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Company Registration No. 14342231 (England and Wales)
DSP Property Management Ltd Unaudited accounts for the period from 7 September 2022 to 31 August 2023
DSP Property Management Ltd Unaudited accounts Contents
Page
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DSP Property Management Ltd Company Information for the period from 7 September 2022 to 31 August 2023
Director
Damien Steve Powell
Company Number
14342231 (England and Wales)
Registered Office
FIRST FLOOR 85 GREAT PORTLAND STREET LONDON W1W 7LT ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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DSP Property Management Ltd Accountants' report
Accountants' report to the director of DSP Property Management Ltd on the preparation of the unaudited statutory accounts for the period from 7 September 2022 to 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DSP Property Management Ltd for the period from 7 September 2022 to 31 August 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of DSP Property Management Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of DSP Property Management Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DSP Property Management Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that DSP Property Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DSP Property Management Ltd. You consider that DSP Property Management Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of DSP Property Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 22 April 2025
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DSP Property Management Ltd Statement of financial position as at 31 August 2023
2023 
Notes
£ 
Fixed assets
Investment property
120,000 
Current assets
Cash at bank and in hand
2,284 
Creditors: amounts falling due within one year
(36,375)
Net current liabilities
(34,091)
Total assets less current liabilities
85,909 
Creditors: amounts falling due after more than one year
(73,402)
Provisions for liabilities
Deferred tax
(3,124)
Net assets
9,383 
Capital and reserves
Called up share capital
12 
Revaluation reserve
12,133 
Profit and loss account
(2,762)
Shareholders' funds
9,383 
For the period ending 31 August 2023 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 director acknowledges his 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 and authorised for issue on 23 April 2025 and were signed on its behalf by
Damien Steve Powell Director Company Registration No. 14342231
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DSP Property Management Ltd Notes to the Accounts for the period from 7 September 2022 to 31 August 2023
1
Statutory information
DSP Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 14342231. The registered office is FIRST FLOOR, 85 GREAT PORTLAND STREET, LONDON, W1W 7LT, ENGLAND.
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
These financial statements for the period from 7 September 2022 to 31 August 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 7 September 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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.
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.
4
Investment property
2023 
£ 
Additions
103,823 
Net gain from fair value adjustments
16,177 
At 31 August 2023
120,000 
5
Creditors: amounts falling due within one year
2023 
£ 
Loans from directors
32,659 
Accruals
1,260 
Deferred income
2,456 
36,375 
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DSP Property Management Ltd Notes to the Accounts for the period from 7 September 2022 to 31 August 2023
6
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
73,402 
Aggregate of amounts that fall due for payment after five years
73,402 
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
7
Deferred taxation
2023 
£ 
Revaluation of investment property
4,044 
Tax losses carried forward
(920)
3,124 
2023 
£ 
Charged to the profit and loss account
3,124 
Provision at end of period
3,124 
8
Average number of employees
During the period the average number of employees was 0.
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