| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024 |
| FOR |
| DPI PROPERTIES LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024 |
| FOR |
| DPI PROPERTIES LIMITED |
| DPI PROPERTIES LIMITED (REGISTERED NUMBER: 09835553) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024 |
| Page |
| Chartered Accountants' Report | 1 |
| Statement of Financial Position | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| DPI PROPERTIES LIMITED |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DPI PROPERTIES LIMITED for the period ended 30 October 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of DPI PROPERTIES LIMITED in accordance with the terms of our engagement letter dated 9 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of DPI PROPERTIES LIMITED and state those matters that we have agreed to state to the director of DPI PROPERTIES LIMITED in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DPI PROPERTIES LIMITED and its director for our work or for this report. |
| It is your duty to ensure that DPI PROPERTIES LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DPI PROPERTIES LIMITED. You consider that DPI PROPERTIES LIMITED is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of DPI PROPERTIES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Stone House |
| Stone Road Business Park |
| Stoke-On-Trent |
| ST4 6SR |
| DPI PROPERTIES LIMITED (REGISTERED NUMBER: 09835553) |
| STATEMENT OF FINANCIAL POSITION |
| 30 OCTOBER 2024 |
| 30.10.24 | 31.10.23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve |
| Retained earnings |
| 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. |
| DPI PROPERTIES LIMITED (REGISTERED NUMBER: 09835553) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 30 OCTOBER 2024 |
| The financial statements were approved by the director and authorised for issue on |
| DPI PROPERTIES LIMITED (REGISTERED NUMBER: 09835553) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024 |
| 1. | STATUTORY INFORMATION |
| DPI PROPERTIES LIMITED is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| The financial statements are prepared in sterling, which is the functional currency of the entity. |
| 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. |
| Valuation of investment property |
| As described in the notes to the financial statements, the investment property is stated in the balance sheet at cost, which is deemed the fair value at 31st October 2023. The directors are of the opinion that this valuation is not materially different to current market prices observed. |
| REVENUE RECOGNITION |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| INVESTMENTS IN SUBSIDIARIES |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| DPI PROPERTIES LIMITED (REGISTERED NUMBER: 09835553) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| TAXATION |
| Taxation for the period 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 period 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| DPI PROPERTIES LIMITED (REGISTERED NUMBER: 09835553) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 November 2023 |
| and 30 October 2024 |
| NET BOOK VALUE |
| At 30 October 2024 |
| At 31 October 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 November 2023 |
| Revaluations | 45,229 |
| At 30 October 2024 |
| NET BOOK VALUE |
| At 30 October 2024 |
| At 31 October 2023 |
| Investment properties are stated at cost which the directors consider to be the fair value at 31st October 2024. |
| In respect of tangible assets held at valuation, the aggregate cost, depreciation and carrying amount that would have been recognised if the assets had been carried under the historical cost model are: |
| Aggregate cost £858,235 (2023: £858,235), Aggregate depreciation £nil (2023: £nil) and carrying value £858,235 (2023: £858,235). |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.10.24 | 31.10.23 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.10.24 | 31.10.23 |
| £ | £ |
| Amounts owed to group undertakings |
| Other creditors |
| Directors' loan accounts | 100 | 100 |
| DPI PROPERTIES LIMITED (REGISTERED NUMBER: 09835553) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 NOVEMBER 2023 TO 30 OCTOBER 2024 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.10.24 | 31.10.23 |
| £ | £ |
| Bank loans - 1-2 years |
| 9. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies. |
| 10. | POST BALANCE SHEET EVENTS |
| There were no material events up to the date of approval of the financial statements by the board. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The directors consider the ultimate controlling party to be Inman Property Holdings Ltd, which is registered in England and Wales. |