Registered Number:05124910 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2024
DK&L Properties
Contents Page
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Statement of Financial Position
3 to 5
Notes to the Financial Statements
DK&L Properties
Statement of Financial Position
2023
2024
105
105
2
Property, plant and equipment |
697,871
697,873
3
123,200
117,200
4
815,176
821,178
Trade and other receivables |
806
806
5
5,085
Cash and cash equivalents |
3,074
3,880
5,891
Trade and other payables: amounts falling due |
within one year |
(4,759)
(4,146)
6
1,132
(266)
Net current liabilities
Total assets less current liabilities |
814,910
822,310
Trade and other payables: amounts falling due after |
more than one year |
(744,628)
(730,553)
7
(6,261)
(6,261)
Provisions for liabilities |
78,096
Net assets
71,421
100
100
77,996
71,321
78,096
71,421
Shareholders' funds
For the year ended 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver |
ed. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 May 2024
DK&L Properties
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 07 February 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 May 2024
DK&L Properties
Notes to the Financial Statements
Statutory Information
DK&L Properties is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 05124910. |
433 Chester Road
Old Trafford
Manchester
M16 9HA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of |
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and |
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared |
under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors |
the expected useful lives are sufficiently long and the estimated residual values are sufficiently high |
that any such depreciation would be immaterial. The directors undertake an annual impairment |
review of these properties. |
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For the year ended 31 May 2024
DK&L Properties
Notes to the Financial Statements Continued
2. Intangible fixed assets |
105
105
105
105
3. Property, plant and equipment |
698,057
192
697,865
697,865
192
698,057
Provision for depreciation and impairmen |
t |
184
184
-
Charge for year
2
2
-
186
186
-
697,865
6
697,871
697,865
8
697,873
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For the year ended 31 May 2024
DK&L Properties
Notes to the Financial Statements Continued
4. Investments held as fixed assets |
Loans to Group and participating interests |
123,200
123,200
(6,000)
(6,000)
117,200
117,200
117,200
117,200
123,200
123,200
5. Trade and other receivables |
2023
2024
806
806
6. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
1,566
2,299
2,580
2,460
4,146
4,759
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
332,404
332,404
398,149
412,224
730,553
744,628
8. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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