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Registered number: 12755438
DSDA Property Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Rapid Accounts Limited
Unit 20 The Wincombe Centre
Wincombe Business Park
Shaftesbury
Dorset
SP7 9QJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12755438
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 201,324
Investment Properties 5 232,102 -
232,102 201,324
CURRENT ASSETS
Debtors 6 1,139 859
Cash at bank and in hand 459 -
1,598 859
Creditors: Amounts Falling Due Within One Year 7 (54,960 ) (58,104 )
NET CURRENT ASSETS (LIABILITIES) (53,362 ) (57,245 )
TOTAL ASSETS LESS CURRENT LIABILITIES 178,740 144,079
Creditors: Amounts Falling Due After More Than One Year 8 (149,800 ) (149,800 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,135 ) -
NET ASSETS/(LIABILITIES) 24,805 (5,721 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 17,630 -
Profit and Loss Account 7,174 (5,722 )
SHAREHOLDERS' FUNDS 24,805 (5,721)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Mark House
Director
01/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
DSDA Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12755438 . The registered office is Unit 20 The Wincombe Centre, Wincombe Business Park, Shaftesbury, Dorset, SP7 9QJ.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
Leasehold Nil
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 years 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.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Leasehold Total
£ £ £
Cost or Valuation
As at 1 August 2023 81,235 129,102 210,337
Disposals (81,235 ) (129,102 ) (210,337 )
As at 31 July 2024 - - -
Depreciation
As at 1 August 2023 3,249 5,764 9,013
Disposals (3,249 ) (5,764 ) (9,013 )
As at 31 July 2024 - - -
Net Book Value
As at 31 July 2024 - - -
As at 1 August 2023 77,986 123,338 201,324
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 -
Additions 210,337
Depreciation and impairment -
Fair value adjustments 21,765
As at 31 July 2024 232,102
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,139 859
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 54,049 57,740
Taxation and social security 911 364
54,960 58,104
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgage loans 149,800 149,800
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Fair Value Reserve
£
Movements in fair value reserve 17,630
As at 31 July 2024 17,630
Page 4