REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 28 February 2025 |
for |
DACS PROPERTIES LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 28 February 2025 |
for |
DACS PROPERTIES LIMITED |
DACS PROPERTIES LIMITED (REGISTERED NUMBER: 12051582) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
DACS PROPERTIES LIMITED |
Company Information |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
Director: |
Registered office: |
Registered number: |
Accountants: |
1st Floor Waterside House |
Waterside Drive |
Wigan |
Lancashire |
WN3 5AZ |
DACS PROPERTIES LIMITED (REGISTERED NUMBER: 12051582) |
Balance Sheet |
28 FEBRUARY 2025 |
28.2.25 | 29.2.24 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Fair value reserve | 12 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 |
DACS PROPERTIES LIMITED (REGISTERED NUMBER: 12051582) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
1. | STATUTORY INFORMATION |
DACS Properties Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Computer equipment | - |
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
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 balance sheet date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 March 2024 |
and 28 February 2025 |
DEPRECIATION |
At 1 March 2024 |
and 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
At 29 February 2024 |
DACS PROPERTIES LIMITED (REGISTERED NUMBER: 12051582) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 March 2024 |
Revaluations | 32,000 |
At 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
At 29 February 2024 |
Fair value at 28 February 2025 is represented by: |
£ |
Valuation in 2023 | 490,368 |
Valuation in 2024 | 128,083 |
Valuation in 2025 | 32,000 |
650,451 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.25 | 29.2.24 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.25 | 29.2.24 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.25 | 29.2.24 |
£ | £ |
Bank loans |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
28.2.25 | 29.2.24 |
£ | £ |
Bank loans |
The bank loans are secured against the investment properties. |
There exists fixed charges over the undertaking of all investment properties in favour of Aldermore bank plc and Paragon bank plc. |
10. | PROVISIONS FOR LIABILITIES |
28.2.25 | 29.2.24 |
£ | £ |
Deferred tax | 40,021 | 32,021 |
DACS PROPERTIES LIMITED (REGISTERED NUMBER: 12051582) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2025 |
10. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1 March 2024 |
Provided during year |
Balance at 28 February 2025 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.25 | 29.2.24 |
value: | £ | £ |
Ordinary A | 1 | 98 | 98 |
Ordinary B | 1 | 1 | 1 |
Ordinary C | 1 | 1 | 1 |
100 | 100 |
12. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 March 2024 |
Transfer to fair value reserve | 24,000 |
At 28 February 2025 |