Silverfin false false 30/06/2024 01/07/2023 30/06/2024 B Kaczorowska 14/06/2021 M A Kaczorowski 14/06/2021 24 March 2025 The principal activity of the Company during the financial year was that of a property investment company. 13453800 2024-06-30 13453800 bus:Director1 2024-06-30 13453800 bus:Director2 2024-06-30 13453800 2023-06-30 13453800 core:CurrentFinancialInstruments 2024-06-30 13453800 core:CurrentFinancialInstruments 2023-06-30 13453800 core:Non-currentFinancialInstruments 2024-06-30 13453800 core:Non-currentFinancialInstruments 2023-06-30 13453800 core:ShareCapital 2024-06-30 13453800 core:ShareCapital 2023-06-30 13453800 core:RetainedEarningsAccumulatedLosses 2024-06-30 13453800 core:RetainedEarningsAccumulatedLosses 2023-06-30 13453800 2023-07-01 2024-06-30 13453800 bus:FilletedAccounts 2023-07-01 2024-06-30 13453800 bus:SmallEntities 2023-07-01 2024-06-30 13453800 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13453800 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13453800 bus:Director1 2023-07-01 2024-06-30 13453800 bus:Director2 2023-07-01 2024-06-30 13453800 2022-07-01 2023-06-30 13453800 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 13453800 (England and Wales)

DUCKSKI PROPERTY INVESTMENT LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

DUCKSKI PROPERTY INVESTMENT LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

DUCKSKI PROPERTY INVESTMENT LTD

BALANCE SHEET

As at 30 June 2024
DUCKSKI PROPERTY INVESTMENT LTD

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 198,889 198,889
198,889 198,889
Current assets
Debtors 4 100 100
Cash at bank and in hand 34,108 2,695
34,208 2,795
Creditors: amounts falling due within one year 5 ( 89,999) ( 60,000)
Net current liabilities (55,791) (57,205)
Total assets less current liabilities 143,098 141,684
Creditors: amounts falling due after more than one year 6 ( 146,093) ( 146,093)
Accruals and deferred income ( 846) ( 660)
Net liabilities ( 3,841) ( 5,069)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 3,941 ) ( 5,169 )
Total shareholders' deficit ( 3,841) ( 5,069)

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Duckski Property Investment Ltd (registered number: 13453800) were approved and authorised for issue by the Board of Directors on 24 March 2025. They were signed on its behalf by:

M A Kaczorowski
Director
DUCKSKI PROPERTY INVESTMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
DUCKSKI PROPERTY INVESTMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Duckski Property Investment Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6 Victoria Street, Burnham-On-Sea, TA8 1AL, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the rental of the property held by the company.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 July 2023 198,889
As at 30 June 2024 198,889

4. Debtors

2024 2023
£ £
Other debtors 100 100

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 89,999 2,500
Other creditors 0 57,500
89,999 60,000

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 146,093 146,093

The bank loan is secured against the property owned by the company.

7. Related party transactions

Other related party transactions

Community Care Investment Group Limited is a company under common control and ownership. At the year end date the company owed £90,000 (2023 - £2,500) to Community Care Investment Group Limited.