Company Registration No. 10846095 (England and Wales)
Daneets Developments Limited
Unaudited accounts
for the year ended 30 July 2024
Daneets Developments Limited
Unaudited accounts
Contents
Daneets Developments Limited
Company Information
for the year ended 30 July 2024
Director
Danny Bucksheesh Singh
Company Number
10846095 (England and Wales)
Accountants
MCC Accountants Ltd
10 Broughton Road
Salford
M6 6LS
Daneets Developments Limited
Statement of financial position
as at 30 July 2024
Tangible assets
1,775
1,966
Investment property
3,067,442
2,986,268
Cash at bank and in hand
2,926
24,854
Creditors: amounts falling due within one year
(49,442)
(55,701)
Net current (liabilities)/assets
(18,582)
38,563
Total assets less current liabilities
3,050,635
3,026,797
Creditors: amounts falling due after more than one year
(1,938,385)
(1,828,186)
Provisions for liabilities
Deferred tax
(295,119)
(295,119)
Net assets
817,131
903,492
Called up share capital
100
100
Profit and loss account
817,031
903,392
Shareholders' funds
817,131
903,492
For the year ending 30 July 2024 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 29 April 2025 and were signed on its behalf by
Danny Bucksheesh Singh
Director
Company Registration No. 10846095
Daneets Developments Limited
Notes to the Accounts
for the year ended 30 July 2024
Daneets Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 10846095.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
25%
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 July 2023
3,017
761
3,778
At 30 July 2024
3,017
761
3,778
At 31 July 2023
1,621
191
1,812
Charge for the year
-
191
191
At 30 July 2024
1,621
382
2,003
At 30 July 2024
1,396
379
1,775
At 30 July 2023
1,396
570
1,966
Fair value at 31 July 2023
2,986,268
Daneets Developments Limited
Notes to the Accounts
for the year ended 30 July 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
16,156
57,632
Other debtors
11,778
11,778
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
9,682
Taxes and social security
212
-
Other creditors
47,150
41,639
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,456,889
1,272,565
Loans from directors
481,496
555,621
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).