DANOBE PROPERTIES LTD


Directors	NAFTALIN, Bryan Robert
	NAFTALIN, Elliot


Registered Address	16 Thornton Way
	London
	NW11 6SD


Registered Number	10255132 (England and Wales)

Statement of Financial Position
30 April 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		1,190,000		1,160,000
			1,190,000		1,160,000
Current assets
Debtors	4	2,604		12,728
Cash at bank and on hand		5,383		1,118
		7,987		13,846
Creditors amounts falling due within one year	5	(259,112)		(308,118)
Net current assets (liabilities)			(251,125)		(294,272)
Total assets less current liabilities			938,875		865,728
Net assets			938,875		865,728
Capital and reserves
Called up share capital			90		90
Profit and loss account			938,785		865,638
Shareholders' funds			938,875		865,728

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 4 September 2026, and are signed on its behalf by:

NAFTALIN, Bryan Robert
Director
Registered Company No. 10255132

DANOBE PROPERTIES LTD

Notes to the Financial Statements
for the year ended 30 April 2026

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 unless otherwise specified within these accounting policies, on a basis other than the going concern basis 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 represents rental, recharges and dilapidations income, excluding value added tax. The company's policy is to recognise rental income on a straight line basis in accordance with the terms of the lease agreements.

	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.

	Investment property
	Investment property is carried at fair value derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	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 and loans to and from related parties.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Investment property
	The fair value of the investment property at 30 April 2026 has been arrived on the basis of a valuation carried out at that date by the company directors, who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the current state of the rental market in the area where the properties are situated.

Investment property

The fair value of the investment property at 30 April 2026 has been arrived on the basis of a valuation carried out at that date by the company directors, who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the current state of the rental market in the area where the properties are situated.


		£
	Fair value at 01 May 25	1,160,000
	Fair value adjustments	30,000
	At 30 April 26	1,190,000

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	2,604	3,635
Other debtors	-	9,093
Total	2,604	12,728

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	2,171	3,035
Taxation and social security	13,440	15,409
Other creditors	243,501	289,674
Total	259,112	308,118

6.	Related party transactions
	At the year end, included in other creditors is a balance of £230,000 (2025: £280,000) owing to a company controlled by the directors. The loan balance is unsecured with no fixed repayment terms. Interest is charged at a commercial rate.