Registered number
10513921
DAC Estates Limited
Filleted Accounts
31 December 2024
DAC Estates Limited
Registered number: 10513921
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 585,785 458,042
Current assets
Debtors 4 - 20,260
Cash at bank and in hand 1,329 1,883
1,329 22,143
Creditors: amounts falling due within one year 5 (110,226) (173,910)
Net current liabilities (108,897) (151,767)
Total assets less current liabilities 476,888 306,275
Creditors: amounts falling due after more than one year 6 (471,810) (300,585)
Provisions for liabilities (3,027) -
Net assets 2,051 5,690
Capital and reserves
Called up share capital 2 2
Revaluation reserve 8 12,904 -
Profit and loss account (10,855) 5,688
Shareholders' funds 2,051 5,690
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Awraham April
Director
Approved by the board on 30 September 2025
DAC Estates Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment properties Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 456,808 1,543 458,351
Additions 110,913 1,509 112,422
Surplus on revaluation 15,931 - 15,931
At 31 December 2024 583,652 3,052 586,704
Depreciation
At 1 January 2024 - 309 309
Charge for the year - 610 610
At 31 December 2024 - 919 919
Net book value
At 31 December 2024 583,652 2,133 585,785
At 31 December 2023 456,808 1,234 458,042
4 Debtors 2024 2023
£ £
Other debtors - 20,260
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - (104)
Other creditors 110,226 174,014
110,226 173,910
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 471,810 300,585
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 295,602 295,602
The bank loans are secures against the assets of the company
8 Revaluation reserve 2024 2023
£ £
Gain on revaluation of land and buildings 15,931 -
Deferred taxation arising on the revaluation of land and buildings (3,027) -
At 31 December 2024 12,904 -
9 Other information
DAC Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
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