Daood Nottingham Limited


Directors	Kattan, Daniel Nicholas
	Minsky, Daniel Benjamin


Registered Address	5 Fleet Place
	First Floor
	London
	EC4M 7RD


Registered Number	13804273 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investment property	3		-		1,976,835
			-		1,976,835
Current assets
Debtors	4	10,560		105,642
Cash at bank and on hand		9,716		59,115
		20,276		164,757
Creditors amounts falling due within one year	5	(20,091)		(955,055)
Net current assets (liabilities)			185		(790,298)
Total assets less current liabilities			185		1,186,537
Creditors amounts falling due after one year	6		-		(925,000)
Net assets			185		261,537
Capital and reserves
Called up share capital			100		100
Profit and loss account			85		261,437
Shareholders' funds			185		261,537

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2025, and are signed on its behalf by:

Kattan, Daniel Nicholas
Director

Minsky, Daniel Benjamin
Director

Registered Company No. 13804273

Daood Nottingham Limited

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents amounts receivable for rent and recharged insurance income.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Investment property
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Investment property


		£
	Fair value at 01 January 24	1,976,835
	Disposals	(1,976,835)
	At 31 December 24	-

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	79,500
Other debtors	10,560	25,000
Prepayments and accrued income	-	1,142
Total	10,560	105,642

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	99	1,034
Taxation and social security	16,992	50,421
Other creditors	-	831,869
Accrued liabilities and deferred income	3,000	71,731
Total	20,091	955,055

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	-	925,000
Total	-	925,000

7.	Related party transactions
	Within the accounts is an amount due from Acorn2Oak Property Advisors Limited, a Shareholder of the company for £1,760 (2023: £140,314 due to) Within the accounts is an amount due from Daniel Minsky a Shareholder and Director of the company for £1,760 (2023: £80,092 due to) Within the accounts is an amount due from Chaim Aziz a Shareholder of the company for £1,760 (2023: £200,534 due to) Within the accounts is an amount due from K3 Invest Limited a Shareholder of the company, of which Daniel Kattan is Director for £5,280 (2023: £410,929 due to)

Related party transactions

Within the accounts is an amount due from Acorn2Oak Property Advisors Limited, a Shareholder of the company for £1,760 (2023: £140,314 due to) 

Within the accounts is an amount due from Daniel Minsky a Shareholder and Director of the company for £1,760 (2023: £80,092 due to)

Within the accounts is an amount due from Chaim Aziz a Shareholder of the company for £1,760 (2023: £200,534 due to)

Within the accounts is an amount due from K3 Invest Limited a Shareholder of the company, of which Daniel Kattan is Director for £5,280 (2023: £410,929 due to)