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REGISTERED NUMBER: 10408956 (England and Wales)















Unaudited Financial Statements

for the Period 1st April 2023 to 30th March 2024

for

Doyle Simpson Properties Limited

Doyle Simpson Properties Limited (Registered number: 10408956)






Contents of the Financial Statements
for the Period 1st April 2023 to 30th March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Doyle Simpson Properties Limited

Company Information
for the Period 1st April 2023 to 30th March 2024







DIRECTORS: M G Doyle
D Simpson
Mrs C L Doyle
Mrs A Simpson





REGISTERED OFFICE: 30 Homesdale Road
Bromley
BR2 9LD





REGISTERED NUMBER: 10408956 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Doyle Simpson Properties Limited (Registered number: 10408956)

Balance Sheet
30th March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 3 1,567,547 1,567,547

CURRENT ASSETS
Debtors 4 338,435 341,763
Cash at bank 9,820 20,390
348,255 362,153
CREDITORS
Amounts falling due within one year 5 (352,194 ) (393,575 )
NET CURRENT LIABILITIES (3,939 ) (31,422 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,563,608 1,536,125

CREDITORS
Amounts falling due after more than one
year

6

(849,730

)

(850,506

)

PROVISIONS FOR LIABILITIES (103,354 ) (103,354 )
NET ASSETS 610,524 582,265

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 440,541 440,541
Retained earnings 169,883 141,624
610,524 582,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th March 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.

Doyle Simpson Properties Limited (Registered number: 10408956)

Balance Sheet - continued
30th March 2024


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 28th February 2025 and were signed on its behalf by:





M G Doyle - Director


Doyle Simpson Properties Limited (Registered number: 10408956)

Notes to the Financial Statements
for the Period 1st April 2023 to 30th March 2024

1. 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.

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.

The directors see no real benefit in revaluing the properties.

TAXATION
Taxation for the period 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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 30th March 2024 1,567,547
NET BOOK VALUE
At 30th March 2024 1,567,547
At 31st March 2023 1,567,547

Doyle Simpson Properties Limited (Registered number: 10408956)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 30th March 2024

3. INVESTMENT PROPERTY - continued

Fair value at 30th March 2024 is represented by:
£   
Valuation in 2019 177,737
Valuation in 2020 60,437
Valuation in 2022 50,000
Valuation in 2023 180,000
Cost 1,099,373
1,567,547

The directors see no benefit in revaluing the properties.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 815 889
Other debtors 337,620 340,874
338,435 341,763

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 872
Taxation and social security 6,179 27,998
Other creditors 346,015 364,705
352,194 393,575

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 849,730 850,506

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 849,730 850,506

8. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 30th March 2024 440,541

Doyle Simpson Properties Limited (Registered number: 10408956)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 30th March 2024

9. RELATED PARTY DISCLOSURES

At the year end, Doyle Simpson Properties Ltd was owed £20,000 (2023: £20,000) by HWG Properties Limited, an entity over which the directors have control. This balance is included within other debtors (note 4).