Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122022-12-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseManagement of real estate on a fee or contract basisfalsetruefalse 14558345 2022-12-27 14558345 2022-12-28 2023-12-31 14558345 2021-12-28 2022-12-27 14558345 2023-12-31 14558345 c:Director1 2022-12-28 2023-12-31 14558345 c:Director2 2022-12-28 2023-12-31 14558345 d:FreeholdInvestmentProperty 2022-12-28 2023-12-31 14558345 d:FreeholdInvestmentProperty 2023-12-31 14558345 d:CurrentFinancialInstruments 2023-12-31 14558345 d:Non-currentFinancialInstruments 2023-12-31 14558345 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14558345 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14558345 d:ShareCapital 2023-12-31 14558345 d:RetainedEarningsAccumulatedLosses 2023-12-31 14558345 c:FRS102 2022-12-28 2023-12-31 14558345 c:AuditExempt-NoAccountantsReport 2022-12-28 2023-12-31 14558345 c:FullAccounts 2022-12-28 2023-12-31 14558345 c:PrivateLimitedCompanyLtd 2022-12-28 2023-12-31 14558345 e:PoundSterling 2022-12-28 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14558345









DIAMOND PROPERTY HOLDINGS NE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
DIAMOND PROPERTY HOLDINGS NE LIMITED
REGISTERED NUMBER: 14558345

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
1,082,000

  
1,082,000

  

Creditors: amounts falling due within one year
 5 
(301,113)

Net current (liabilities)/assets
  
 
 
(301,113)

Total assets less current liabilities
  
780,887

Creditors: amounts falling due after more than one year
 6 
(896,336)

  

Net (liabilities)/assets
  
(115,449)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(115,450)

  
(115,449)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 December 2024.




Razak Hussain
Shaban Suleman
Director
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
DIAMOND PROPERTY HOLDINGS NE LIMITED
REGISTERED NUMBER: 14558345
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
DIAMOND PROPERTY HOLDINGS NE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Diamond Property Holdings NE Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration number of 14558345. The address of the registered office is 13 Riverside Studios Amethyst Road, Newcastle Business Park, Newcastle Upon Tyne, United Kingdom, NE4 7YL. The principal activity of the company in the year under review was that of management of real estate on a fee or contract basis.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 3

 
DIAMOND PROPERTY HOLDINGS NE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,082,000



At 31 December 2023
1,082,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.





5.


Creditors: Amounts falling due within one year

2023
£

Other creditors
301,113

301,113



6.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
896,336

896,336


The following liabilities were secured:




Details of security provided:

All loans are secured via fixed and floating charge over assets of the company.

Page 4

 
DIAMOND PROPERTY HOLDINGS NE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Related party transactions

S Suleman is also a director and shareholder of Ballentine Properties Limited. As at the balance sheet date, the company owed £17,514 to Ballentine Properties Limited, which is shown in Creditors due within one year.
S Suleman is also a director and shareholder of Peckvale Limited. As at the balance sheet date, the company owed £160,700 to Peckvale Limited, which is shown in Creditors due within one year.
S Suleman is also a director and shareholder of Pecks House Developments Limited. As at the balance sheet date, the company owed £64,639 to Pecks House Developments Limited, which is shown in Creditors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.


8.


Controlling party

During the year, the company was under the control of its directors.

 
Page 5