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
DJG PROPERTY INVESTMENTS LIMITED
Company Information
for the year ended 31 May 2024
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
DJG PROPERTY INVESTMENTS LIMITED
Statement of financial position
as at 31 May 2024
Investment property
334,604
-
Cash at bank and in hand
389
-
Creditors: amounts falling due within one year
(355,202)
-
Net current (liabilities)/assets
(354,491)
100
Net (liabilities)/assets
(19,887)
100
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
DJG PROPERTY INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
DJG PROPERTY INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
322
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
241,940
-
Loans from directors
111,762
-
The bank loans are secured on the relevant investment property held by the company.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amounts due to director
-
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).