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REGISTERED NUMBER: 12173215 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 August 2024

for

DC Creative Property Solutions Ltd

DC Creative Property Solutions Ltd (Registered number: 12173215)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DC Creative Property Solutions Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs D M Neilson
Mr C M Neilson





REGISTERED OFFICE: 4 Canal View Drive
Burscough
Ormskirk
West Lancs
L40 0SX





REGISTERED NUMBER: 12173215 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

DC Creative Property Solutions Ltd (Registered number: 12173215)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 275,000 259,550

CURRENT ASSETS
Cash at bank 836 2,105

CREDITORS
Amounts falling due within one year 5 39,677 59,409
NET CURRENT LIABILITIES (38,841 ) (57,304 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,159

202,246

CREDITORS
Amounts falling due after more than one
year

6

(212,889

)

(183,413

)

PROVISIONS FOR LIABILITIES (10,781 ) (8,655 )
NET ASSETS 12,489 10,178

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 53,654 44,589
Retained earnings 8 (41,167 ) (34,413 )
12,489 10,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DC Creative Property Solutions Ltd (Registered number: 12173215)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:




Mrs D M Neilson - Director



Mr C M Neilson - Director


DC Creative Property Solutions Ltd (Registered number: 12173215)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

DC Creative Property Solutions Ltd 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 2 (2023 - 2 ) .

DC Creative Property Solutions Ltd (Registered number: 12173215)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 259,550
Additions 4,259
Revaluations 11,191
At 31 August 2024 275,000
NET BOOK VALUE
At 31 August 2024 275,000
At 31 August 2023 259,550

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 15,000
Valuation in 2022 40,048
Valuation in 2024 11,191
Cost 208,761
275,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 2,520 2,520
Other creditors 37,157 56,889
39,677 59,409

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 212,889 183,413

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 203,340 171,765

DC Creative Property Solutions Ltd (Registered number: 12173215)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Mortgage 203,340 171,765
Bounce back loan 12,070 14,168
215,410 185,933

The Mortgage Works and Kent Reliance have charges in the form of mortgages secured against the 2 investment properties.

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Barclays Bank.

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 (34,413 ) 44,589 10,176
Profit for the year 2,310 2,310
Fair value reserve (9,064 ) 9,065 1
At 31 August 2024 (41,167 ) 53,654 12,487

The fair value reserve is not a distributable reserve.