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REGISTERED NUMBER: 14110150 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

DMK PROPERTY GROUP LTD

DMK PROPERTY GROUP LTD (REGISTERED NUMBER: 14110150)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DMK PROPERTY GROUP LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2024







Directors: Mr P Connolly
Mrs A Connolly





Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ





Registered number: 14110150 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

DMK PROPERTY GROUP LTD (REGISTERED NUMBER: 14110150)

Balance Sheet
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 160,136 143,510

CURRENT ASSETS
Cash at bank 2,493 1,997

CREDITORS
Amounts falling due within one year 5 87,767 83,656
NET CURRENT LIABILITIES (85,274 ) (81,659 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,862

61,851

CREDITORS
Amounts falling due after more than one year 6 (82,980 ) (89,980 )

PROVISIONS FOR LIABILITIES 8 (3,750 ) -
NET LIABILITIES (11,868 ) (28,129 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 11,250 -
Retained earnings (23,218 ) (28,229 )
SHAREHOLDERS' FUNDS (11,868 ) (28,129 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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 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.

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 7 February 2025 and were signed on its behalf by:




Mrs A Connolly - Director


DMK PROPERTY GROUP LTD (REGISTERED NUMBER: 14110150)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

DMK Property Group Ltd 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 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 and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 143,510
Additions 1,626
Revaluations 15,000
At 31 May 2024 160,136
NET BOOK VALUE
At 31 May 2024 160,136
At 31 May 2023 143,510

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 160,136

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 87,767 83,656

DMK PROPERTY GROUP LTD (REGISTERED NUMBER: 14110150)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 82,980 89,980

7. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank Loans 82,980 89,980

The bank loan is secured against the investment property, dated 14 October 2022, in favour of The Mortgage Works (UK) PLC.

8. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 3,750 -

Deferred
tax
£   
Provided during year 3,750
Balance at 31 May 2024 3,750

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
50 Ordinary A 50 50 50
50 Ordinary B 50 50 50
100 100

10. RESERVES
Fair
value
reserve
£   
Transfer to fair value reserve 11,250

At 31 May 2024 11,250