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Registered number: 13641916
Dragonfly Architectural Services Limited
Unaudited Financial Statements
For the Period 1 October 2023 to 31 May 2024
McPhersons Walpole Harding
ACCA
Citibase Brighton
95 Ditchling Road
Brighton
BN1 4ST
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13641916
31 May 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 150,000 150,000
150,000 150,000
CURRENT ASSETS
Cash at bank and in hand 1 785
1 785
Creditors: Amounts Falling Due Within One Year 5 (488,693 ) (480,993 )
NET CURRENT ASSETS (LIABILITIES) (488,692 ) (480,208 )
TOTAL ASSETS LESS CURRENT LIABILITIES (338,692 ) (330,208 )
NET LIABILITIES (338,692 ) (330,208 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (338,792 ) (330,308 )
SHAREHOLDERS' FUNDS (338,692) (330,208)
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Page 2
For the period ending 31 May 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dragonfly Digital Video Services Ltd
Director
28 April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dragonfly Architectural Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13641916 . The registered office is 62 Albion Hill, Brighton, BN2 9NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
4. Investment Property
31 May 2024
£
Fair Value
As at 1 October 2023 and 31 May 2024 150,000
Fair value adjustments -
As at 31 May 2024 150,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 May 2024 30 September 2023
£ £
Cost 452,206 452,206
The property is subject to an enforcement notice which has triggered an ongoing legal dispute and which makes ascertaining an accurate fair value extremely difficult.  It is also classified as an Asset of Community Value.
The director estimates that the fair value at 31 May 2024 was no more than £150,000 (unchanged from 2022).
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5. Creditors: Amounts Falling Due Within One Year
31 May 2024 30 September 2023
£ £
Other creditors 488,693 480,993
Other creditors includes £487,583 owed to another company partly owned by the company director (2023: £480,273).  The loan is interest-free and repayable on demand.
6. Ultimate Controlling Party
The company's ultimate controlling party is the company director by virtue of his ownership of 100% of the issued share capital.
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