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REGISTERED NUMBER: 10808739 (England and Wales)









DYNAMI MILLENNIUM LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






DYNAMI MILLENNIUM LTD (REGISTERED NUMBER: 10808739)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DYNAMI MILLENNIUM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr K A R James
R R S Hornett





SECRETARY: MC Secretaries Limited





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 10808739 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

DYNAMI MILLENNIUM LTD (REGISTERED NUMBER: 10808739)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 847 1,695
Investment property 5 907,352 1,062,852
908,199 1,064,547

CURRENT ASSETS
Stocks 160,000 -
Debtors 6 767 2,202
Cash at bank 27,387 17,508
188,154 19,710
CREDITORS
Amounts falling due within one year 7 1,085,674 1,087,615
NET CURRENT LIABILITIES (897,520 ) (1,067,905 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,679

(3,358

)

PROVISIONS FOR LIABILITIES 8 212 424
NET ASSETS/(LIABILITIES) 10,467 (3,782 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10,367 (3,882 )
SHAREHOLDERS' FUNDS 10,467 (3,782 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

DYNAMI MILLENNIUM LTD (REGISTERED NUMBER: 10808739)

BALANCE SHEET - continued
31 MARCH 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 3 December 2024 and were signed on its behalf by:




Dr K A R James - Director



R R S Hornett - Director


DYNAMI MILLENNIUM LTD (REGISTERED NUMBER: 10808739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Dynami Millennium 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 represents rents receivable during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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 at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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 shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to a deferred tax asset or liability.

DYNAMI MILLENNIUM LTD (REGISTERED NUMBER: 10808739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 3,390
DEPRECIATION
At 1 April 2023 1,695
Charge for year 848
At 31 March 2024 2,543
NET BOOK VALUE
At 31 March 2024 847
At 31 March 2023 1,695

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,062,852
Revaluations 4,500
Reclassification/transfer (160,000 )
At 31 March 2024 907,352
NET BOOK VALUE
At 31 March 2024 907,352
At 31 March 2023 1,062,852

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 (12,499 )
Valuation in 2024 14,500
Cost 905,351
907,352

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 905,351 1,079,551

Investment property was valued on an open market basis on 31 March 2024 by the director .

DYNAMI MILLENNIUM LTD (REGISTERED NUMBER: 10808739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 124 834
Other debtors 643 1,368
767 2,202

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,506 1,676
Other creditors 1,083,168 1,085,939
1,085,674 1,087,615

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 212 424

Deferred
tax
£   
Balance at 1 April 2023 424
Accelerated capital allowances (212 )
Balance at 31 March 2024 212

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100