IRIS Accounts Production v25.1.0.734 06822578 Board of Directors 1.8.23 31.7.24 31.7.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068225782023-07-31068225782024-07-31068225782023-08-012024-07-31068225782022-07-31068225782022-08-012023-07-31068225782023-07-3106822578ns15:EnglandWales2023-08-012024-07-3106822578ns14:PoundSterling2023-08-012024-07-3106822578ns10:Director12023-08-012024-07-3106822578ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3106822578ns10:SmallEntities2023-08-012024-07-3106822578ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3106822578ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3106822578ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3106822578ns10:AbridgedAccounts2023-08-012024-07-3106822578ns10:OrdinaryShareClass12023-08-012024-07-3106822578ns10:Director22023-08-012024-07-3106822578ns10:CompanySecretary12023-08-012024-07-3106822578ns10:RegisteredOffice2023-08-012024-07-3106822578ns5:CurrentFinancialInstruments2024-07-3106822578ns5:CurrentFinancialInstruments2023-07-3106822578ns5:Non-currentFinancialInstruments2024-07-3106822578ns5:Non-currentFinancialInstruments2023-07-3106822578ns5:ShareCapital2024-07-3106822578ns5:ShareCapital2023-07-3106822578ns5:FurtherSpecificReserve3ComponentTotalEquity2024-07-3106822578ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3106822578ns5:RetainedEarningsAccumulatedLosses2024-07-3106822578ns5:RetainedEarningsAccumulatedLosses2023-07-3106822578ns5:DeferredTaxation2023-07-3106822578ns5:DeferredTaxation2024-07-3106822578ns10:OrdinaryShareClass12024-07-3106822578ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-31
REGISTERED NUMBER: 06822578 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DI PAOLA PROPERTIES LIMITED

DI PAOLA PROPERTIES LIMITED (REGISTERED NUMBER: 06822578)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


DI PAOLA PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr Benedetto Di Paola
Mrs Maria Christina Di Paola





SECRETARY: Mr Benedetto Di Paola





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 06822578 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

DI PAOLA PROPERTIES LIMITED (REGISTERED NUMBER: 06822578)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 340 340
Investment property 5 165,000 165,000
165,340 165,340

CURRENT ASSETS
Debtors 35 14
Cash at bank 5,435 8,482
5,470 8,496
CREDITORS
Amounts falling due within one year 55,560 55,384
NET CURRENT LIABILITIES (50,090 ) (46,888 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,250

118,452

CREDITORS
Amounts falling due after more than one year (403 ) (171 )

PROVISIONS FOR LIABILITIES 6 (12,292 ) (12,292 )
NET ASSETS 102,555 105,989

CAPITAL AND RESERVES
Called up share capital 7 1 1
Fair value reserve 8 52,111 52,111
Retained earnings 50,443 53,877
SHAREHOLDERS' FUNDS 102,555 105,989

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

DI PAOLA PROPERTIES LIMITED (REGISTERED NUMBER: 06822578)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 April 2025 and were signed on its behalf by:





Mr Benedetto Di Paola - Director


DI PAOLA PROPERTIES LIMITED (REGISTERED NUMBER: 06822578)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Di Paola Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the rent receivable by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

DI PAOLA PROPERTIES LIMITED (REGISTERED NUMBER: 06822578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 340
NET BOOK VALUE
At 31 July 2024 340
At 31 July 2023 340

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 165,000
NET BOOK VALUE
At 31 July 2024 165,000
At 31 July 2023 165,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2018 64,335
Cost 100,665
165,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 100,665 100,665

Investment property was valued on an open market basis on 28 February 2018 by the directors .

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 12,292 12,292

DI PAOLA PROPERTIES LIMITED (REGISTERED NUMBER: 06822578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 12,292
Balance at 31 July 2024 12,292

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

8. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 52,111

9. ULTIMATE CONTROLLING PARTY

The controlling party is the directors Mr B Di Paola and Mrs M Di Paola.

The company is controlled by Mr B Di Paola and Mrs M Di Paola by virtue of them jointly holding 100% of the issued share capital of the company.

10. RELATED PARTY TRANSACTIONS

The company owed £53,000 (2023 £53,000) for the loan advanced by B&M Autocare Limited, a company which has common directors and shareholders. The loan is interest free and payable on demand.