Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-09-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12168080 2023-09-01 2024-03-31 12168080 2022-09-01 2023-08-31 12168080 2024-03-31 12168080 2023-08-31 12168080 c:Director2 2023-09-01 2024-03-31 12168080 d:Buildings 2023-09-01 2024-03-31 12168080 d:Buildings 2024-03-31 12168080 d:Buildings 2023-08-31 12168080 d:CurrentFinancialInstruments 2024-03-31 12168080 d:CurrentFinancialInstruments 2023-08-31 12168080 d:Non-currentFinancialInstruments 2024-03-31 12168080 d:Non-currentFinancialInstruments 2023-08-31 12168080 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12168080 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12168080 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12168080 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 12168080 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 12168080 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 12168080 d:ShareCapital 2024-03-31 12168080 d:ShareCapital 2023-08-31 12168080 d:RetainedEarningsAccumulatedLosses 2024-03-31 12168080 d:RetainedEarningsAccumulatedLosses 2023-08-31 12168080 c:FRS102 2023-09-01 2024-03-31 12168080 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-03-31 12168080 c:FullAccounts 2023-09-01 2024-03-31 12168080 c:PrivateLimitedCompanyLtd 2023-09-01 2024-03-31 12168080 2 2023-09-01 2024-03-31 12168080 e:PoundSterling 2023-09-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12168080









DM PROPERTY GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
DM PROPERTY GROUP LIMITED
REGISTERED NUMBER: 12168080

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 August
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
58,607
58,607

  
58,607
58,607

Current assets
  

Debtors: amounts falling due within one year
 5 
47,540
152,518

Cash at bank and in hand
 6 
1,103
212

  
48,643
152,730

Creditors: amounts falling due within one year
 7 
(165,028)
(262,423)

Net current liabilities
  
 
 
(116,385)
 
 
(109,693)

Total assets less current liabilities
  
(57,778)
(51,086)

Creditors: amounts falling due after more than one year
 8 
(113,618)
(89,266)

  

Net liabilities
  
(171,396)
(140,352)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(171,398)
(140,354)

  
(171,396)
(140,352)


Page 1

 
DM PROPERTY GROUP LIMITED
REGISTERED NUMBER: 12168080
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 June 2025.




David George Taylor
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DM PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

DM Property Group Limited is a private company limited by shares, registered in the United Kingdom number 12168080. Its registered office is 46 West View, Wesham, Preston, Lancashire, PR4 3DA. 
The principal activity of the business is that of managing property.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
DM PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
DM PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

3.


Employees




The average monthly number of employees, including directors, during the period was 2 (2023 - 2).


4.


Tangible fixed assets







Freehold property

£



Cost or valuation


At 1 September 2023
58,607



At 31 March 2024

58,607






Net book value



At 31 March 2024
58,607



At 31 August 2023
58,607


5.


Debtors

31 March
31 August
2024
2023
£
£


Other debtors
42,369
147,347

Prepayments and accrued income
5,171
5,171

47,540
152,518



6.


Cash and cash equivalents

31 March
31 August
2024
2023
£
£

Cash at bank and in hand
1,103
212

1,103
212


Page 5

 
DM PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

31 March
31 August
2024
2023
£
£

Trade creditors
1,056
2,199

Other creditors
162,322
258,649

Accruals and deferred income
1,650
1,575

165,028
262,423



8.


Creditors: Amounts falling due after more than one year

31 March
31 August
2024
2023
£
£

Bank loans
113,618
89,266

113,618
89,266



9.


Loans


Analysis of the maturity of loans is given below:


31 March
31 August
2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
113,618
89,266


113,618
89,266



113,618
89,266


 
Page 6