Company registration number 11110750 (England and Wales)
DOI PROPERTY HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
DOI PROPERTY HOLDINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DOI PROPERTY HOLDINGS LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
30 September 2024
30 June 2023
Notes
£
£
£
£
Fixed assets
Investment property
4
550,000
515,000
Current assets
Debtors
5
2,430
2,429
Cash at bank and in hand
17,380
17,540
19,810
19,969
Creditors: amounts falling due within one year
6
(378,490)
(362,817)
Net current liabilities
(358,680)
(342,848)
Total assets less current liabilities
191,320
172,152
Provisions for liabilities
(31,097)
(23,367)
Net assets
160,223
148,785
Capital and reserves
Called up share capital
100
100
Other reserves
85,050
85,050
Profit and loss reserves
75,073
63,635
Total equity
160,223
148,785

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 March 2025 and are signed on its behalf by:
Ms J R Lambert
Director
Company Registration No. 11110750
DOI PROPERTY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

DOI Property Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Yeomans Court, Ware Road, Hertford, Hertfordshire, United Kingdom, SG13 7HJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements are prepared on a going concern basis. trueThe use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

1.3
Turnover

Rental income is recognised on a straight line basis over the term of the lease.

1.4
Investment properties

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. Changes in fair value are recognised in profit or loss.

 

1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

DOI PROPERTY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2023
Number
Number
Total
3
3
DOI PROPERTY HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 4 -
4
Investment property
2024
£
Fair value
At 1 July 2023
515,000
Revaluations
35,000
At 30 September 2024
550,000

Investment property comprises land and buildings at King William Court, Waltham Abbey, Hertford, EN9 3XP. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors.

 

The historical cost of the property at 30 September 2024 is £392,014.

 

The investment property was valuated on an open market basis by directors on 30/09/2024.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
2,430
2,429
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,800
-
0
Corporation tax
-
0
2,325
Other creditors
373,690
360,492
378,490
362,817
2024-09-302023-07-01falsefalsefalse14 March 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr E A BatesMr S BatesMs J R Lambert111107502023-07-012024-09-30111107502024-09-30111107502023-06-3011110750core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3011110750core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3011110750core:CurrentFinancialInstruments2024-09-3011110750core:CurrentFinancialInstruments2023-06-3011110750core:ShareCapital2024-09-3011110750core:ShareCapital2023-06-3011110750core:OtherMiscellaneousReserve2024-09-3011110750core:OtherMiscellaneousReserve2023-06-3011110750core:RetainedEarningsAccumulatedLosses2024-09-3011110750core:RetainedEarningsAccumulatedLosses2023-06-3011110750bus:Director32023-07-012024-09-30111107502023-06-3011110750core:WithinOneYear2024-09-3011110750core:WithinOneYear2023-06-3011110750bus:PrivateLimitedCompanyLtd2023-07-012024-09-3011110750bus:SmallCompaniesRegimeForAccounts2023-07-012024-09-3011110750bus:FRS1022023-07-012024-09-3011110750bus:AuditExemptWithAccountantsReport2023-07-012024-09-3011110750bus:Director12023-07-012024-09-3011110750bus:Director22023-07-012024-09-3011110750bus:FullAccounts2023-07-012024-09-30xbrli:purexbrli:sharesiso4217:GBP