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Company Registration No. 14342231 (England and Wales)
DSP Property Management Ltd Unaudited accounts for the year ended 31 August 2024
DSP Property Management Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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DSP Property Management Ltd Company Information for the year ended 31 August 2024
Director
Damien Steve Powell
Company Number
14342231 (England and Wales)
Registered Office
FIRST FLOOR 85 GREAT PORTLAND STREET LONDON W1W 7LT ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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DSP Property Management Ltd Accountants' report
Accountants' report to the director of DSP Property Management Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DSP Property Management Ltd for the year ended 31 August 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of DSP Property Management Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of DSP Property Management Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DSP Property Management Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that DSP Property Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of DSP Property Management Ltd. You consider that DSP Property Management Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of DSP Property Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 8 October 2025
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DSP Property Management Ltd Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
4
120,000
120,000
Current assets
Cash at bank and in hand
789
2,284
Creditors: amounts falling due within one year
5
(30,624)
(36,375)
Net current liabilities
(29,835)
(34,091)
Total assets less current liabilities
90,165
85,909
Creditors: amounts falling due after more than one year
6
(84,324)
(73,402)
Provisions for liabilities
Deferred tax
7
(1,458)
(3,124)
Net assets
4,383
9,383
Capital and reserves
Called up share capital
12
12
Revaluation reserve
12,133
12,133
Profit and loss account
(7,762)
(2,762)
Shareholders' funds
4,383
9,383
For the year ending 31 August 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2025 and were signed on its behalf by
Damien Steve Powell Director Company Registration No. 14342231
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DSP Property Management Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
DSP Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 14342231. The registered office is FIRST FLOOR, 85 GREAT PORTLAND STREET, LONDON, W1W 7LT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024
£
Fair value at 1 September 2023
120,000
At 31 August 2024
120,000
5
Creditors: amounts falling due within one year
2024
2023
£
£
Loans from directors
29,160
32,659
Accruals
1,464
1,260
Deferred income
-
2,456
30,624
36,375
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DSP Property Management Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
84,324
73,402
Aggregate of amounts that fall due for payment after five years
84,324
73,402
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
7
Deferred taxation
2024
2023
£
£
Revaluation of investment property
4,044
4,044
Tax losses carried forward
(2,586)
(920)
1,458
3,124
2024
2023
£
£
Provision at start of year
3,124
-
(Credited)/charged to the profit and loss account
(1,666)
3,124
Provision at end of year
1,458
3,124
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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