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REGISTERED NUMBER: 10944637 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 September 2024

for

DGKS Properties Limited

DGKS Properties Limited (Registered number: 10944637)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DGKS Properties Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: G D Stapleton
D Stapleton





REGISTERED OFFICE: 122 Feering Hill
Feering
Colchester
Essex
CO5 9PY





REGISTERED NUMBER: 10944637 (England and Wales)





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY

DGKS Properties Limited (Registered number: 10944637)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 160,000 103,363

CURRENT ASSETS
Stocks 123,545 123,545
Cash at bank 30,966 40,775
154,511 164,320
CREDITORS
Amounts falling due within one year 5 101,800 101,435
NET CURRENT ASSETS 52,711 62,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,711

166,248

CREDITORS
Amounts falling due after more than one
year

6

(89,507

)

(102,582

)

PROVISIONS FOR LIABILITIES (14,159 ) -
NET ASSETS 109,045 63,666

CAPITAL AND RESERVES
Called up share capital 14 14
Revaluation reserve 8 42,478 -
Retained earnings 66,553 63,652
109,045 63,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

DGKS Properties Limited (Registered number: 10944637)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:




G D Stapleton - Director



D Stapleton - Director


DGKS Properties Limited (Registered number: 10944637)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

DGKS Properties Limited 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 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 (2023 - 1 ) .

DGKS Properties Limited (Registered number: 10944637)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 103,363
Revaluations 56,637
At 30 September 2024 160,000
NET BOOK VALUE
At 30 September 2024 160,000
At 30 September 2023 103,363

The investment property has been valued by the directors annually.

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 56,636
Cost 103,364
160,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 13,075 12,894
Taxation and social security 653 486
Other creditors 88,072 88,055
101,800 101,435

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 89,507 102,582

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 68,085 71,888

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 102,582 115,476

DGKS Properties Limited (Registered number: 10944637)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. RESERVES
Revaluation
reserve
£   
Transfer to Fair Value 42,478

At 30 September 2024 42,478

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the directors G Stapleton £41,142 (2023- £41,142) & D Stapleton £19,993 (2023- £19,993) in respect of their loan accounts. These loans are interest free and repayable on demand.