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REGISTERED NUMBER: 11253049 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 March 2024

for

DBK Property Ltd

DBK Property Ltd (Registered number: 11253049)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DBK Property Ltd

Company Information
for the Year Ended 30 March 2024







DIRECTORS: Ka Wai Ng
Hang Tat Yip





SECRETARY: GetGround Secretary Limited





REGISTERED OFFICE: C/o Getground
1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 11253049 (England and Wales)






DBK Property Ltd (Registered number: 11253049)

Balance Sheet
30 March 2024

30.3.24 30.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 160
Investment property 6 836,416 836,416
836,416 836,576

CURRENT ASSETS
Debtors 7 3,678 6,441
Cash at bank 2,581 17,771
6,259 24,212
CREDITORS
Amounts falling due within one year 8 426,874 449,589
NET CURRENT LIABILITIES (420,615 ) (425,377 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,801

411,199

CREDITORS
Amounts falling due after more than
one year

9

455,138

455,175
NET LIABILITIES (39,337 ) (43,976 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (39,437 ) (44,076 )
(39,337 ) (43,976 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

DBK Property Ltd (Registered number: 11253049)

Balance Sheet - continued
30 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 14 January 2025 and were signed on its behalf by:




Hang Tat Yip - Director



Ka Wai Ng - Director


DBK Property Ltd (Registered number: 11253049)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

DBK Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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
Computer equipment - 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.

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.


DBK Property Ltd (Registered number: 11253049)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Developm
costs
£   
COST
At 31 March 2023
and 30 March 2024 22,232
AMORTISATION
At 31 March 2023
and 30 March 2024 22,232
NET BOOK VALUE
At 30 March 2024 -
At 30 March 2023 -

DBK Property Ltd (Registered number: 11253049)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 March 2023
and 30 March 2024 8,640 637 9,277
DEPRECIATION
At 31 March 2023 8,640 477 9,117
Charge for year - 160 160
At 30 March 2024 8,640 637 9,277
NET BOOK VALUE
At 30 March 2024 - - -
At 30 March 2023 - 160 160

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2023
and 30 March 2024 836,416
NET BOOK VALUE
At 30 March 2024 836,416
At 30 March 2023 836,416

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Other debtors 1,463 -
Prepayments and accrued income 2,215 6,441
3,678 6,441

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Trade creditors 13,188 2,100
Tax 321 -
Directors' loan accounts 408,521 443,889
Accruals and deferred income 4,844 3,600
426,874 449,589

DBK Property Ltd (Registered number: 11253049)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.3.24 30.3.23
£    £   
Bank loans - 2-5 years 130,032 130,050
Bank loans more 5 yrs non-inst 325,106 325,125
455,138 455,175

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 325,106 325,125

10. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.