Dalston Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06763284

DALSTON INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

DALSTON INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		1,890,104		1,890,139

CURRENT ASSETS

Debtors	6	1,185,752	1,249,975
Cash at bank and in hand		11,830	4,383
		-------------	-------------
		1,197,582	1,254,358

CREDITORS: amounts falling due within one year	7	( 935,003)		( 1,008,276)
		-------------		-------------
NET CURRENT ASSETS			262,579		246,082
			-------------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,152,683		2,136,221

CREDITORS: amounts falling due after more than one year	8		( 1,371,993)		( 1,394,302)

PROVISIONS	( 154,424)	( 154,424)
	-------------	-------------
NET ASSETS	626,266	587,495
	-------------	-------------

DALSTON INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

	2024		2023
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	626,265	587,494
	----------	----------
SHAREHOLDERS FUNDS	626,266	587,495
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

Mr A Lipschitz
Director

Company registration number: 06763284

DALSTON INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lower Ground Floor, 43 Stamford Hill, London, N16 5SX.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

The turnover of the company is represented by rents and charges receivable in respect of its investment properties.

Investment properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition - - Investment properties whose fair value can be measured reliably are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise; and - No depreciation is provided in respect of investment properties applying the fair value model. Investment property fair value is determined by the Director, based on his understanding of property market conditions and the specific property concerned, using a sales valuation approach, derived from recent comparable transactions and market yields, adjusted by applying discounts to reflect status of occupation and condition. Acquisitions and disposals of properties Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).

5. TANGIBLE ASSETS

	Investment properties	Fixtures and fittings	Total
	£	£	£
Fair value or cost
At 1 January 2024 and 31 December 2024	1,890,000	584	1,890,584
	-------------	----	-------------
Depreciation
At 1 January 2024	–	445	445
Charge for the year	–	35	35
	-------------	----	-------------
At 31 December 2024	–	480	480
	-------------	----	-------------
Carrying amount
At 31 December 2024	1,890,000	104	1,890,104
	-------------	----	-------------
At 31 December 2023	1,890,000	139	1,890,139
	-------------	----	-------------

The company's investment properties were valued by the director, based on his understanding of property market conditions and the specific properties concerned, using a sales valuation approach, derived from recent comparable transactions on the market, adjusted by applying discounts to reflect status of occupation and condition. The historical cost of the properties is £1,084,881.

6. DEBTORS

	2024	2023
	£	£
Amounts owed by group undertakings	42,534	–
Other debtors	1,143,218	1,249,975
	-------------	-------------
	1,185,752	1,249,975
	-------------	-------------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	15,086	14,201
Other creditors	919,917	994,075
	----------	-------------
	935,003	1,008,276
	----------	-------------

8. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	1,371,993	1,394,302
	-------------	-------------

Included within creditors: amounts falling due after more than one year is an amount of £1,357,826 (2023: £1,370,135) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.

9. RELATED PARTY TRANSACTIONS

(i) Included in Other debtors are loans aggregating £1,135,725 due from companies connected with the director and shareholders. The loans are interest-free and repayable on demand. (ii) Included in Other creditors are loans aggregating £878,276 due to companies connected with the director and shareholders. The loans are interest-free and repayable on demand.