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REGISTERED NUMBER: 07401732 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th April 2024

for

DAM Investments and Properties Limited

DAM Investments and Properties Limited (Registered number: 07401732)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAM Investments and Properties Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: D J Mosley
A P Mosley





SECRETARY: Mrs R N Mosley





REGISTERED OFFICE: Ramsden Mills
Britannia Road
Milnsbridge
Huddersfield
HD3 4QG





REGISTERED NUMBER: 07401732 (England and Wales)

DAM Investments and Properties Limited (Registered number: 07401732)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 297,240 354,885
Investment property 5 9,159,242 9,339,242
9,456,482 9,694,127

CURRENT ASSETS
Debtors 6 58,233 1,086,197
Cash at bank 185,884 61,226
244,117 1,147,423
CREDITORS
Amounts falling due within one year 7 1,961,210 1,208,954
NET CURRENT LIABILITIES (1,717,093 ) (61,531 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,739,389

9,632,596

CREDITORS
Amounts falling due after more than one
year

8

-

(2,184,285

)

PROVISIONS FOR LIABILITIES (218,709 ) (239,903 )
NET ASSETS 7,520,680 7,208,408

CAPITAL AND RESERVES
Called up share capital 11 859 859
Share premium 4,541,880 4,541,880
Non-distributable reserve 475,979 529,197
Capital redemption reserve 152 152
Retained earnings 2,501,810 2,136,320
SHAREHOLDERS' FUNDS 7,520,680 7,208,408

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

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

DAM Investments and Properties Limited (Registered number: 07401732)

Balance Sheet - continued
30th April 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 14th November 2024 and were signed on its behalf by:





D J Mosley - Director


DAM Investments and Properties Limited (Registered number: 07401732)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

DAM Investments and Properties Limited 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on Reducing Balance and 10% Straight Line Basis

Investment property
Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Any aggregate surplus or deficit arising from changes in fair value is transferred to a non - distributable reserve.

Financial instruments
Basic financial instruments
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits.

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.


DAM Investments and Properties Limited (Registered number: 07401732)

Notes to the Financial Statements - continued
for the Year Ended 30th April 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Rental income
Rental income represents rents receivable during the financial year, excluding value added tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st May 2023
and 30th April 2024 666,169
DEPRECIATION
At 1st May 2023 311,284
Charge for year 57,645
At 30th April 2024 368,929
NET BOOK VALUE
At 30th April 2024 297,240
At 30th April 2023 354,885

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 9,339,242
Disposals (180,000 )
At 30th April 2024 9,159,242
NET BOOK VALUE
At 30th April 2024 9,159,242
At 30th April 2023 9,339,242

DAM Investments and Properties Limited (Registered number: 07401732)

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

5. INVESTMENT PROPERTY - continued

In the directors opinion the investment properties are stated at their fair value. Fair value is determined by external valuers and derived from the current market rents and investment property yields for comparable properties, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The majority of the investment properties are used for operating leases.

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2024 620,381
Cost 8,538,861
9,159,242

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by associates - 1,050,000
Other debtors 58,233 36,197
58,233 1,086,197

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 9) - 248,059
Amounts owed to associates 1,000,000 -
Taxation and social security 186,445 89,815
Other creditors 774,765 871,080
1,961,210 1,208,954

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) - 2,184,285

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments - 1,070,213

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 year - 248,059

DAM Investments and Properties Limited (Registered number: 07401732)

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

9. LOANS - continued
30.4.24 30.4.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years - 264,380

Amounts falling due between two and five years:
Bank loans - 2-5 years - 849,692

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments - 1,070,213

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans - 2,432,344

The bank loan is secured by debentures in favour of Barclays Bank Plc dated 8 July 2016, 26 July 2016, 20 February 2020 and 2 March 2021 over the whole of the undertakings, property and assets of the company together with an intercompany guarantee between Hartford Holdings Limited, Trojan Plastics Limited, DAM Investments and Properties Limited and Mantaleda Bathroom Company Limited.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2,424 Ordinary 'B' 10p 243 243
2,424 Ordinary 'C' 10p 242 242
3,737 Ordinary 'D' 10p 374 374
859 859

12. RELATED PARTY DISCLOSURES

During the year to 30 April 2024, operating costs of £799,269 (2023 - £639,772) were charged to associated companies. At 30 April 2024 £1,000,000 was due to an associated company (2023 - £1,050,000 was due from an associated company).

13. ULTIMATE CONTROLLING PARTY

There is no controlling party.