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Registration number: 10164707

D&SN Properties Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

D&SN Properties Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

D&SN Properties Ltd

Company Information

Directors

Mrs S M Newby

Mr D L Newby

Registered office

Willow Tree Barn
Ashley Lane
Goosnargh
Preston
PR3 2EE

Accountants

Red Dot Accountants Ltd
15 Olympic Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5GU

 

D&SN Properties Ltd

(Registration number: 10164707)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

765,000

765,000

Current assets

 

Debtors

5

275,411

275,411

Cash at bank and in hand

 

107,794

66,328

 

383,205

341,739

Creditors: Amounts falling due within one year

6

(889,862)

(888,897)

Net current liabilities

 

(506,657)

(547,158)

Total assets less current liabilities

 

258,343

217,842

Provisions for liabilities

(21,784)

(21,784)

Net assets

 

236,559

196,058

Capital and reserves

 

Called up share capital

7

100

100

Revaluation reserve

114,654

114,654

Retained earnings

121,805

81,304

Shareholders' funds

 

236,559

196,058

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 December 2024 and signed on its behalf by:
 

.........................................
Mr D L Newby
Director

 

D&SN Properties Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Willow Tree Barn
Ashley Lane
Goosnargh
Preston
PR3 2EE

These financial statements were authorised for issue by the Board on 17 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the rental income received or receivable in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the Directors. The Directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

 

D&SN Properties Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 October

765,000

At 30 September

765,000

The properties have been valued by the Directors by reference to similar properties in similar locations.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

2023
£

Prepayments

260

260

Other debtors

275,151

275,151

 

275,411

275,411

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

180

-

Taxation and social security

10,072

9,337

Accruals and deferred income

950

900

Other creditors

878,660

878,660

889,862

888,897

 

D&SN Properties Ltd

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

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

£1 Ordinary shares of £1 each

100

100

100

100

       

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

114,654

114,654

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

114,654

114,654