Acorah Software Products - Accounts Production 16.3.350 false true true false 11 December 2023 31 December 2024 31 December 2024 15341974 Ms Chiara Mensi Mr Cengiz Konukoglu Mr Cengiz Konukoglu and Ms Hale Konukoglu true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15341974 2023-12-10 15341974 2024-12-31 15341974 2023-12-11 2024-12-31 15341974 frs-core:CurrentFinancialInstruments 2024-12-31 15341974 frs-core:Non-currentFinancialInstruments 2024-12-31 15341974 frs-core:ShareCapital 2024-12-31 15341974 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15341974 frs-bus:PrivateLimitedCompanyLtd 2023-12-11 2024-12-31 15341974 frs-bus:FilletedAccounts 2023-12-11 2024-12-31 15341974 frs-bus:SmallEntities 2023-12-11 2024-12-31 15341974 frs-bus:AuditExempt-NoAccountantsReport 2023-12-11 2024-12-31 15341974 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-11 2024-12-31 15341974 1 2023-12-11 2024-12-31 15341974 frs-bus:Director1 2023-12-11 2024-12-31 15341974 frs-bus:Director2 2023-12-11 2024-12-31 15341974 frs-countries:EnglandWales 2023-12-11 2024-12-31
Registered number: 15341974
Dash Estates Investment Limited
Unaudited Financial Statements
For the Period 11 December 2023 to 31 December 2024
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15341974
31 December 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 2,624,173
2,624,173
CURRENT ASSETS
Debtors 5 4,339
Cash at bank and in hand 547
4,886
Creditors: Amounts Falling Due Within One Year 6 (1,252,946 )
NET CURRENT ASSETS (LIABILITIES) (1,248,060 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,376,113
Creditors: Amounts Falling Due After More Than One Year 7 (1,495,000 )
NET LIABILITIES (118,887 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (118,987 )
SHAREHOLDERS' FUNDS (118,887)
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For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Cengiz Konukoglu
Director
14/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dash Estates Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15341974 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements are prepared on the basis of the going concern, which assumes that the company will be inoperational existence for the foreseeable future. This depends upon continued support of the shareholders. The financial statements do not include any adjustments that would result if such support is withdrawn.
2.3. Turnover
Turnover represents amounts receivable for property rental in the UK.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends
payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.6. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Investment Property
31 December 2024
£
Fair Value
As at 11 December 2023 -
Additions 2,624,173
As at 31 December 2024 2,624,173
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 December 2024
£
Cost 2,624,173
5. Debtors
31 December 2024
£
Due within one year
Other debtors 4,339
6. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 3,331
Other creditors 1,249,615
1,252,946
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024
£
Bank loans 1,495,000
8. Secured Creditors
The Company has guaranteed loan from Turkish Bank (UK) amounting to £1,495,000. The guarantee is secured by charges on the Company's Investment Properties.
31 December 2024
£
Bank loans and overdrafts 1,495,000
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9. Share Capital
31 December 2024
£
Called Up Share Capital not Paid 100
Amount of Allotted, Called Up Share Capital 100
Allotted and issued 100 ordinary share in £1 nominal value each
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Cengiz Konukoglu and Ms Hale Konukoglu by virtue of his ownership of 100% of the issued share capital in the company.
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