| Diss Business Park Properties Limited |
| Registered Number:11607582 |
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2024
Diss Business Park Properties Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Diss Business Park Properties Limited
Statement of Financial Position
2023
2024
2
1,670,000
457,313
1,670,000
457,313
| Trade and other receivables |
73,686
6,133
3
528
| Cash and cash equivalents |
38,032
44,165
74,214
| Trade and other payables: amounts falling due within one |
| year |
(547,617)
(207,969)
4
(473,403)
(163,804)
Net current liabilities
| Total assets less current liabilities |
1,506,196
(16,090)
| Trade and other payables: amounts falling due after more |
| than one year |
-
(644,603)
5
(216,771)
-
| Provisions for liabilities |
644,822
Net assets/liabilities
(16,090)
1
1
644,821
(16,091)
644,822
(16,090)
Shareholders' funds
| For the year ended 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 23 July 2025 and were signed by: |
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For the year ended 31 October 2024
Diss Business Park Properties Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 October 2024
Diss Business Park Properties Limited
Notes to the Financial Statements
Statutory Information
| Diss Business Park Properties Limited is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 11607582. |
20B Upstairs Diss Business Park Hopper Way
Sandy Lane
Diss
Norfolk
IP22 4GT
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable for rental of the commercial property along with recharges of associated expenses net of value added tax. |
Investment property
| Investment property which is held to earn rentals and/or for capital appreciation, is initially recognised at cost, whichincludes purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at thereporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. |
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. |
Going Concern
| At 31 October 2024, the company had net current liabilities of £163,804 (2023- £473,403). The directors have |
| considered the availability of working capital at 31 October 2024 together with the continued support from the |
| company's shareholders and connected businesses, and is of the opinion that this will be sufficient to enable the |
| company to continue operating for at least the 12 months from the date of signing these accounts, and pay its debts |
| as they fall due. The directors have therefore concluded that the accounts should be prepared on a going concern |
| basis. |
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For the year ended 31 October 2024
Diss Business Park Properties Limited
Notes to the Financial Statements Continued
457,313
345,602
867,085
1,670,000
1,670,000
457,313
| Investment property comprises of one commercial property. During the year construction work was completed to refurbish the property in order that it can earn rentals. Construction costs in the year to 31 October 2024 totalled £345,602 and are included in additions. A professional valuation, carried out in December 2023, valued the property at £1,670,000. The directors are of the opinion that the fair value of the property at 31 October 2024 remained at £1,670,000. |
| 3. Trade and other receivables |
2023
2024
3,528
-
2,605
73,686
73,686
6,133
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
18,680
-
25,947
371,352
163,342
176,265
207,969
547,617
| 5. Trade and other payables: amounts falling due after more than one year |
2023
2024
| Bank loans and overdraft (secured) |
644,603
-
The bank loan is secured against the investment proeperty held by the company.
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For the year ended 31 October 2024
Diss Business Park Properties Limited
Notes to the Financial Statements Continued
| The balance in the profit and loss reserves of the company includes the sum of £650,314 representing the fair value |
| gain less the potential deferred tax of investment properties that would arise on the sale of the property at their book |
| value. Accordingly, this element of the company's reserves is not distributable. |
| 7. Related party transactions |
| During the year the company received loans from a company under common control of one of the directors, totalling |
| £70,200. They also made repayments towards loans from companies under common control totalling £100,813. The |
| loans were provided interest free and are repayable on demand. The balance outstanding at the year end was |
| £145,200 (2023: £175,813) and is included in Other Creditors in note 5 to the accounts. |
| 8. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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