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REGISTERED NUMBER: 12207783 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

D & A PROPERTY MANAGEMENT LTD

D & A PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12207783)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 7


D & A PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12207783)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Investments 4 100 -
Investment property 5 805,000 345,000
805,100 345,000

CURRENT ASSETS
Debtors 6 192,962 7,898
Cash at bank 1,489 3,064
194,451 10,962
CREDITORS
Amounts falling due within one year 7 (276,039 ) (38,163 )
NET CURRENT LIABILITIES (81,588 ) (27,201 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

723,512

317,799

CREDITORS
Amounts falling due after more than one
year

8

(330,173

)

(246,453

)

PROVISIONS FOR LIABILITIES (48,847 ) (19,504 )
NET ASSETS 344,492 51,842

CAPITAL AND RESERVES
Called up share capital 20 20
Non-distributable reserve 388,800 83,147
Retained earnings (44,328 ) (31,325 )
344,492 51,842

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.

D & A PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12207783)

STATEMENT OF FINANCIAL POSITION - 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 26 June 2025 and were signed on its behalf by:





A J Shaw - Director


D & A PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12207783)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

D & A Property Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12207783

Registered office: 21 Cavendish Street
Barrow-in-Furness
Cumbria
LA14 1SF

The principal activity of the company is that of an investment property company.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern
The accounts have been prepared on the going concern basis. The directors believe this to be appropriate as they have expressed their willingness to support the business financially for the forseable future.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investment properties

The open market value of the investment properties has been determined by the directors, based on their experience of the market.

REVENUE RECOGNITION
Turnover represents rental income which is recognised in the relevant rental period.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

D & A PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12207783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


D & A PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12207783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CONSOLIDATION
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 100
At 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100

D & A PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12207783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 345,000
Additions 395,004
Disposals (270,000 )
Revaluations 334,996
At 30 September 2024 805,000
NET BOOK VALUE
At 30 September 2024 805,000
At 30 September 2023 345,000

The directors consider the investment properties to be stated at fair value as at 30 september 2024
.

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2023 102,651
Valuation in 2024 171,640
Cost 530,709
805,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed by group undertakings 177,636 -
Other debtors 550 550
Deferred tax asset 14,776 7,348
192,962 7,898

Amounts owed by group undertakings are interest free, unsecured and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 1,464 1,512
Other loans 114,283 1,524
Amounts due to
connected companies 64,650 -
Directors' loan accounts 94,146 33,686
Accruals and deferred income 1,496 1,441
276,039 38,163

Amounts owed to connected companies are interest free, unsecured and repayable on demand.

D & A PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12207783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 964 2,415
Other loans - 1-2 years 1,317 1,524
Other loans - 2-5 years 3,950 4,572
Other loans more 5 years 48,206 49,000
Other loans more 5years
non-instalments 275,736 188,942
330,173 246,453

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5years
non-instalments 275,736 188,942
275,736 188,942

Repayable by instalments
Other loans more 5 years 48,206 49,000

The other loans are secured by fixed charges over the investment properties.

9. EVENTS AFTER THE END OF REPORTING PERIOD

There were no significant events up to the date of the approval of the financial statements by the Board.

10. GOING CONCERN

The accounts have been prepared on the going concern basis. The directors believe this to be appropriate as they have expressed their willingness to support the business financially for the forseable future.