Company Registration No. SC545870 (Scotland)
DTM Property Ventures Ltd
Unaudited accounts
for the year ended 30 September 2024
DTM Property Ventures Ltd
Unaudited accounts
Contents
DTM Property Ventures Ltd
Company Information
for the year ended 30 September 2024
Directors
Douglas McInnes
Thembelihle McInnes
Company Number
SC545870 (Scotland)
Registered Office
4th Floor
176 Bath Street
Glasgow
G2 4HG
Accountants
TaxKings Ltd
4th Floor, 176 Bath Street
Glasgow
G2 4HG
DTM Property Ventures Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
661,952
745,611
Cash at bank and in hand
21,426
18,586
Creditors: amounts falling due within one year
(162,828)
(166,552)
Net current liabilities
(135,807)
(144,096)
Total assets less current liabilities
526,145
601,515
Creditors: amounts falling due after more than one year
(584,767)
(580,009)
Net (liabilities)/assets
(58,622)
21,506
Called up share capital
100
100
Profit and loss account
(58,722)
21,406
Shareholders' funds
(58,622)
21,506
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by
Douglas McInnes
Director
Company Registration No. SC545870
DTM Property Ventures Ltd
Notes to the Accounts
for the year ended 30 September 2024
DTM Property Ventures Ltd is a private company, limited by shares, registered in Scotland, registration number SC545870. The registered office is 4th Floor, 176 Bath Street, Glasgow, G2 4HG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 September 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
745,611
-
745,611
At 30 September 2024
745,611
409
746,020
Charge for the year
83,932
136
84,068
At 30 September 2024
83,932
136
84,068
At 30 September 2024
661,679
273
661,952
At 30 September 2023
745,611
-
745,611
Amounts falling due within one year
DTM Property Ventures Ltd
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
(2,005)
Loans from directors
162,690
168,420
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
579,172
576,139
Trade creditors
5,595
3,870
8
Guarantees provided on behalf of directors
The accounts have been prepared on the going concern basis on the grounds that the directors will continue to provide sufficient finance.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).