Company registration number 14162212 (England and Wales)
DJ PROPERTY ESTATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
DJ PROPERTY ESTATES LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
DJ PROPERTY ESTATES LIMITED
STATEMENT OF FINANCIAL POSITION
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
233,707
233,707
Current assets
Cash at bank and in hand
20,035
12,883
Creditors: amounts falling due within one year
(240,664)
(241,006)
Net current liabilities
(220,629)
(228,123)
Net assets
13,078
5,584
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
12,978
5,484
Total equity
13,078
5,584
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 19 March 2025 and are signed on its behalf by:
Mr J M C Little
Director
Company registration number 14162212 (England and Wales)
DJ PROPERTY ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
DJ Property Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Querns Business Centre, Whitworth Road, Cirencester, Gloucestershire, England, GL7 1RT.
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Rental income is recorded in the period to which it relates.
1.3
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.
1.4
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
DJ PROPERTY ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
3
Investment property
2024
£
Fair value
At 1 July 2023 and 30 June 2024
233,707
4
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary J of £1 each
50
50
Ordinary D of £1 each
50
50
100
100
5
Related party transactions
J M C Little
Director and shareholder
During a previous period and in the year to 30 June 2024, Mr Little loaned the company money for working capital. The amount due at the year end was £77,246 (2023: £76,001). The advance is unsecured, interest-free and repayable on demand.
D J C Little
Director and shareholder
During a previous period, Mr Little loaned the company money for working capital, some of which was repaid during the year to 30 June 2024. The amount due at the year end was £86,051 (2023: £87,001). The advance is unsecured, interest-free and repayable on demand.
Mrs J Little
Wife of Mr J M C Little
During a previous period, Mrs Little loaned the company £75,000 as working capital. The amount due at the year end was £75,000 (2023: £75,000). The loan is unsecured, interest-free and repayable on demand.