Company registration number 09773207 (England and Wales)
DDB Properties Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 April 2025
PAGES FOR FILING WITH REGISTRAR
DDB Properties Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
DDB Properties Ltd
Statement of financial position
as at 30 April 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
274
Investments
1,215,000
1,215,000
1,215,000
1,215,274
Current assets
Debtors
2,753
2,621
Cash at bank and in hand
1,819
72,507
4,572
75,128
Creditors: amounts falling due within one year
(89,266)
(111,636)
Net current liabilities
(84,694)
(36,508)
Total assets less current liabilities
1,130,306
1,178,766
Creditors: amounts falling due after more than one year
(8,053)
(10,018)
Provisions for liabilities
(105,614)
(105,614)
Net assets
1,016,639
1,063,134
Capital and reserves
Called up share capital
500
500
Revaluation reserve
316,841
316,841
Profit and loss reserves
699,298
745,793
Total equity
1,016,639
1,063,134
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
DDB Properties Ltd
Statement of financial position (continued)
as at 30 April 2025
30 April 2025
- 2 -
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 2 June 2025 and are signed on its behalf by:
D A Birkin
Director
Company registration number 09773207 (England and Wales)
DDB Properties Ltd
Notes to the financial statements
for the year ended 30 April 2025
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the value of services including value added tax, provided under contractual obligations to the extent that there is a right to consideration.
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.
Tangible fixed assets
Tangible fixed assets are measured at cost less depreciation.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
DDB Properties Ltd
Notes to the financial statements (continued)
for the year ended 30 April 2025
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 May 2024 and 30 April 2025
3,182
Depreciation and impairment
At 1 May 2024
2,908
Depreciation charged in the year
274
At 30 April 2025
3,182
Carrying amount
At 30 April 2025
At 30 April 2024
274
4
Company information
DDB Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Metic House, Ripley Drive, Normanton, West Yorkshire, WF6 1QT.