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Company Registration No. 08950181 (England and Wales)
DGM Property Investments Limited Unaudited accounts for the year ended 31 March 2024
DGM Property Investments Limited Unaudited accounts Contents
Page
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DGM Property Investments Limited Company Information for the year ended 31 March 2024
Directors
N. O. Machin D. G. Machin
Company Number
08950181 (England and Wales)
Registered Office
20 South Lane Kingston upon Thames Surrey KT1 2NJ England
Accountants
Townley & Co Limited Warrington Business Centre 67 Bewsey Street Warrington WA2 7JQ
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DGM Property Investments Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
198,400 
198,600 
Tangible assets
1,509,600 
1,252,000 
1,708,000 
1,450,600 
Current assets
Cash at bank and in hand
27,573 
46,303 
Creditors: amounts falling due within one year
(855,323)
(697,952)
Net current liabilities
(827,750)
(651,649)
Net assets
880,250 
798,951 
Capital and reserves
Called up share capital
100 
100 
Share premium
310,100 
310,100 
Revaluation reserve
384,313 
384,313 
Profit and loss account
185,737 
104,438 
Shareholders' funds
880,250 
798,951 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by
N. O. Machin Director Company Registration No. 08950181
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DGM Property Investments Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
DGM Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 08950181. The registered office is 20 South Lane, Kingston upon Thames, Surrey, KT1 2NJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0% per annum
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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DGM Property Investments Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
200,000 
At 31 March 2024
200,000 
Amortisation
At 1 April 2023
1,400 
Charge for the year
200 
At 31 March 2024
1,600 
Net book value
At 31 March 2024
198,400 
At 31 March 2023
198,600 
5
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,252,000 
Additions
257,600 
At 31 March 2024
1,509,600 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
1,509,600 
At 31 March 2023
1,252,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
125,638 
132,401 
Taxes and social security
24,282 
8,189 
Other creditors
704,683 
556,642 
Accruals
720 
720 
855,323 
697,952 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Controlling party
The company is under the control of D.G. Machin and N.O. Machin by virtue of their directorships.
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DGM Property Investments Limited Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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