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REGISTERED NUMBER: 10187304 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

DMC PROPERTY INVESTMENT LIMITED

DMC PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 10187304)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DMC PROPERTY INVESTMENT LIMITED

Company Information
for the year ended 31 May 2024







Directors: Mr D G Carter
Mrs M A Carter





Registered office: Juniper House
Warley Hill Business Park, The Drive
Brentwood
Essex
CM13 3BE





Registered number: 10187304 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

DMC PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 10187304)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 23,488 29,358
Investments 5 388 388
Investment property 6 1,643,108 1,636,814
1,666,984 1,666,560

Current assets
Debtors 7 4,459 297
Cash at bank 57,146 77,873
61,605 78,170
Creditors
Amounts falling due within one year 8 486,500 475,994
Net current liabilities (424,895 ) (397,824 )
Total assets less current liabilities 1,242,089 1,268,736

Provisions for liabilities 9 34,372 34,078
Net assets 1,207,717 1,234,658

Capital and reserves
Called up share capital 10 3,875 3,875
Revaluation reserve 11 121,500 121,500
Retained earnings 1,082,342 1,109,283
Shareholders' funds 1,207,717 1,234,658

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:



Mr D G Carter - Director


DMC PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 10187304)

Notes to the Financial Statements
for the year ended 31 May 2024


1. Statutory information

DMC Property Investment Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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 Profit and Loss Account, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Employees and directors

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

DMC PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 10187304)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 June 2023
and 31 May 2024 57,903
Depreciation
At 1 June 2023 28,545
Charge for year 5,870
At 31 May 2024 34,415
Net book value
At 31 May 2024 23,488
At 31 May 2023 29,358

5. Fixed asset investments
Interest
in
associate
£   
Cost
At 1 June 2023
and 31 May 2024 388
Net book value
At 31 May 2024 388
At 31 May 2023 388

6. Investment property
Total
£   
Fair value
At 1 June 2023 1,636,814
Additions 6,294
At 31 May 2024 1,643,108
Net book value
At 31 May 2024 1,643,108
At 31 May 2023 1,636,814

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2020 150,000
Cost 1,493,108
1,643,108

DMC PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 10187304)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 4,459 297

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 659 -
Other creditors 485,841 475,994
486,500 475,994

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 34,372 34,078

Deferred
tax
£   
Balance at 1 June 2023 34,078
Provided during year 294
Balance at 31 May 2024 34,372

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,425 Ordinary A Shares 0.50 1,356 1,356
2,325 Ordinary B Shares 0.50 1,163 1,163
2,712 Ordinary C Shares 0.50 1,356 1,356
3,875 3,875

11. Reserves
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 121,500

DMC PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 10187304)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr D G Carter and Mrs M A Carter
Balance outstanding at start of year (432,718 ) (427,664 )
Amounts repaid 16,129 (5,054 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (416,589 ) (432,718 )