| Life Property DM Limited |
| Registered number: |
12293253 |
| Balance Sheet |
| as at 30 November 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
- |
|
|
1,021,767 |
| Debtors |
4 |
|
168,191 |
|
|
630,568 |
| Cash at bank and in hand |
|
|
5,835 |
|
|
40,563 |
|
|
|
174,026 |
|
|
1,692,898 |
|
| Creditors: amounts falling due within one year |
5 |
|
(305,784) |
|
|
(147,120) |
|
| Net current (liabilities)/assets |
|
|
|
(131,758) |
|
|
1,545,778 |
|
| Total assets less current liabilities |
|
|
|
(131,758) |
|
|
1,545,778 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(1,510,000) |
|
|
|
| Net (liabilities)/assets |
|
|
|
(131,758) |
|
|
35,778 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(131,858) |
|
|
35,678 |
|
| Shareholders' funds |
|
|
|
(131,758) |
|
|
35,778 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Simon Berry |
| Director |
| Approved by the board on 5 May 2026 |
|
| Life Property DM Limited |
| Notes to the Accounts |
| for the year ended 30 November 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
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. |
|
|
| 2 |
Going concern |
|
|
These financial statements have been prepared on a going concern basis which assumes that the company will continue in its operational existence for the foreseeable future. The validity of this assumption is dependent upon the continued support from the company's shareholders. If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts and to provide for further liabilities that may arise. |
|
|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
168,191 |
|
630,568 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
26,101 |
|
7,330 |
|
Taxation and social security costs |
26,983 |
|
- |
|
Other creditors |
252,700 |
|
139,790 |
|
|
|
|
|
|
305,784 |
|
147,120 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
- |
|
1,510,000 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
At the year end debtors include an amount of £2,000 (2024: £nil) due from Life Property Eastbourne Limited, a company where the directors Simon Berry and Jane Berry have an interest.
At the year end debtors include an amount of £1,500 (2024: £1,500) due from Life Property (Sutterton) Ltd, a company where the directors Simon Berry and Jane Berry have an interest.
At the year end debtors include an amount of £70,604 (2024: £41,004) due from Life Property Torquay Ltd, a company where the directors Simon Berry and Jane Berry have an interest.
At the year end creditors include an amount of £28,279 (2024: DR £410,700) due to Life Property Ltd, a company where the directors Simon Berry and Jane Berry have an interest.
At the year end creditors include an amount of £180,000 (2024: £nil) due to Life Property Holdings Ltd, a company where the directors Simon Berry and Jane Berry have an interest.
At the year end creditors include an amount of £nil (2024: £39,791) due to director Simon Berry. The amount is unsecured, interest free and repayable on demand. |
|
|
| 8 |
Controlling party |
|
|
The ultimate controlling party is Jane Berry by virtue of her 75% shareholding in the company. |
|
|
| 9 |
Other information |
|
|
Life Property DM Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
317 Horn Lane |
|
London |
|
W3 0BU |