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REGISTERED NUMBER: 02952009 (England and Wales)















DICELAND PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMB






DICELAND PROPERTIES LIMITED (REGISTERED NUMBER: 02952009)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DICELAND PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: J A R Collins



REGISTERED OFFICE: The Bridge House
Mill Lane
Dronfield
Derbyshire
S18 2XL



REGISTERED NUMBER: 02952009 (England and Wales)



ACCOUNTANTS: Ian R Collins & Co
The Bridge House
Dronfield
S18 2XL



BANKERS: Virgin Money
681 Chesterfield Road
Sheffield
S8 0RY

DICELAND PROPERTIES LIMITED (REGISTERED NUMBER: 02952009)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 200,891 141,798

CURRENT ASSETS
Debtors 5 398 379
Cash at bank 1,086 888
1,484 1,267
CREDITORS
Amounts falling due within one
year

6

(65,837

)

(62,728

)
NET CURRENT LIABILITIES (64,353 ) (61,461 )
TOTAL ASSETS LESS
CURRENT LIABILITIES

136,538

80,337

CREDITORS
Amounts falling due after more
than one year

7

-

(375

)
NET ASSETS 136,538 79,962

DICELAND PROPERTIES LIMITED (REGISTERED NUMBER: 02952009)

BALANCE SHEET - continued
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 8 120,387 60,387
Retained earnings 16,141 19,565
SHAREHOLDERS' FUNDS 136,538 79,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th March 2025 and were signed by:





J A R Collins - Director


DICELAND PROPERTIES LIMITED (REGISTERED NUMBER: 02952009)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Diceland Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


DICELAND PROPERTIES LIMITED (REGISTERED NUMBER: 02952009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1st October 2023 140,000 - 2,880
Additions - 785 -
Revaluations 60,000 - -
At 30th September 2024 200,000 785 2,880
DEPRECIATION
At 1st October 2023 - - 2,880
Charge for year - 144 -
At 30th September 2024 - 144 2,880
NET BOOK VALUE
At 30th September 2024 200,000 641 -
At 30th September 2023 140,000 - -

DICELAND PROPERTIES LIMITED (REGISTERED NUMBER: 02952009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1st October 2023 5,981 1,986 150,847
Additions - - 785
Revaluations - - 60,000
At 30th September 2024 5,981 1,986 211,632
DEPRECIATION
At 1st October 2023 4,236 1,933 9,049
Charge for year 1,495 53 1,692
At 30th September 2024 5,731 1,986 10,741
NET BOOK VALUE
At 30th September 2024 250 - 200,891
At 30th September 2023 1,745 53 141,798

Included in cost or valuation of land and buildings is freehold land of £ 200,000 (2023 - £ 140,000 ) which is not depreciated.

Cost or valuation at 30th September 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2018 87,063 - -
Valuation in 2024 60,000 - -
Cost 52,937 785 2,880
200,000 785 2,880

DICELAND PROPERTIES LIMITED (REGISTERED NUMBER: 02952009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2018 - - 87,063
Valuation in 2024 - - 60,000
Cost 5,981 1,986 64,569
5,981 1,986 211,632

If 20 Abbey Lane ,Sheffield had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 52,937 52,937

Value of land in freehold land and buildings 200,000 140,000

Freehold land and buildings were valued on an open market basis on 30th September 2024 by James A R Collins .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Other debtors 398 379

6. CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 375 1,500
Trade creditors - 1
Taxation and social security - 273
Other creditors 65,462 60,954
65,837 62,728

DICELAND PROPERTIES LIMITED (REGISTERED NUMBER: 02952009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 375

8. RESERVES
Revaluation
reserve
£   
At 1st October 2023 60,387
No description 60,000

At 30th September 2024 120,387

9. ULTIMATE CONTROLLING PARTY

The controlling party is J A R Collins.