAISYJAMES PROPERTY PARTNERSHIP LIMITED (REGISTERED NUMBER: 10626028)

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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




E D Mitchell - Director



L Mitchell - Director


DAISYJAMES PROPERTY PARTNERSHIP LIMITED (REGISTERED NUMBER: 10626028)

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


1. STATUTORY INFORMATION

DaisyJames Property Partnership Limited 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.

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 as modified by the revaluation of certain assets.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

DAISYJAMES PROPERTY PARTNERSHIP LIMITED (REGISTERED NUMBER: 10626028)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 287,500
Revaluations 112,500
At 29 February 2024 400,000
NET BOOK VALUE
At 29 February 2024 400,000
At 28 February 2023 287,500

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 400,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 997 997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 422 1,283
Other creditors 55,947 56,310
56,369 57,593

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 202,275 202,421

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 202,275 202,421

DAISYJAMES PROPERTY PARTNERSHIP LIMITED (REGISTERED NUMBER: 10626028)

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


8. RESERVES
Fair
value
reserve
£   
At 1 March 2023 12,215
Non Distributable Fair Value 83,470

At 29 February 2024 95,685

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
E D Mitchell
Balance outstanding at start of year (54,220 ) (55,468 )
Amounts advanced 2,738 5,819
Amounts repaid (2,000 ) (4,571 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (53,482 ) (54,220 )