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Registered number: 13947834
DC Property Manchester Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Beaumonts Chartered Accountants
ICAEW
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 13947834
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 854,694 233,650
854,694 233,650
CURRENT ASSETS
Debtors 5 22,069 11,662
Cash at bank and in hand 18,731 22
40,800 11,684
Creditors: Amounts Falling Due Within One Year (16,933 ) (5,356 )
NET CURRENT ASSETS (LIABILITIES) 23,867 6,328
TOTAL ASSETS LESS CURRENT LIABILITIES 878,561 239,978
Creditors: Amounts Falling Due After More Than One Year (610,066 ) (5,394 )
NET ASSETS 268,495 234,584
CAPITAL AND RESERVES
Called up share capital 6 2 2
Revaluation reserve 7 233,650 233,650
Profit and Loss Account 34,843 932
SHAREHOLDERS' FUNDS 268,495 234,584
Page 1
Page 2
For the year ending 31 March 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
Mrs Melanie Caplin
Director
Mr David Caplin
Director
14/05/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Revaluation reserve Profit and Loss Account Total
£ £ £ £
As at 1 April 2023 2 234,550 589 235,141
Profit for the year and total comprehensive income - - 443 443
Dividends paid - - (1,000) (1,000)
Transfer from revaluation reserve - - 900 900
Transfer to/from Profit & Loss Account - (900 ) - (900)
As at 31 March 2024 and 1 April 2024 2 233,650 932 234,584
Profit for the year and total comprehensive income - - 35,911 35,911
Dividends paid - - (2,000) (2,000)
As at 31 March 2025 2 233,650 34,843 268,495
Page 3
Page 4
Notes to the Financial Statements
1. General Information
DC Property Manchester Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13947834 . The registered office is 25 Parr Hill, Whitefield, Manchester, M45 7ER.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Freehold Not Depreciated
Fixtures & Fittings over 10 years
Computer Equipment 18% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 4
Page 5
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 226,000 9,000 - 235,000
Additions 596,903 26,890 677 624,470
As at 31 March 2025 822,903 35,890 677 859,470
Depreciation
As at 1 April 2024 - 1,350 - 1,350
Provided during the period - 3,365 61 3,426
As at 31 March 2025 - 4,715 61 4,776
Net Book Value
As at 31 March 2025 822,903 31,175 616 854,694
As at 1 April 2024 226,000 7,650 - 233,650
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 12 -
Amounts owed by Related Company 22,057 11,662
22,069 11,662
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
7. Reserves
Revaluation Reserve
£
As at 1 April 2024 233,650
As at 31 March 2025 233,650
Page 5