DDG Properties (WM) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06691997 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

DDG Properties (WM) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G R Moore

REGISTERED OFFICE:

27a Royal Crescent

Bath

Somerset

BA1 2LT

REGISTERED NUMBER:

06691997 (England and Wales)

FIXED ASSETS

Tangible assets

4

35

69

CURRENT ASSETS

Debtors

5

118,706

95,076

CREDITORS

Amounts falling due within one year

6

75,674

68,194

NET CURRENT ASSETS

43,032

26,882

TOTAL ASSETS LESS CURRENT
LIABILITIES

43,067

26,951

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

43,065

26,949

SHAREHOLDERS' FUNDS

43,067

26,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2025 and were signed by:

G R Moore - Director

1.	STATUTORY INFORMATION

DDG Properties (WM) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on straight line basis

All fixed assets are initially recorded at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

3,228

DEPRECIATION

At 1 January 2024

3,159

Charge for year

34

At 31 December 2024

3,193

NET BOOK VALUE

At 31 December 2024

35

At 31 December 2023

69

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

1,880

2,939

Amounts recoverable on contract

12,500

Other debtors

70,145

70,146

Directors' current accounts

27,951

9,491

Tax

6,230

-

118,706

95,076

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

11,720

11,936

Trade creditors

15,733

3,840

Tax

20,404

10,434

Social security and other taxes

6,022

2,189

VAT

-

20,181

Other creditors

4,000

Net wages

2,513

247

Accruals and deferred income

15,282

15,367

75,674

68,194

7.	RELATED PARTY DISCLOSURES

Included in debtors is £70,144 (2024: £70,144) which is owed to the Company by DDG Properties Limited, a Company of which Mr G R Moore is a director.

Included in debtors is £27,951 (2024: £9,491 creditor) which is owed to the company by Mr G R Moore, a director.