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REGISTERED NUMBER: 12899230 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

DDTL Ltd

DDTL Ltd (Registered number: 12899230)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DDTL Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr D Davies
Ms T Laws





REGISTERED OFFICE: 128 City Road
London
United Kingdom
EC1V 2NX





REGISTERED NUMBER: 12899230 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

DDTL Ltd (Registered number: 12899230)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 735,000 479,000

CURRENT ASSETS
Debtors 5 3,914 2,074
Cash at bank 1,703 4,052
5,617 6,126
CREDITORS
Amounts falling due within one year 6 168,513 104,754
NET CURRENT LIABILITIES (162,896 ) (98,628 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,104

380,372

CREDITORS
Amounts falling due after more than one
year

7

(413,325

)

(263,325

)

PROVISIONS FOR LIABILITIES (39,621 ) (29,712 )
NET ASSETS 119,158 87,335

CAPITAL AND RESERVES
Called up share capital 8 2 2
Non-distributable reserve 118,864 89,136
Retained earnings 292 (1,803 )
SHAREHOLDERS' FUNDS 119,158 87,335

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

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

DDTL Ltd (Registered number: 12899230)

Balance Sheet - continued
31 August 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:




Mr D Davies - Director



Ms T Laws - Director


DDTL Ltd (Registered number: 12899230)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

DDTL Ltd 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.

Turnover
Turnover of the company relates to the rental income received on the investment properties owned.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2023 - 2 ) .

DDTL Ltd (Registered number: 12899230)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 479,000
Additions 216,363
Revaluations 39,637
At 31 August 2024 735,000
NET BOOK VALUE
At 31 August 2024 735,000
At 31 August 2023 479,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 120,000
Valuation in 2022 286,706
Valuation in 2023 72,294
Valuation in 2024 256,000
735,000

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

2024 2023
£    £   
Cost 576,514 360,151

Investment property was valued on an open market basis on 31 August 2024 by Mr D Davies .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 606 1,800
Other debtors 2,980 -
Prepayments 328 274
3,914 2,074

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 116 -
Other creditors - 1,800
Directors' current accounts 166,970 100,941
Accruals and deferred income 1,427 2,013
168,513 104,754

DDTL Ltd (Registered number: 12899230)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yrs non-inst 413,325 263,325

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 413,325 263,325

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2