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REGISTERED NUMBER: 10584957 (England and Wales)















D&L PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






D&L PROPERTY LTD (REGISTERED NUMBER: 10584957)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D&L PROPERTY LTD

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2025







DIRECTOR: Mr R Sohal





SECRETARY: Mr R Sohal





REGISTERED OFFICE: 22 Cannock Road
Featherstone
Wolverhampton
West Midlands
WV10 7AD





REGISTERED NUMBER: 10584957 (England and Wales)





ACCOUNTANTS: Wallace Crooke
College House
St Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

D&L PROPERTY LTD (REGISTERED NUMBER: 10584957)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investment property 4 132,625 132,625

CURRENT ASSETS
Debtors 5 1,094 244
Cash at bank 2,430 3,058
3,524 3,302
CREDITORS
Amounts falling due within one year 6 24,853 40,951
NET CURRENT LIABILITIES (21,329 ) (37,649 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,296

94,976

CREDITORS
Amounts falling due after more than one
year

7

(61,843

)

(65,218

)

PROVISIONS FOR LIABILITIES 8 (2,388 ) (2,388 )
NET ASSETS 47,065 27,370

CAPITAL AND RESERVES
Called up share capital 9 100 1
Retained earnings 46,965 27,369
SHAREHOLDERS' FUNDS 47,065 27,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

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

D&L PROPERTY LTD (REGISTERED NUMBER: 10584957)

BALANCE SHEET - continued
31 JANUARY 2025


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 15 April 2025 and were signed by:





Mr R Sohal - Director


D&L PROPERTY LTD (REGISTERED NUMBER: 10584957)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2025

1. STATUTORY INFORMATION

D&L Property 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 1 (2024 - 1 ) .

D&L PROPERTY LTD (REGISTERED NUMBER: 10584957)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 132,625
NET BOOK VALUE
At 31 January 2025 132,625
At 31 January 2024 132,625

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2023 19,942
Valuation in 2024 (7,375 )
Cost 120,058
132,625

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

2025 2024
£    £   
Cost 120,058 120,058

Investment property was valued on an open market basis on 31 January 2025 by the Director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 1,094 244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 4,000 4,000
Amounts owed to participating interests 6,561 26,838
Taxation and social security 4,596 4,032
Other creditors 9,696 6,081
24,853 40,951

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 61,843 65,218

D&L PROPERTY LTD (REGISTERED NUMBER: 10584957)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Mortgage loan - over 5 years 45,843 49,218

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 2,388 2,388

Deferred
tax
£   
Balance at 1 February 2024 2,388
Balance at 31 January 2025 2,388

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 1

99 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.