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REGISTERED NUMBER: 11312473 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

DK Property Portfolio Limited

DK Property Portfolio Limited (Registered number: 11312473)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DK Property Portfolio Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: D Kennefick



REGISTERED OFFICE: 1 Warminster Close
Houlton
Rugby
Warwickshire
CV23 1DE



REGISTERED NUMBER: 11312473 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: HSBC Plc
133-135 Daventry Road
Cheylesmore
Coventry
CV3 5HD

DK Property Portfolio Limited (Registered number: 11312473)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 670,000 670,000

CURRENT ASSETS
Debtors 5 3,634 3,720
Cash at bank 1,041 2,945
4,675 6,665
CREDITORS
Amounts falling due within one year 6 217,860 212,850
NET CURRENT LIABILITIES (213,185 ) (206,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,815

463,815

CREDITORS
Amounts falling due after more than one
year

7

541,642

541,687
NET LIABILITIES (84,827 ) (77,872 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (84,828 ) (77,873 )
SHAREHOLDERS' FUNDS (84,827 ) (77,872 )

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 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.

DK Property Portfolio Limited (Registered number: 11312473)

Statement of Financial Position - 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 director and authorised for issue on 28 January 2025 and were signed by:





D Kennefick - Director


DK Property Portfolio Limited (Registered number: 11312473)

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


1. STATUTORY INFORMATION

DK Property Portfolio 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.

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 represents rental income due for the accounting period from the investment property.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
Despite net current liabilities of £213,185 (2023 - £206,185), the financial statements have been prepared on a going concern basis. The director has reviewed the future cash flows of the business and has expressed his intention to financially support the company for the foreseeable future, deeming the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

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

DK Property Portfolio Limited (Registered number: 11312473)

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


4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 May 2023
and 30 April 2024 670,000
Net book value
At 30 April 2024 670,000
At 30 April 2023 670,000

The director having reviewed the local property market and after making enquiries with local agents has determined that the property values have not significantly changed during the year, so the fair value of investment property remains unchanged.

If investment property had not been revalued it would be included at a historical cost of £695,129 (2023 - £695,129).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Other debtors 3,634 3,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 1,751 -
Other creditors 216,109 212,850
217,860 212,850

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 541,642 541,687

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 541,642 541,687

8. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Mortgages (bank loans) 541,642 541,687

The mortgages are secured by way of fixed charges over the company's investment properties.

DK Property Portfolio Limited (Registered number: 11312473)

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


9. RELATED PARTY DISCLOSURES

D Kennefick
Director

The director has loaned funds to the company to assist with the purchase of the investment properties. At 30 April 2024 the balance owed to the director was £214,385 (2023 - £211,650). The loan is interest free and is considered repayable on demand as it has no fixed repayment terms.