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Company Registration No. 14106387 (England and Wales)
DJG PROPERTY INVESTMENTS LIMITED Unaudited accounts for the year ended 31 May 2024
DJG PROPERTY INVESTMENTS LIMITED Unaudited accounts Contents
Page
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DJG PROPERTY INVESTMENTS LIMITED Company Information for the year ended 31 May 2024
Director
Daniel Goodliffe
Company Number
14106387 (England and Wales)
Registered Office
23 BROOKLYN DRIVE RAYLEIGH SS6 9LW ENGLAND
Accountants
The Straightener Limited 83 Ducie Street Manchester M1 2JQ
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DJG PROPERTY INVESTMENTS LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
334,604 
- 
Current assets
Debtors
322 
100 
Cash at bank and in hand
389 
- 
711 
100 
Creditors: amounts falling due within one year
(355,202)
- 
Net current (liabilities)/assets
(354,491)
100 
Net (liabilities)/assets
(19,887)
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(19,987)
- 
Shareholders' funds
(19,887)
100 
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 14 February 2025 and were signed on its behalf by
Daniel Goodliffe Director Company Registration No. 14106387
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DJG PROPERTY INVESTMENTS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
DJG PROPERTY INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14106387. The registered office is 23 BROOKLYN DRIVE, RAYLEIGH, SS6 9LW, ENGLAND.
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.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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 represents the total rents receivable for the year.
4
Investment property
2024 
£ 
Additions
334,604 
At 31 May 2024
334,604 
The fair value of the property at 31st May 2024 has been arrived at on the basis of a valuation carried out at that date by Mr. Daniel Goodliffe, a director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location. The fair value is considered to be unchanged from it's original purchase cost.
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DJG PROPERTY INVESTMENTS LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
322 
- 
Other debtors
- 
100 
322 
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
241,940 
- 
Loans from directors
111,762 
- 
Accruals
1,500 
- 
355,202 
- 
The bank loans are secured on the relevant investment property held by the company.
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Amounts due to director
- 
111,762 
- 
111,762 
- 
111,762 
- 
111,762 
During the year, the director has loaned monies to the company. No interest has been charged and there is no set date for repayment.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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