Registered number
11819232
DFD Properties Ltd
Filleted Accounts
30 June 2024
DFD Properties Ltd
Registered number: 11819232
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,598,914 2,516,028
Current assets
Debtors 4 19,992 6,219
Cash at bank and in hand 286,271 397,913
306,263 404,132
Creditors: amounts falling due within one year 5 (43,939) (38,230)
Net current assets 262,324 365,902
Total assets less current liabilities 2,861,238 2,881,930
Creditors: amounts falling due after more than one year 6 (77,876) -
Net assets 2,783,362 2,881,930
Capital and reserves
Called up share capital 2,777,500 2,777,500
Profit and loss account 5,862 104,430
Shareholders' funds 2,783,362 2,881,930
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lady V Bernstein
Director
Approved by the board on 14 February 2025
DFD Properties Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 2,515,000 1,258 - 2,516,258
Additions - - 83,040 83,040
At 30 June 2024 2,515,000 1,258 83,040 2,599,298
Depreciation
At 1 July 2023 - 230 - 230
Charge for the year - 154 - 154
At 30 June 2024 - 384 - 384
Net book value
At 30 June 2024 2,515,000 874 83,040 2,598,914
At 30 June 2023 2,515,000 1,028 - 2,516,028
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 15,335 -
Other debtors 4,657 6,219
19,992 6,219
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,028 27,572
Taxation and social security costs 9,497 2,494
Other creditors 11,414 8,164
43,939 38,230
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 77,876 -
7 Other information
DFD Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o B Olsberg
Room 9 Enterprise House
3 Middleton Rd
Manchester
M8 5DT
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