Dan-Michael Enterprises Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: SC344817

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,222,222		1,222,222

			1,222,222		1,222,222
CURRENT ASSETS
Cash at bank and in hand		19,377		11,292

		19,377		11,292
Creditors: Amounts Falling Due Within One Year	5	(396,275 )		(364,839 )

NET CURRENT ASSETS (LIABILITIES)			(376,898 )		(353,547 )

TOTAL ASSETS LESS CURRENT LIABILITIES			845,324		868,675

NET ASSETS			845,324		868,675

CAPITAL AND RESERVES
Called up share capital	6		1,242,866		1,242,866
Profit and Loss Account			(397,542 )		(374,191 )

SHAREHOLDERS' FUNDS			845,324		868,675

For the year ending 30 June 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Daniel Epstein

Director

06/10/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Dan-Michael Enterprises Limited is a private company, limited by shares, incorporated in Scotland, registered number SC344817 . The registered office is Level 5, 9 Haymarket Square, Edinburgh, EH3 8RY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not discounted.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction where they are subsequently carried at amortised cost using effective interest method. Financial liabilities that constitute a financing transaction are measured at present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not discounted.

Debt instruments are subsequently carried at amortised cost, using effective interest rate method.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Dan-Michael Enterprises Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Investment Property

	2025
	£
Fair Value
As at 1 July 2024 and 30 June 2025	1,222,222

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	12,418
Bank loans and overdraft	154,984	133,689
Directors' loan accounts	241,291	218,732

	396,275	364,839

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,242,866	1,242,866

7. Related Party Transactions

During the year, £22,559 was received from the directors towards a interest free working capital loan which is repayment on demand.

As at the balance sheet date, the company owed £241,291 (2024: £218,732) to the directors.

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