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REGISTERED NUMBER: 12051582 (England and Wales)













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: Mr D T A D'Souza





Registered office: 5 Verne Walk
Ashton-In-Makerfield
Wigan
Lancashire
WN4 8SF





Registered number: 12051582 (England and Wales)





Accountants: NRB
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 5 650,451 618,451
650,451 618,451

CURRENT ASSETS
Debtors 6 714 625
Cash at bank 48,435 53,868
49,149 54,493
CREDITORS
Amounts falling due within one year 7 261,394 277,454
NET CURRENT LIABILITIES (212,245 ) (222,961 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,206

395,490

CREDITORS
Amounts falling due after more than one
year

8

(279,707

)

(276,397

)

PROVISIONS FOR LIABILITIES 10 (40,021 ) (32,021 )
NET ASSETS 118,478 87,072

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 120,062 96,062
Retained earnings (1,684 ) (9,090 )
SHAREHOLDERS' FUNDS 118,478 87,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:




Mr D T A D'Souza - Director


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 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.3% on cost

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 2 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2024
and 28 February 2025 452
DEPRECIATION
At 1 March 2024
and 28 February 2025 452
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 618,451
Revaluations 32,000
At 28 February 2025 650,451
NET BOOK VALUE
At 28 February 2025 650,451
At 29 February 2024 618,451

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 714 625

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans and overdrafts 10,755 24,820
Amounts owed to group undertakings 247,870 250,000
Taxation and social security 1,737 2,114
Other creditors 1,032 520
261,394 277,454

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans 279,707 276,397

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.25 29.2.24
£    £   
Bank loans 290,462 301,217

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 32,021
Provided during year 8,000
Balance at 28 February 2025 40,021

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
98 Ordinary A 1 98 98
1 Ordinary B 1 1 1
1 Ordinary C 1 1 1
100 100

12. RESERVES
Fair
value
reserve
£   
At 1 March 2024 96,062
Transfer to fair value reserve 24,000

At 28 February 2025 120,062