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Company Registration No. 09591760 (England and Wales)
DAMTEY LTD Unaudited accounts for the year ended 31 May 2024
DAMTEY LTD Unaudited accounts Contents
Page
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DAMTEY LTD Company Information for the year ended 31 May 2024
Director
Adedamola Adesiyan
Company Number
09591760 (England and Wales)
Registered Office
47 Round Top Close Cliffewoods Rochester Kent ME3 8GZ
Accountants
Olaando Consulting Ltd 7 Bell Yard London WC2A 2JR
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DAMTEY LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
32,789 
56,435 
Current assets
Debtors
(58)
12,010 
Cash at bank and in hand
6,152 
314 
6,094 
12,324 
Creditors: amounts falling due within one year
(40,468)
(71,336)
Net current liabilities
(34,374)
(59,012)
Total assets less current liabilities
(1,585)
(2,577)
Creditors: amounts falling due after more than one year
(20,332)
(20,229)
Net liabilities
(21,917)
(22,806)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(22,917)
(23,806)
Shareholders' funds
(21,917)
(22,806)
For the year ending 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2025 and were signed on its behalf by
Adedamola Adesiyan Director Company Registration No. 09591760
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DAMTEY LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
DAMTEY LTD is a private company, limited by shares, registered in England and Wales, registration number 09591760. The registered office is 47 Round Top Close, Cliffewoods, Rochester, Kent, ME3 8GZ .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Investments
Other investments 
£ 
Valuation at 1 June 2023
56,435 
Additions
1,354 
Disposals
(25,000)
Valuation at 31 May 2024
32,789 
Investment in Greensacpe Partners LLP as at the end of the financial year was £2,789 (previous year: £26,435). Damtey Ltd invested the sum of £30,000 into Brickstone Partners LLP during the financial year ended 31 May 2020. This investment is still held by Damtey Ltd as at the end of the financial year. Damtey Ltd will partake in profit sharing when the property is disposed.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
(58)
12,010 
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DAMTEY LTD Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,962 
2,380 
Other creditors
- 
1,437 
Loans from directors
38,206 
61,154 
Accruals
300 
6,365 
40,468 
71,336 
The bank loan of £1,962 relates to amount payable within one year on the bounce back loan.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,656 
20,229 
Loans from directors
2,676 
- 
20,332 
20,229 
The bank loan of £17,656 relates to amounts due after one year on the bounce back loan.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Transactions with related parties
Damtey Ltd has an Investment of £2,789 in Greensacpe Partners LLP. Damtey Ltd is a partner in Greensacpe Partners LLP.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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