Company Registration No. 15642565 (England and Wales)
DM Prime Properties Ltd
Unaudited accounts
for the period from 13 April 2024 to 30 April 2025
DM Prime Properties Ltd
Company Information
for the period from 13 April 2024 to 30 April 2025
Company Number
15642565 (England and Wales)
Registered Office
128 City Road
London
EC1V 2NX
United Kingdom
Accountants
Accounting Inc. Ltd
Hoults Yard
Walker Rd
Newcastle upon Tyne
Tyne and Wear
NE6 2HL
DM Prime Properties Ltd
Statement of financial position
as at 30 April 2025
Investment property
391,727
Cash at bank and in hand
80,992
Creditors: amounts falling due within one year
(4,429)
Total assets less current liabilities
474,573
Creditors: amounts falling due after more than one year
(521,190)
Profit and loss account
(46,618)
Shareholders' funds
(46,617)
For the period ending 30 April 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 director acknowledges his 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 and authorised for issue on 6 January 2026 and were signed on its behalf by
D Medland
Director
Company Registration No. 15642565
DM Prime Properties Ltd
Notes to the Accounts
for the period from 13 April 2024 to 30 April 2025
DM Prime Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 15642565. The registered office is 128 City Road, London, EC1V 2NX, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover is measured at the fair value of the consideration received or receivable, net of any discounts or rebates and excluding value added tax and other sales taxes. For a property investment company, turnover represents rental income from residential buy to let properties. Rental income is recognised on a straight line basis over the term of the lease or tenancy agreement, to the extent that it is probable that the economic benefits will flow to the Company and the amount can be measured reliably. Residential rents are exempt from VAT and therefore no VAT is charged on rental income.
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
DM Prime Properties Ltd
Notes to the Accounts
for the period from 13 April 2024 to 30 April 2025
Amounts falling due within one year
Accrued income and prepayments
5,533
6
Creditors: amounts falling due within one year
2025
7
Creditors: amounts falling due after more than one year
2025
Loans from directors
458,619
8
Average number of employees
During the period the average number of employees was 1.