Discount Property (UK) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05304394

DISCOUNT PROPERTY (UK) LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

26 December 2024

DISCOUNT PROPERTY (UK) LTD

STATEMENT OF FINANCIAL POSITION

26 December 2024

	2024		2023
Note	£	£	£	£

CURRENT ASSETS

Debtors	4	46,000	42,850
Cash at bank and in hand		7,289	18,778
		--------	--------
		53,289	61,628

CREDITORS: amounts falling due within one year	5	( 11,596)		( 11,458)
		--------		--------
NET CURRENT ASSETS			41,693		50,170
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			41,693		50,170

CREDITORS: amounts falling due after more than one year	6	( 54,154)	( 62,494)
		--------	--------
NET LIABILITIES		( 12,461)	( 12,324)
		--------	--------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	( 12,462)	( 12,325)
	--------	--------
SHAREHOLDER DEFICIT	( 12,461)	( 12,324)
	--------	--------

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 26 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 member has 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 .

DISCOUNT PROPERTY (UK) LTD

STATEMENT OF FINANCIAL POSITION (continued)

26 December 2024

These financial statements were approved by the board of directors and authorised for issue on 21 September 2025 , and are signed on behalf of the board by:

L Gentile
Director

Company registration number: 05304394

DISCOUNT PROPERTY (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 26 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 2 Wimborne Drive, Blackhill, Keighley, West Yorkshire, BD21 2TR.

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. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. DEBTORS

	2024	2023
	£	£
Other debtors	46,000	42,850
	--------	--------

5. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	9,550	9,550
Other creditors	2,046	1,908
	--------	--------
	11,596	11,458
	--------	--------

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

	2024	2023
	£	£
Bank loans and overdrafts	8,754	18,304
Directors loan account	45,400	44,190
	--------	--------
	54,154	62,494
	--------	--------