| DZK Properties Limited |
| Registered number: |
14526730 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
877,976 |
|
|
537,345 |
|
| Current assets |
| Stocks |
|
|
3,311 |
|
|
- |
| Cash at bank and in hand |
|
|
42,232 |
|
|
- |
|
|
|
45,543 |
|
|
- |
|
| Creditors: amounts falling due within one year |
4 |
|
(321,841) |
|
|
(191,395) |
|
| Net current liabilities |
|
|
|
(276,298) |
|
|
(191,395) |
|
| Total assets less current liabilities |
|
|
|
601,678 |
|
|
345,950 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(581,950) |
|
|
(347,080) |
|
|
|
| Net assets/(liabilities) |
|
|
|
19,728 |
|
|
(1,130) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
19,628 |
|
|
(1,230) |
|
| Shareholders' funds |
|
|
|
19,728 |
|
|
(1,130) |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Mr Kamal Uddin Shaid |
| Director |
| Approved by the board on 27 September 2025 |
|
| DZK Properties 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 for rent receivable, net of discounts and value added taxes. The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities. |
|
|
Investment properties |
|
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. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets. |
|
|
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 |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
|
|
|
|
|
|
|
|
Investment |
|
|
|
|
|
|
|
|
Properties |
| £ |
|
Cost |
|
At 1 January 2024 |
537,345 |
|
Additions |
340,631 |
|
|
At 31 December 2024 |
877,976 |
|
|
The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the directors. The directors having suitable knowledge and experience considered the above valuation to be a fair reflection of the value of the investment properties as of 31 December 2024. |
|
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
21,640 |
|
21,640 |
|
Trade creditors |
1,591 |
|
600 |
|
Taxation and social security costs |
4,625 |
|
- |
|
Other creditors |
293,985 |
|
169,155 |
|
|
|
|
|
|
321,841 |
|
191,395 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
581,950 |
|
347,080 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2024 |
|
2023 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
603,590 |
|
368,720 |
|
|
|
|
|
|
|
|
|
|
The aggregate amount of creditors for which security has been given amounted to £603,590. These amounts have been secured against the investment properties of the company. |
|
|
| 7 |
Other information |
|
|
DZK Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
311 Regents Park Road |
|
London |
|
N3 1DP |