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REGISTERED NUMBER: 11288684 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

DDM PROPERTY LIMITED

DDM PROPERTY LIMITED (REGISTERED NUMBER: 11288684)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DDM PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs D P McMullan
Mr D W McMullan





REGISTERED OFFICE: C/O Christian Douglass
Accountants Limited
2 Jordan Steet, Knott Mill
Manchester
M15 4PY





REGISTERED NUMBER: 11288684 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

DDM PROPERTY LIMITED (REGISTERED NUMBER: 11288684)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 944 1,528
Investment property 5 2,614,985 2,734,985
2,615,929 2,736,513

CURRENT ASSETS
Debtors 6 400 549
Cash at bank and in hand 136,341 85,077
136,741 85,626
CREDITORS
Amounts falling due within one year 7 16,172 10,240
NET CURRENT ASSETS 120,569 75,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,736,498

2,811,899

CREDITORS
Amounts falling due after more than one year 8 (2,074,363 ) (2,137,773 )

PROVISIONS FOR LIABILITIES (164,718 ) (175,390 )
NET ASSETS 497,417 498,736

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 10 493,443 525,022
Retained earnings 3,774 (26,486 )
497,417 498,736

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

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

DDM PROPERTY LIMITED (REGISTERED NUMBER: 11288684)

BALANCE SHEET - continued
30 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 27 January 2025 and were signed on its behalf by:





Mrs D P McMullan - Director


DDM PROPERTY LIMITED (REGISTERED NUMBER: 11288684)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

DDM Property Limited is a private company, limited by shares, registered in England. The company's registered number is 11288684 and registered office address is 2 Jordan Street, Knott Mill, Manchester, England, M15 4PY.

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.

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 etc - 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.

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 3 (2023 - 3 ) .

DDM PROPERTY LIMITED (REGISTERED NUMBER: 11288684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 2,335
DEPRECIATION
At 1 May 2023 807
Charge for year 584
At 30 April 2024 1,391
NET BOOK VALUE
At 30 April 2024 944
At 30 April 2023 1,528

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 2,734,985
Disposals (120,000 )
At 30 April 2024 2,614,985
NET BOOK VALUE
At 30 April 2024 2,614,985
At 30 April 2023 2,734,985

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 657,925
Cost 1,957,060
2,614,985

At the balance sheet date investment property was stated at fair value as determined by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 400 549

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 204 198
Taxation and social security 7,473 1,647
Other creditors 3,495 3,395
16,172 10,240

DDM PROPERTY LIMITED (REGISTERED NUMBER: 11288684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 1,650,233 1,614,642
Other creditors 424,130 523,131
2,074,363 2,137,773

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 1,644,054 1,603,498

Reporting entity bank borrowings are secured by first legal charges over the entity's investment properties.

10. RESERVES
Revaluation
reserve
£   
At 1 May 2023 525,022
Reserves transfer (31,579 )

At 30 April 2024 493,443