Registered number
04141992
Dellcorn Properties Limited
Filleted Accounts
29 February 2024
Dellcorn Properties Limited
Registered number: 04141992
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 373,375 373,375
Current assets
Cash at bank and in hand 45,448 34,330
Creditors: amounts falling due within one year 4 (9,044) (7,932)
Net current assets 36,404 26,398
Total assets less current liabilities 409,779 399,773
Creditors: amounts falling due after more than one year 5 (337,759) (343,489)
Net assets 72,020 56,284
Capital and reserves
Called up share capital 1 1
Profit and loss account 72,019 56,283
Shareholder's funds 72,020 56,284
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 J. McDonagh
Director
Approved by the board on 27 November 2024
Dellcorn Properties 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).
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:
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 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 373,375
At 29 February 2024 373,375
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 373,375
At 28 February 2023 373,375
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,353 3,703
Taxation and social security costs 3,691 4,229
9,044 7,932
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 60,240 65,970
Other creditors 277,519 277,519
337,759 343,489
6 Other information
Dellcorn Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Kinetic Crescent
Enfield
Middlesex
EN3 7FJ
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