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REGISTERED NUMBER: 07266511 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

D M Residential Limited

D M Residential Limited (Registered number: 07266511)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D M Residential Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: D I Harriman





SECRETARIES: P Davidson
J Darragh





REGISTERED OFFICE: Mandale House Mandale Park
Urlay Nook Road
Eaglescliffe
Stockton on Tees
TS16 0TA





REGISTERED NUMBER: 07266511 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

D M Residential Limited (Registered number: 07266511)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 168,471 156,850

CREDITORS
Amounts falling due within one year 5 3,227 1,958
NET CURRENT ASSETS 165,244 154,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,244

154,892

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 165,243 154,891
SHAREHOLDERS' FUNDS 165,244 154,892

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 director acknowledges his 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.

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 director and authorised for issue on 27 June 2025 and were signed by:





D I Harriman - Director


D M Residential Limited (Registered number: 07266511)

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

1. STATUTORY INFORMATION

D M Residential Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company has now ceased trading. As required by the Financial Reporting Standard 102 Section 1A, the financial statements have been prepared on the basis that the company is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.The financial statements do not include any provision for the future costs of terminating the business of the company.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,000 1,000
Owing from associated undertakings 155,850 155,850
Prepayments & accrued income 11,621 -
168,471 156,850

D M Residential Limited (Registered number: 07266511)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

As shown above, debtors include £155,850 (2023: £155,850) owing from associated undertakings. Due to liquidity concerns within the property sector generally, and therefore within the associated debtor undertakings, the timescale for recovery of these debtor balances is unknown, but considered by the director to be greater than one year for a significant proportion of this amount. There are no formal terms of repayment for these balances.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation 1,269 -
Owing to associated undertakings 1,458 1,458
Accrued expenses 500 500
3,227 1,958

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

7. RELATED PARTY DISCLOSURES

There has been no movement in the related party balances during the year.

Other related parties - common control

2024 2023
£    £   

Balance at year end - debtor 155,850 155,850
Balance at year end - creditor (1,458 ) (1,458 )

The above debtor balance at the year end is net of a bad debt provision of £2,128 (2023: £2,128).