REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 July 2024 |
for |
D J W T Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 July 2024 |
for |
D J W T Limited |
D J W T Limited (Registered number: 04085952) |
Contents of the Financial Statements |
for the Year Ended 31 July 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
D J W T Limited |
Company Information |
for the Year Ended 31 July 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Suite 301 |
Stanmore Business and Innovation Centre |
Howard Road |
Stanmore |
Middlesex |
HA7 1FW |
D J W T Limited (Registered number: 04085952) |
Statement of Financial Position |
31 July 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges her 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. |
The financial statements were approved by the director and authorised for issue on |
D J W T Limited (Registered number: 04085952) |
Notes to the Financial Statements |
for the Year Ended 31 July 2024 |
1. | STATUTORY INFORMATION |
D J W T Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared under the historic cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below. |
Turnover |
Turnover represents rents receivable. Income is recognised over the period of the tenancy agreement. |
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 Statement of Income and Retained Earnings, 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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2023 |
and 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 July 2024 by the director of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. |
If investment property was stated on a historical cost basis rather than that of the fair value basis, the amount recognised in the accounts would have been £117,013 (2023: £117,013). |
D J W T Limited (Registered number: 04085952) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
Included within other creditors at the year end is an amount of £453 (2023: £175) due to the director D J Wright Tomi. During the year, interest of £87 (2023: £37) was charged by the company at a rate of 2.25% whilst the account was overdrawn. |
The following aggregate amounts were advanced to the director during the year and were considered material; |
April 2024 £10,633 |
There have been no other advances which individually were considered material and no other advances exceeding £10,000 to the director. |
8. | RELATED PARTY DISCLOSURES |
At the year end, an amount of £3,286 (2023: £nil) was due from Balmoral Enterprises Limited, a company in which D J Wright-Tomi is a director. This amount has been provided unsecured, interest free and is repayable on demand. |