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DAMLAR INVESTMENT LIMITED

Registered Number
06297836
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

DAMLAR INVESTMENT LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

SAHIN, Kerem
SERIM, Halil Ibrahim

Registered Address

293 Green Lanes
Palmers Green
N13 4XS

Registered Number

06297836 (England and Wales)
DAMLAR INVESTMENT LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,639,4725,674,794
5,639,4725,674,794
Current assets
Debtors820,478616,955
Cash at bank and on hand12,6327,176
833,110624,131
Creditors amounts falling due within one year4(3,912,501)(3,399,525)
Net current assets (liabilities)(3,079,391)(2,775,394)
Total assets less current liabilities2,560,0812,899,400
Creditors amounts falling due after one year5(5,267,486)(5,267,486)
Net assets(2,707,405)(2,368,086)
Capital and reserves
Called up share capital10,00010,000
Profit and loss account(2,717,405)(2,378,086)
Shareholders' funds(2,707,405)(2,368,086)
The financial statements were approved and authorised for issue by the Board of Directors on 16 June 2025, and are signed on its behalf by:
SAHIN, Kerem
Director
SERIM, Halil Ibrahim
Director

Registered Company No. 06297836
DAMLAR INVESTMENT LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
During the year, the company was financially supported by its shareholders, and their financial support will continue into the foreseeable future. Hence, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Land and buildings10
Plant and machinery20
Fixtures and fittings20
2.Average number of employees

20242023
Average number of employees during the year1011
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Total

££££
Cost or valuation
At 01 October 235,860,14310,27890,9835,961,404
At 30 September 245,860,14310,27890,9835,961,404
Depreciation and impairment
At 01 October 23203,2675,86777,476286,610
Charge for year31,7388822,70235,322
At 30 September 24235,0056,74980,178321,932
Net book value
At 30 September 245,625,1383,52910,8055,639,472
At 30 September 235,656,8764,41113,5075,674,794
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5,78490,824
Bank borrowings and overdrafts2,3244,582
Taxation and social security15,8545,070
Other creditors3,888,5393,299,049
Total3,912,5013,399,525
5.Creditors: amounts due after one year

2024

2023

££
Other creditors5,267,4865,267,486
Total5,267,4865,267,486