31 July 2023 false No description of principal activity Taxfiler 2024.6 10846095business:PrivateLimitedCompanyLtd2023-07-312024-07-30 108460952023-07-30 108460952023-07-312024-07-30 10846095business:AuditExempt-NoAccountantsReport2023-07-312024-07-30 10846095business:FilletedAccounts2023-07-312024-07-30 108460952024-07-30 10846095business:Director12023-07-312024-07-30 108460952023-07-30 10846095core:WithinOneYear2024-07-30 10846095core:WithinOneYear2023-07-30 10846095core:AfterOneYear2024-07-30 10846095core:AfterOneYear2023-07-30 10846095core:ShareCapitalcore:PreviouslyStatedAmount2024-07-30 10846095core:ShareCapitalcore:PreviouslyStatedAmount2023-07-30 10846095core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-30 10846095core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-30 10846095core:PreviouslyStatedAmount2024-07-30 10846095core:PreviouslyStatedAmount2023-07-30 10846095business:SmallEntities2023-07-312024-07-30 10846095countries:EnglandWales2023-07-312024-07-30 10846095core:FurnitureFittings2023-07-312024-07-30 10846095core:ComputerEquipment2023-07-312024-07-30 10846095core:OtherPropertyPlantEquipment2023-07-312024-07-30 10846095core:FurnitureFittings2023-07-30 10846095core:ComputerEquipment2023-07-30 10846095core:FurnitureFittings2024-07-30 10846095core:ComputerEquipment2024-07-30 108460952022-07-312023-07-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Daneets Developments Limited Statement of financial position as at 30 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,775 
1,966 
Investment property
3,067,442 
2,986,268 
3,069,217 
2,988,234 
Current assets
Debtors
27,934 
69,410 
Cash at bank and in hand
2,926 
24,854 
30,860 
94,264 
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 
Capital and reserves
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
- 4 -
Daneets Developments Limited Notes to the Accounts for the year ended 30 July 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
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:
Fixtures & fittings
25%
Computer equipment
25%
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 
Depreciation
At 31 July 2023
1,621 
191 
1,812 
Charge for the year
- 
191 
191 
At 30 July 2024
1,621 
382 
2,003 
Net book value
At 30 July 2024
1,396 
379 
1,775 
At 30 July 2023
1,396 
570 
1,966 
5
Investment property
2024 
£ 
Fair value at 31 July 2023
2,986,268 
Additions
81,174 
At 30 July 2024
3,067,442 
- 5 -
Daneets Developments Limited Notes to the Accounts for the year ended 30 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
16,156 
57,632 
Other debtors
11,778 
11,778 
27,934 
69,410 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
9,682 
Trade creditors
- 
1,340 
Taxes and social security
212 
- 
Other creditors
47,150 
41,639 
Accruals
2,080 
3,040 
49,442 
55,701 
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 
1,938,385 
1,828,186 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -