IRIS Accounts Production v24.1.4.33 14063669 director 1.6.23 31.5.24 31.5.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140636692023-05-31140636692024-05-31140636692023-06-012024-05-31140636692022-04-21140636692022-04-222023-05-31140636692023-05-3114063669ns15:EnglandWales2023-06-012024-05-3114063669ns14:PoundSterling2023-06-012024-05-3114063669ns10:Director12023-06-012024-05-3114063669ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3114063669ns10:SmallEntities2023-06-012024-05-3114063669ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3114063669ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3114063669ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3114063669ns10:FullAccounts2023-06-012024-05-3114063669ns10:OrdinaryShareClass12023-06-012024-05-3114063669ns10:RegisteredOffice2023-06-012024-05-3114063669ns5:CurrentFinancialInstruments2024-05-3114063669ns5:CurrentFinancialInstruments2023-05-3114063669ns5:Non-currentFinancialInstruments2024-05-3114063669ns5:Non-currentFinancialInstruments2023-05-3114063669ns5:ShareCapital2024-05-3114063669ns5:ShareCapital2023-05-3114063669ns5:FurtherSpecificReserve3ComponentTotalEquity2024-05-3114063669ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3114063669ns5:RetainedEarningsAccumulatedLosses2024-05-3114063669ns5:RetainedEarningsAccumulatedLosses2023-05-3114063669ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3114063669ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3114063669ns5:Secured2024-05-3114063669ns5:Secured2023-05-3114063669ns5:DeferredTaxation2023-05-3114063669ns5:DeferredTaxation2024-05-3114063669ns10:OrdinaryShareClass12024-05-3114063669ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-31
REGISTERED NUMBER: 14063669 (England and Wales)











DK Commercial Properties 2 Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






DK Commercial Properties 2 Ltd (Registered number: 14063669)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


DK Commercial Properties 2 Ltd

Company Information
for the Year Ended 31 May 2024







Director: V Sharma





Registered office: Unit 3B Wentworth House
Maple Court
Barnsley
South Yorkshire
S75 3DP





Registered number: 14063669 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

DK Commercial Properties 2 Ltd (Registered number: 14063669)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
Fixed assets
Investment property 4 2,850,000 2,850,000

Current assets
Debtors 5 449,694 317,878
Cash at bank 70,931 191,149
520,625 509,027
Creditors
Amounts falling due within one year 6 (74,366 ) (78,224 )
Net current assets 446,259 430,803
Total assets less current liabilities 3,296,259 3,280,803

Creditors
Amounts falling due after more than one
year

7

(1,693,900

)

(1,735,500

)

Provisions for liabilities 9 (306,845 ) (306,845 )
Net assets 1,295,514 1,238,458

DK Commercial Properties 2 Ltd (Registered number: 14063669)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £   
Capital and reserves
Called up share capital 10 1 1
Fair value reserve 11 1,308,130 1,308,130
Retained earnings (12,617 ) (69,673 )
Shareholders' funds 1,295,514 1,238,458

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25 July 2024 and were signed by:





V Sharma - Director


DK Commercial Properties 2 Ltd (Registered number: 14063669)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. Statutory information

DK Commercial Properties 2 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3. Employees and directors

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

4. Investment property
Total
£   
Fair value
At 1 June 2023
and 31 May 2024 2,850,000
Net book value
At 31 May 2024 2,850,000
At 31 May 2023 2,850,000

DK Commercial Properties 2 Ltd (Registered number: 14063669)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. Investment property - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 2,850,000

Investment property was valued on an open market basis on 31 May 2023 by Cluttons .

5. Debtors: amounts falling due within one year
31.5.24 31.5.23
£    £   
Other debtors 449,694 317,878

6. Creditors: amounts falling due within one year
31.5.24 31.5.23
£    £   
VAT 10,000 14,441
Accruals and deferred income 64,366 63,783
74,366 78,224

7. Creditors: amounts falling due after more than one year
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 1,693,900 1,735,500

8. Secured debts

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 1,693,900 1,735,500

Arbuthnot Latham hold a first ranking debenture containing fixed and floating charges over the assets of the company.

9. Provisions for liabilities
31.5.24 31.5.23
£    £   
Deferred tax 306,845 306,845

DK Commercial Properties 2 Ltd (Registered number: 14063669)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 June 2023 306,845
Balance at 31 May 2024 306,845

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

11. Reserves
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 1,308,130