| Datoo Partnership Ltd |
| Registered number: |
14144914 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investment property |
3 |
|
|
6,352,250 |
|
|
6,352,250 |
|
| Current assets |
| Debtors |
4 |
|
1,323,787 |
|
|
785,905 |
| Cash at bank and in hand |
|
|
58,218 |
|
|
77,181 |
|
|
|
1,382,005 |
|
|
863,086 |
|
| Creditors: amounts falling due within one year |
5 |
|
(2,774,868) |
|
|
(1,421,796) |
|
| Net current liabilities |
|
|
|
(1,392,863) |
|
|
(558,710) |
|
| Total assets less current liabilities |
|
|
|
4,959,387 |
|
|
5,793,540 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(1,912,772) |
|
|
(2,794,424) |
|
|
|
| Net assets |
|
|
|
3,046,615 |
|
|
2,999,116 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Share premium |
|
|
|
2,971,250 |
|
|
2,971,250 |
| Profit and loss account |
|
|
|
74,365 |
|
|
26,866 |
|
| Shareholders' funds |
|
|
|
3,046,615 |
|
|
2,999,116 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| R Datoo |
| Director |
| Approved by the board on 16 December 2025 |
|
| Datoo Partnership Ltd |
| Notes to the Accounts |
| for the year ended 31 March 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Rental income from investment properties is recognised in the profit and loss on a straight line basis over the lease term. |
|
|
Investment properties |
|
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase costs and directly attributable expenditure. Subsequently it is measure at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss. |
|
|
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. |
|
|
Finance costs |
|
Loan arrangement fees are recognised in the profit and loss as and when they are incurred. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Fair value |
|
At 1 April 2024 |
6,352,250 |
|
|
At 31 March 2025 |
6,352,250 |
|
|
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors on 31 March 2025. The valuation was made on an open market value basis by reference to market evidence of transactions prices for similar properties. |
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by companies under common control |
|
1,287,110 |
|
749,228 |
|
Other debtors |
36,677 |
|
36,677 |
|
|
|
|
|
|
1,323,787 |
|
785,905 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
872,480 |
|
- |
|
Trade creditors |
7,598 |
|
- |
|
Amounts owed to companies under common control |
|
1,715,348 |
|
1,286,100 |
|
Taxation and social security costs |
26,095 |
|
16,243 |
|
Other creditors |
153,347 |
|
119,453 |
|
|
|
|
|
|
2,774,868 |
|
1,421,796 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
1,912,772 |
|
2,794,424 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
1,860,328 |
|
1,860,328 |
|
Instalments falling due for payment after more than five years |
- |
|
29,216 |
|
|
|
|
|
|
1,860,328 |
|
1,889,544 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
2,785,252 |
|
2,794,424 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured by way of fixed charges over the investment properties. Details of the charges filed are available at Companies House. |
|
|
| 8 |
Other information |
|
|
Datoo Partnership Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Stoneham House |
|
17 Scarbrook Road |
|
Croydon |
|
CR0 1SQ |