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Company Registration No. 11355402 (England and Wales)
D & P (Lancaster) Limited Unaudited accounts for the year ended 31 July 2024
D & P (Lancaster) Limited Unaudited accounts Contents
Page
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D & P (Lancaster) Limited Company Information for the year ended 31 July 2024
Directors
Peter Charnley David Cookson
Company Number
11355402 (England and Wales)
Registered Office
Hare House 732 Whittingham Lane Preston PR3 2JJ
Accountants
The Tax Farm Hare House 732 Whittingham Lane Preston PR3 2JJ
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D & P (Lancaster) Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
684 
8,797 
Investment property
2,634,999 
2,499,999 
2,635,683 
2,508,796 
Current assets
Debtors
6,671 
6,360 
Cash at bank and in hand
14,920 
39,869 
21,591 
46,229 
Creditors: amounts falling due within one year
(184,786)
(171,337)
Net current liabilities
(163,195)
(125,108)
Total assets less current liabilities
2,472,488 
2,383,688 
Creditors: amounts falling due after more than one year
(1,810,382)
(1,668,382)
Provisions for liabilities
Deferred tax
(188,317)
(161,613)
Net assets
473,789 
553,693 
Capital and reserves
Called up share capital
500 
500 
Profit and loss account
473,289 
553,193 
Shareholders' funds
473,789 
553,693 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by
Peter Charnley Director Company Registration No. 11355402
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D & P (Lancaster) Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
D & P (Lancaster) Limited is a private company, limited by shares, registered in England and Wales, registration number 11355402. The registered office is Hare House, 732 Whittingham Lane, Preston, PR3 2JJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% - Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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D & P (Lancaster) Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2023
67,864 
At 31 July 2024
67,864 
Depreciation
At 1 August 2023
59,067 
Charge for the year
8,113 
At 31 July 2024
67,180 
Net book value
At 31 July 2024
684 
At 31 July 2023
8,797 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
2,499,999 
Additions
93,000 
Net gain from fair value adjustments
42,000 
At 31 July 2024
2,634,999 
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors at the year end.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
605 
1,002 
Accrued income and prepayments
1,383 
675 
Other debtors
4,683 
4,683 
6,671 
6,360 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
8,579 
Loans from directors
178,079 
156,987 
Deferred income
6,707 
5,771 
184,786 
171,337 
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D & P (Lancaster) Limited Notes to the Accounts for the year ended 31 July 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,653,348 
1,653,348 
Other creditors
157,034 
15,034 
1,810,382 
1,668,382 
9
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
188,317 
161,613 
2024 
2023 
£ 
£ 
Provision at start of year
161,613 
100,860 
Charged to the profit and loss account
26,704 
60,753 
Provision at end of year
188,317 
161,613 
10
Transactions with related parties
The following amounts were outstanding at the reporting date: Amounts due to related parties:- Market St Ltd - £98,317 (2023 - £4,683) The amount outstanding to Market St Ltd, a company in which both Mr. P. Charnley & Mr. D. Cookson are directors and shareholders, is in respect of a loan. No interest was charged on the loan during the period. P&PC Surveyors Ltd - £52,000 (2023 - £13,000) The amount outstanding to P&PC Surveyors Ltd, a company in which Mr. P. Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the period. P&M Properties - £1,734 (2023 - £1,734) The amount outstanding to P&M Properties, a partnership in which Mr. P. Charnley is a partner, is in respect of a loan. No interest was charged on the loan during the period. Charnley Property Limited - £300 (2023 - £300) The amount outstanding to Charnley Property Limited, a company in which Mr. P. Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the period.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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