| DAKI ESTATES LIMITED |
| Registered number: |
15092263 |
| Balance Sheet |
| as at 31 August 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,209,744 |
|
|
271,784 |
|
| Current assets |
| Debtors |
4 |
|
133,422 |
|
|
189,646 |
| Cash at bank and in hand |
|
|
5,239 |
|
|
100 |
|
|
|
138,661 |
|
|
189,746 |
|
| Creditors: amounts falling due within one year |
5 |
|
(683,558) |
|
|
(284,220) |
|
| Net current liabilities |
|
|
|
(544,897) |
|
|
(94,474) |
|
| Total assets less current liabilities |
|
|
|
664,847 |
|
|
177,310 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(620,426) |
|
|
(152,821) |
|
|
|
| Net assets |
|
|
|
44,421 |
|
|
24,489 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
44,321 |
|
|
24,389 |
|
| Shareholders' funds |
|
|
|
44,421 |
|
|
24,489 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Ramesh Yadav |
| Director |
| Approved by the board on 15 October 2025 |
|
| DAKI ESTATES LIMITED |
| Notes to the Accounts |
| for the year ended 31 August 2025 |
|
|
| 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 represents amounts derived from rents charged to tenants during the year, and is recognised at the rental period occured. |
|
|
Investment property |
|
Investment properties which are properties held to earn rentals, are initially recognised at cost, which include the purchase cost and any directly attributable expenditures.
Subsequnetly these are measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value are recoginised in the profit or loss. |
|
Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date. |
|
|
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. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment property |
| £ |
|
Fair value |
|
At 1 September 2024 |
271,784 |
|
Additions |
937,960 |
|
At 31 August 2025 |
1,209,744 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 August 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2025 |
1,209,744 |
|
At 31 August 2024 |
271,784 |
|
|
Investment property was valued on an open market basis on 31 August 2025 by the directors. |
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
133,422 |
|
189,646 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
1,418 |
|
- |
|
Taxation and social security costs |
20,136 |
|
7,440 |
|
Other creditors |
662,004 |
|
276,780 |
|
|
|
|
|
|
683,558 |
|
284,220 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
607,176 |
|
152,821 |
|
Other creditors |
13,250 |
|
- |
|
|
|
|
|
|
620,426 |
|
152,821 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
607,176 |
|
152,821 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
607,176 |
|
152,821 |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured against a first legal charge over the investment property owned by the company. |
|
|
| 8 |
Related party transactions |
|
|
Included in other debtors are amounts of £102,644 (2024: £36, 986) due from Keynsham Healthcare Limited and £15,822 (2024: Nil) due from Magna Healthcare Limited related to an accrued rent. |
|
|
Included in other creditors less than one year are amounts of £73,201 (2024: £1,974) due to Keynsham Healthcare Limited and £585,499 (2024: £271,807) due to Magna Healthcare Limited under the common ownership & directorship. |
|
|
| 9 |
Other information |
|
|
DAKI ESTATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
4 South Parade |
|
Chew Magna |
|
Bristol |
|
England |
|
BS40 8SH |