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Company Registration No. 11629579 (England and Wales)
D A M Real Estate Limited Unaudited accounts for the year ended 31 October 2024
D A M Real Estate Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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D A M Real Estate Limited Company Information for the year ended 31 October 2024
Directors
Atul Ratilal Manek Dipak Ratilal Jevant
Secretary
Atul Ratilal Manek
Company Number
11629579 (England and Wales)
Registered Office
68 Hallington Court 6 Brannigan Way Edgware Middlesex HA8 8GE England
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D A M Real Estate Limited Statement of financial position as at 31 October 2024
2024
2023
Notes
£
£
Current assets
Inventories
-
128,189
Debtors
4
-
53,890
Investments
5
-
500,000
Cash at bank and in hand
189
-
189
682,079
Creditors: amounts falling due within one year
6
(83,608)
(764,414)
Net current liabilities
(83,419)
(82,335)
Net liabilities
(83,419)
(82,335)
Capital and reserves
Called up share capital
7
10,000
10,000
Profit and loss account
(93,419)
(92,335)
Shareholders' funds
(83,419)
(82,335)
For the year ending 31 October 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by
Atul Ratilal Manek Director Company Registration No. 11629579
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D A M Real Estate Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
D A M Real Estate Limited is a private company, limited by shares, registered in England and Wales, registration number 11629579. The registered office is 68 Hallington Court, 6 Brannigan Way, Edgware, Middlesex, HA8 8GE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The financial statements are presented in Pound Sterling (£).
Going concern
Any consideration of the foreseeable future involves making a judgment, at a particular point in time, about future events that are inherently uncertain. Subsequent to the year end, the company has ceased trading.
Turnover
Revenue is recognised when the significant risks and rewards of ownership have been transferred to the purchaser which will normally occur at legal completion. Revenue is recognised at the fair value of the consideration received or receivable on legal completion
Inventories
Land and buildings acquired or under development for sale in the ordinary course of business, rather than to be held for rental or capital appreciation, is held as stock and is measured at the lower of cost and net realisable value. Cost comprises of the invoiced value of the land purchased and includes attributable direct costs, labour and other related overheads. Net realisable value is the estimated selling price in the ordinary course of the business, based on the market value at the reporting date less estimated costs of completion and the estimated costs necessary to make the sale. Any excess of the carrying amount of stocks over its net realisable value is recognised as an impairment loss in the profit and loss account.
Investments
Investments in shares are included at fair value.
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D A M Real Estate Limited Notes to the Accounts for the year ended 31 October 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors
2024
2023
£
£
Amounts falling due within one year
Other debtors
-
53,890
5
Investments held as current assets
2024
2023
£
£
Unlisted investments
-
500,000
An investment of £500,000 has been made in SSRE 1 Limited,a Guernsey registered company. The company is developing the property at Stewart House, Kenton Road, Harrow, Middlesex HA3 9DZ. During the year no dividends were received (2023 : £Nil) in respect of this investment. On cessation of trading, this investment was transferred to the Directors in lieu of the balance on the directors current account.
6
Creditors: amounts falling due within one year
2024
2023
£
£
Loans from directors
83,608
753,954
Accruals
-
10,460
83,608
764,414
7
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
8
Transactions with related parties
Subsequent to the year end, the company ceased trading. All remaining assets of the company together with any liabilities were transferred to the directors at their carrying values. The directors do not expect to recover the balance due to them at the year end.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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