Deekay Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02119251

Deekay Property Limited

Filleted Unaudited Financial Statements

30 June 2025

Deekay Property Limited

Financial Statements

Year ended 30 June 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Deekay Property Limited

Balance Sheet

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	5,333	16,000
Tangible assets	6	576,788	585,565
		---------	---------
		582,121	601,565

Current assets

Debtors	7	356,286	206,884
Cash at bank and in hand		2,379,997	2,038,675
		------------	------------
		2,736,283	2,245,559

Creditors: amounts falling due within one year	8	2,919,728		2,429,625
		------------		------------
Net current liabilities			183,445	184,066
			---------	---------
Total assets less current liabilities			398,676	417,499

Creditors: amounts falling due after more than one year	9		30,977	31,704

Provisions

Taxation including deferred tax	10	105,370	106,220
		---------	---------
Net assets		262,329	279,575
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	262,229	279,475
	---------	---------
Shareholders funds	262,329	279,575
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Deekay Property Limited

Balance Sheet (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 19 November 2025 , and are signed on behalf of the board by:

Mr N Shah

Director

Company registration number: 02119251

Deekay Property Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Deekay House, 67-69 The Broadway, Stanmore, Greater London, HA7 4DJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents commissions and fees receivable from property management and arrangement of finance & consultancy services for the acquisition and sale of properties. It is stated net of value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Software and development costs	-	Straight line over 3 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	Straight line over 20 years
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 11 ).

5. Intangible assets

	Software development costs
	£
Cost
At 1 July 2024 and 30 June 2025	32,000
	--------
Amortisation
At 1 July 2024	16,000
Charge for the year	10,667
	--------
At 30 June 2025	26,667
	--------
Carrying amount
At 30 June 2025	5,333
	--------
At 30 June 2024	16,000
	--------

6. Tangible assets

	Leasehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 July 2024	602,741	52,479	108,085	142,992	906,297
Additions	–	296	93,799	7,603	101,698
Disposals	–	–	( 41,935)	–	( 41,935)
	---------	--------	---------	---------	---------
At 30 June 2025	602,741	52,775	159,949	150,595	966,060
	---------	--------	---------	---------	---------
Depreciation
At 1 July 2024	115,765	40,930	46,097	117,940	320,732
Charge for the year	30,137	1,776	28,463	8,164	68,540
	---------	--------	---------	---------	---------
At 30 June 2025	145,902	42,706	74,560	126,104	389,272
	---------	--------	---------	---------	---------
Carrying amount
At 30 June 2025	456,839	10,069	85,389	24,491	576,788
	---------	--------	---------	---------	---------
At 30 June 2024	486,976	11,549	61,988	25,052	585,565
	---------	--------	---------	---------	---------

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings	–	2,248
Other debtors	356,286	204,636
	---------	---------
	356,286	206,884
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,201,369	598,530
Amounts owed to group undertakings	636,204	863,987
Other creditors	1,082,155	967,108
	------------	------------
	2,919,728	2,429,625
	------------	------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	30,977	31,704
	--------	--------

10. Provisions

	Deferred tax (note 11)
	£
At 1 July 2024	106,220
Additions	( 850)
	---------
At 30 June 2025	105,370
	---------

11. Deferred tax

The deferred tax included in the balance sheet is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	105,370	106,220
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	105,370	106,220
	---------	---------

12. Parent company

The immediate and ultimate parent company is Deekay Holdings (UK) Limited, a company incorporated in England and Wales.