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Registered Number: 13365883
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 December 2024

for

DIMENSION PROPERTY GROUP LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 2 347    433 
Financial assets 3 1,700,000    1,545,000 
1,700,347    1,545,433 
Current assets
Debtors 4 101,557    80,580 
Cash at bank and in hand 94,305    4,822 
195,862    85,402 
Creditors: amount falling due within one year 5 (475,930)   (885,001)
Net current assets/(liabilities) (280,068)   (799,599)
 
Total assets less current liabilities 1,420,279    745,834 
Creditors: amount falling due after more than one year 6 (1,076,407)   (518,050)
Provisions for liabilities 7 (138,382)   (108,932)
Net assets/(liabilities) 205,490    118,852 
 

Capital and reserves
Called up share capital 301    301 
Profit and loss account 8 205,189    118,551 
Shareholders fund 205,490    118,852 
 
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Louis Frazer Francis
Director

Date approved: 27 February 2025
1
Statutory Information
DIMENSION PROPERTY GROUP LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 13365883, registration address 42-44 Bishopsgate, London, EC2N 4AH, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.

Tangible fixed assets

Cost or Valuation Computer equipment   Total
  £   £
At 01 January 2024 500    500 
Additions  
At 31 December 2024 500    500 
Depreciation
At 01 January 2024 67    67 
Charge for year 86    86 
At 31 December 2024 153    153 
Net book values
Closing balance as at 31 December 2024 347    347 
Opening balance as at 01 January 2024 433    433 

3.

Financial assets

Cost or Valuation Investment in property   Total
  £   £
At 01 January 2024 1,545,000    1,545,000 
Additions  
Revaluations 155,000    155,000 
At 31 December 2024 1,700,000    1,700,000 
Depreciation
At 01 January 2024  
At 31 December 2024  
Net book values
At 31 December 2024 1,700,000    1,700,000 
At 01 January 2024 1,545,000    1,545,000 
4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other debtors   33,346 
Deferred tax debtor 89,550    47,234 
Tenants Deposit in Escrow - TDS 12,007   
101,557    80,580 
5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade creditors   8,358 
Accruals & deferred income   1,242 
Other creditors 1   
Capital on Tap Account   6,647 
Loan - Amber Mehew 30,000    50,000 
Loan - Elspeth Clarke   30,000 
Loan - Nathaniel Turner   20,000 
Loan account Roy Francis   155,000 
Platinum Business Supplementar 197   
American Express Platinum 1,385   
DLA/ConorNeilan 391,560    552,620 
DLA/LouisFrancis 52,787    61,134 
475,930    885,001 
6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Mortgage - 18 Conference Road 282,410   
Tenant's Security Deposit 12,007   
Mortgage - 11 Mitford Terrace 263,940   
Mortgage - 11 Grove Gardens 319,725    319,725 
Mortgage - 2 Nansen Terrace 198,325    198,325 
1,076,407    518,050 
7.

Provisions for liabilities

2024
£
  2023
£
Deferred tax 138,382    108,932 
138,382    108,932 
8.

Profit and loss account

  2024
£
Balance at 01 January 2024 118,551 
Profit for the year 86,638 
Balance at 31 December 2024 205,189 

9.

Average number of employees

Average number of employees during the year was 0 (2023: 0).
2