COMPANY REGISTRATION NUMBER:
14949444
Daisymay Property Limited |
|
Filleted Unaudited Financial Statements |
|
Daisymay Property Limited |
|
Statement of Financial Position |
|
31 August 2024
Fixed assets
Investment property |
5 |
|
477,949 |
|
|
|
|
Current assets
Cash at bank and in hand |
70 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
529,500 |
|
|
--------- |
|
Net current liabilities |
|
529,430 |
|
|
--------- |
Total assets less current liabilities |
|
(
51,481) |
|
|
-------- |
Net liabilities |
|
(
51,481) |
|
|
-------- |
|
|
|
|
Capital and reserves
Called up share capital |
7 |
|
100 |
Profit and loss account |
|
(
51,581) |
|
|
-------- |
Shareholders deficit |
|
(
51,481) |
|
|
-------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
21 March 2025
, and are signed on behalf of the board by:
Company registration number:
14949444
Daisymay Property Limited |
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Notes to the Financial Statements |
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Period from 21 June 2023 to 31 August 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Goodwins Fram, Wakes Colne, Colchester, Essex, United Kingdom, CO6 2AP, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the continued support of a related undertaking. The directors of the related undertaking have expressed their willingness to support the company for the foreseeable future by ensuring sufficient funds are available for the company to continue trading.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Average number of employees
During the year the average number of employees was 1 which consisted of the director only.
5.
Investment property
|
Investment property |
|
£ |
Cost |
|
At 21 June 2023 |
– |
Additions |
477,949 |
|
--------- |
At 31 August 2024 |
477,949 |
|
--------- |
Depreciation |
|
At 21 June 2023 and 31 August 2024 |
– |
|
--------- |
Carrying amount |
|
At 31 August 2024 |
477,949 |
|
--------- |
|
|
6.
Creditors:
amounts falling due within one year
|
31 Aug 24 |
|
£ |
Amounts owed to group undertakings |
526,900 |
Accruals and deferred income |
2,600 |
|
--------- |
|
529,500 |
|
--------- |
|
|
7.
Called up share capital
Issued, called up and fully paid
|
31 Aug 24 |
|
No. |
£ |
Ordinary shares of £ 1 each |
100 |
100 |
|
---- |
---- |
|
|
|
8.
Related party transactions
The company has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with any wholly owned subsidiaries within the group.