2 2 DS & SH Properties Limited 14278366 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of the letting and operating of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true 14278366 2023-09-01 2024-08-31 14278366 2024-08-31 14278366 core:CurrentFinancialInstruments 2024-08-31 14278366 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 14278366 core:Non-currentFinancialInstruments 2024-08-31 14278366 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 14278366 1 2024-08-31 14278366 bus:SmallEntities 2023-09-01 2024-08-31 14278366 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 14278366 bus:FilletedAccounts 2023-09-01 2024-08-31 14278366 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14278366 bus:RegisteredOffice 2023-09-01 2024-08-31 14278366 bus:CompanySecretaryDirector1 2023-09-01 2024-08-31 14278366 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14278366 countries:EnglandWales 2023-09-01 2024-08-31 14278366 1 2023-09-01 2024-08-31 14278366 2023-08-31 14278366 1 2023-08-31 14278366 2022-08-05 2023-08-31 14278366 2023-08-31 14278366 core:CurrentFinancialInstruments 2023-08-31 14278366 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 14278366 core:Non-currentFinancialInstruments 2023-08-31 14278366 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 14278366 1 2023-08-31 14278366 1 2022-08-05 2023-08-31 14278366 1 2022-08-04 xbrli:pure iso4217:GBP

Registration number: 14278366

DS & SH Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

DS & SH Properties Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

DS & SH Properties Limited

(Registration number: 14278366)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

149,830

149,830

Current assets

 

Debtors

5

1,029

982

Cash at bank and in hand

 

1,375

936

 

2,404

1,918

Creditors: Amounts falling due within one year

6

(92,379)

(80,872)

Net current liabilities

 

(89,975)

(78,954)

Total assets less current liabilities

 

59,855

70,876

Creditors: Amounts falling due after more than one year

6

(64,000)

(74,000)

Net liabilities

 

(4,145)

(3,124)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(4,245)

(3,224)

Shareholders' deficit

 

(4,145)

(3,124)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 17 May 2025 and signed on its behalf by:
 


S E Hinshelwood
Company secretary and director

 

DS & SH Properties Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
49 Dowding Way
Leavesden
Watford
Hertfordshire
WD25 7GA

Principal activity

The principal activity of the company is that of the letting and operating of own real estate.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

DS & SH Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

DS & SH Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 September

149,830

At 31 August

149,830

The directors have reviewed the value of investment properties held. They consider that there has been no material movement in their value.

There has been no valuation of investment property by an independent valuer.

5

Debtors

2024
£

2023
£

Prepayments

1,029

982

1,029

982

 

DS & SH Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,032

660

Other creditors

91,347

80,212

92,379

80,872

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

64,000

74,000

Creditors include loans which are secured of £64,000 (2023 - £74,000).

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

64,000

74,000

 

DS & SH Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

9

Related party transactions

Transactions with directors

2024

At 1 September 2023
£

Advances to director
£

At 31 August 2024
£

Director

(80,212)

(11,135)

(91,347)

       
     

 

2023

At 5 August 2022
£

Advances to director
£

At 31 August 2023
£

Director

-

(80,212)

(80,212)