Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06857337 Mr Keith Dyson Mr Paul Brierley Mr Steven Robinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06857337 2023-03-31 06857337 2024-03-31 06857337 2023-04-01 2024-03-31 06857337 frs-core:CurrentFinancialInstruments 2024-03-31 06857337 frs-core:Non-currentFinancialInstruments 2024-03-31 06857337 frs-core:RevaluationReserve 2024-03-31 06857337 frs-core:ShareCapital 2024-03-31 06857337 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06857337 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06857337 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06857337 frs-bus:SmallEntities 2023-04-01 2024-03-31 06857337 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06857337 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06857337 frs-bus:Director1 2023-04-01 2024-03-31 06857337 frs-bus:Director2 2023-04-01 2024-03-31 06857337 frs-bus:Director3 2023-04-01 2024-03-31 06857337 frs-countries:EnglandWales 2023-04-01 2024-03-31 06857337 2022-03-31 06857337 2023-03-31 06857337 2022-04-01 2023-03-31 06857337 frs-core:CurrentFinancialInstruments 2023-03-31 06857337 frs-core:Non-currentFinancialInstruments 2023-03-31 06857337 frs-core:RevaluationReserve 2023-03-31 06857337 frs-core:ShareCapital 2023-03-31 06857337 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06857337
Dbr Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Paramount Accountancy WS Ltd
Chartered Accountants
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
Unaudited Financial Statements
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—6
Page 1
Company Information
Directors Mr Keith Dyson
Mr Paul Brierley
Mr Steven Robinson
Company Number 06857337
Registered Office Old Hassacks
Hassacks Lane
Honley
West Yorkshire
HD9 6RF
Accountants Paramount Accountancy WS Ltd
Chartered Accountants
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Dbr Properties Limited For The Year Ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Dbr Properties Limited For The Year Ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Dbr Properties Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Dbr Properties Limited and state those matters that we have agreed to state to the directors of Dbr Properties Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dbr Properties Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Dbr Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Dbr Properties Limited . You consider that Dbr Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Dbr Properties Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
18 October 2024
Paramount Accountancy WS Ltd
Chartered Accountants
Wakefield Suite, The Stables Lockwood Park
Huddersfield
West Yorkshire
HD4 6EN
Page 2
Page 3
Balance Sheet
Registered number: 06857337
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 741,000 880,000
741,000 880,000
CURRENT ASSETS
Debtors 5 4,390 610
Cash at bank and in hand 4,489 36,053
8,879 36,663
Creditors: Amounts Falling Due Within One Year 6 (271,545 ) (63,816 )
NET CURRENT ASSETS (LIABILITIES) (262,666 ) (27,153 )
TOTAL ASSETS LESS CURRENT LIABILITIES 478,334 852,847
Creditors: Amounts Falling Due After More Than One Year 7 - (270,000 )
NET ASSETS 478,334 582,847
CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 261,788 353,632
Profit and Loss Account 216,543 229,212
SHAREHOLDERS' FUNDS 478,334 582,847
Page 3
Page 4
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Keith Dyson
Director
Mr Steven Robinson
Director
18 October 2024
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Dbr Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06857337 . The registered office is Old Hassacks, Hassacks Lane, Honley, West Yorkshire, HD9 6RF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 5
Page 6
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 880,000
Disposals (75,000 )
Revaluations (64,000)
As at 31 March 2024 741,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,390 610
4,390 610
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,758 3,208
Bank loans and overdrafts 195,192 -
Corporation tax - 1,761
Accruals and deferred income 4,823 4,075
Directors' loan accounts 59,772 54,772
271,545 63,816
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 270,000
- 270,000
Page 6