REGISTERED NUMBER: 06127965 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Daas Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Ali Dogan Atim

Mrs Aylin Atim

REGISTERED OFFICE:

12b Commercial Road

London

N18 1TP

REGISTERED NUMBER:

06127965 (England and Wales)

ACCOUNTANTS:

Chris Pantazis Ltd T/A CPS & Co

Chartered Accountants

10A Aldermans Hill

Palmers Green

London

N13 4PJ

FIXED ASSETS

Intangible assets

4

6,000

8,000

Tangible assets

5

1,862,799

1,864,577

Investments

6

330,737

330,737

2,199,536

2,203,314

CURRENT ASSETS

Debtors

7

227,001

169,451

Cash at bank and in hand

29,245

64,170

256,246

233,621

CREDITORS

Amounts falling due within one year

8

81,180

77,994

NET CURRENT ASSETS

175,066

155,627

TOTAL ASSETS LESS CURRENT LIABILITIES

2,374,602

2,358,941

CREDITORS

Amounts falling due after more than one year

9

(452,232

)

(470,948

)

PROVISIONS FOR LIABILITIES

(303,125

)

(303,125

)

NET ASSETS

1,619,245

1,584,868

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

10

976,875

976,875

Retained earnings

641,370

606,993

1,619,245

1,584,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

Mr Ali Dogan Atim - Director

1.	STATUTORY INFORMATION

Daas Trading 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 as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 29 February 2024

and 28 February 2025

40,000

AMORTISATION

At 29 February 2024

32,000

Charge for year

2,000

At 28 February 2025

34,000

NET BOOK VALUE

At 28 February 2025

6,000

At 28 February 2024

8,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 29 February 2024

2,000,000

256,537

2,256,537

Additions

-

19,688

19,688

At 28 February 2025

2,000,000

276,225

2,276,225

DEPRECIATION

At 29 February 2024

144,000

247,960

391,960

Charge for year

14,400

7,066

21,466

At 28 February 2025

158,400

255,026

413,426

NET BOOK VALUE

At 28 February 2025

1,841,600

21,199

1,862,799

At 28 February 2024

1,856,000

8,577

1,864,577

Cost or valuation at 28 February 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2022

67,500

256,537

324,037

Valuation in 2024

1,212,500

-

1,212,500

Cost

720,000

19,688

739,688

2,000,000

276,225

2,276,225

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 29 February 2024

and 28 February 2025

330,737

NET BOOK VALUE

At 28 February 2025

330,737

At 28 February 2024

330,737

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade debtors

45,106

(1,710

)

Other debtors

181,895

171,161

227,001

169,451

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans and overdrafts

60,408

62,477

Trade creditors

2,701

6,418

Taxation and social security

15,071

2,337

Other creditors

3,000

6,762

81,180

77,994

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans

452,232

470,948

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

452,232

470,948

10.

RESERVES

Revaluation

reserve

£

At 29 February 2024

and 28 February 2025

976,875

11.	RELATED PARTY DISCLOSURES

At the end of the year the amount of £170,606 (2024: £170,606) was owed by Gurada Property Ltd, company number:11233366, Registered in England and Wales. The above balance was included in the Debtors:Amounts falling due with in one year " Other Debtors".

Mr Ali Dogan Atim is a director and shareholder for both companies.