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REGISTERED NUMBER: 07171241 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 June 2024

for

Daly Investments Limited

Daly Investments Limited (Registered number: 07171241)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Daly Investments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J F Daly
Mrs J Daly





REGISTERED OFFICE: Chartered House
Axis Court
Nepshaw Lane South, Gildersome
Leeds
West Yorkshire
LS27 7UY





REGISTERED NUMBER: 07171241 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

Daly Investments Limited (Registered number: 07171241)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,776 3,959
Investments 5 1 1
Investment property 6 873,073 873,073
878,850 877,033

CURRENT ASSETS
Debtors 7 484 186
Cash at bank 54,413 71,996
54,897 72,182
CREDITORS
Amounts falling due within one year 8 228,370 258,208
NET CURRENT LIABILITIES (173,473 ) (186,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,377

691,007

PROVISIONS FOR LIABILITIES 6,953 6,566
NET ASSETS 698,424 684,441

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 698,422 684,439
SHAREHOLDERS' FUNDS 698,424 684,441

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Daly Investments Limited (Registered number: 07171241)

Balance Sheet - continued
30 June 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 20 November 2024 and were signed on its behalf by:





J F Daly - Director


Daly Investments Limited (Registered number: 07171241)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Daly Investments 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.

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 - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Taxation
Taxation for the year 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 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.

Daly Investments Limited (Registered number: 07171241)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 3,533 3,760 7,293
Additions 440 4,250 4,690
Disposals (245 ) (245 ) (490 )
At 30 June 2024 3,728 7,765 11,493
DEPRECIATION
At 1 July 2023 883 2,451 3,334
Charge for year 772 1,881 2,653
Eliminated on disposal (107 ) (163 ) (270 )
At 30 June 2024 1,548 4,169 5,717
NET BOOK VALUE
At 30 June 2024 2,180 3,596 5,776
At 30 June 2023 2,650 1,309 3,959

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 1

Daly Investments Limited (Registered number: 07171241)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 873,073
NET BOOK VALUE
At 30 June 2024 873,073
At 30 June 2023 873,073

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 284,291
Valuation in 2021 201,664
Valuation in 2023 387,118
873,073

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Prepayments and accrued income 484 186

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors - 313
Directors' current accounts 226,870 257,745
Accruals and deferred income 1,500 150
228,370 258,208

9. ULTIMATE CONTROLLING PARTY

The company is under the joint control of it's directors.