DP CONVEYANCING & PROPERTY LAW LIMITED


Directors	EFFARD, Peter
	PATEY, Marie
	PICKETT, Dawn Ann
	WILKINSON, Danielle Louise


Registered Address	B7 Marquis Court
	Team Valley Trading Estate
	Gateshead
	NE11 0RU


Registered Number	11135940 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		9,251		10,942
			9,251		10,942
Current assets
Debtors	4	67,087		99,657
Cash at bank and on hand		169,582		138,808
		236,669		238,465
Creditors amounts falling due within one year	5	(74,555)		(76,883)
Net current assets (liabilities)			162,114		161,582
Total assets less current liabilities			171,365		172,524
Creditors amounts falling due after one year	6		(22,975)		(28,489)
Provisions for liabilities	8		(2,100)		(2,600)
Net assets			146,290		141,435
Capital and reserves
Called up share capital			200		200
Profit and loss account			146,090		141,235
Shareholders' funds			146,290		141,435

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 December 2025, and are signed on its behalf by:

PICKETT, Dawn Ann
Director
Registered Company No. 11135940

DP CONVEYANCING & PROPERTY LAW LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 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 policy

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 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.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	4
	Office Equipment	4

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	18		15

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	5,545	30,819	36,364
Additions	-	5,178	5,178
At 31 March 25	5,545	35,997	41,542
Depreciation and impairment
At 01 April 24	5,300	20,122	25,422
Charge for year	126	6,743	6,869
At 31 March 25	5,426	26,865	32,291
Net book value
At 31 March 25	119	9,132	9,251
At 31 March 24	245	10,697	10,942

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	23,460	58,172
Other debtors	34,453	32,743
Prepayments and accrued income	9,174	8,742
Total	67,087	99,657

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	4,494
Bank borrowings and overdrafts	5,514	5,514
Taxation and social security	60,534	55,125
Other creditors	5,628	5,381
Accrued liabilities and deferred income	2,879	6,369
Total	74,555	76,883

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	22,975	28,489
Total	22,975	28,489

7.	Creditors: amounts due after 5 years
	Bank borrowings repayable after more than five years amount to £919 (2024 - £6,433).

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	2,100	2,600
Total	2,100	2,600

9.	Directors advances, credits and guarantees
	On 1 April 2024, a Director owed the Company £3,474. During the period this director advanced a further £399. At 31 March 2025 this Director owed the Company £3,873. Interest of £84 was charged on this loan at the HMRC official rate. The loan is repayable on demand. On 1 April 2024, a Director owed the Company £18,705. During the period this director was advanced a further £459. At 31 March 2025 this Director owed the Company £19,164. Interest of £476 was charged on this loan at the HMRC official rate. The loan is repayable on demand.

Directors advances, credits and guarantees

On 1 April 2024, a Director owed the Company £3,474. During the period this director advanced a further £399. At 31 March 2025 this Director owed the Company £3,873. Interest of £84 was charged on this loan at the HMRC official rate. The loan is repayable on demand.

On 1 April 2024, a Director owed the Company £18,705. During the period this director was advanced a further £459. At 31 March 2025 this Director owed the Company £19,164. Interest of £476 was charged on this loan at the HMRC official rate. The loan is repayable on demand.