Company Registration No. 11012770 (England and Wales)
DNI Properties Limited
Unaudited accounts
for the year ended 31 October 2024
DNI Properties Limited
Unaudited accounts
Contents
DNI Properties Limited
Company Information
for the year ended 31 October 2024
Company Number
11012770 (England and Wales)
Registered Office
6 LAWRIE HOUSE
DURNSFORD ROAD
LONDON
SW19 8FP
UNITED KINGDOM
DNI Properties Limited
Statement of financial position
as at 31 October 2024
Investment property
3,760,708
2,315,739
Cash at bank and in hand
(2,117)
(3,128)
Creditors: amounts falling due within one year
(20,071)
(769)
Net current assets
231,194
219,503
Total assets less current liabilities
3,991,902
2,535,242
Creditors: amounts falling due after more than one year
(3,070,839)
(2,386,727)
Provisions for liabilities
Net assets
806,886
148,515
Called up share capital
100
100
Revaluation reserve
969,641
184,354
Profit and loss account
(162,855)
(35,939)
Shareholders' funds
806,886
148,515
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 3 July 2025 and were signed on its behalf by
Dobrin Ivanov
Director
Company Registration No. 11012770
DNI Properties Limited
Notes to the Accounts
for the year ended 31 October 2024
DNI Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11012770. The registered office is 6 LAWRIE HOUSE, DURNSFORD ROAD, LONDON, SW19 8FP, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Fair value at 1 November 2023
2,315,739
Net gain from fair value adjustments
785,287
At 31 October 2024
3,760,708
Investment properties comprises property at fair value of £3,760,708.The fair value of the investment property has been arrived at on the basis of a valuation carried out by the mortgage providers. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
Amounts falling due within one year
Accrued income and prepayments
54,382
-
Other debtors
24,000
48,400
Amounts falling due after more than one year
Other debtors
175,000
175,000
Debtors: amounts falling due after more than one year , includes Secured term loan facility of £175,000, where the borrower shall repay the loan in full on the repayment day. Interest rate is 15% per annum above the Bank of England rate.
DNI Properties Limited
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024
2023
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
2,286,962
2,280,227
Other creditors
829,836
106,500
Loans from directors
(45,959)
-
The bank loans are secured against the properties in the company's name by the way of a fixed and floating charge.
9
Transactions with related parties
Within other Debtors(amounts due within one year) is an amount of £325,226 due to a Company with Common directors.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).