DLH Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04381839 (England and Wales)

Financial Statements

for the Year Ended 31st December 2018

for

DLH Properties Ltd

Trading as

Peers and Hilton

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T H Peers

C N E Ostroumoff

SECRETARY:

Cornerstones Secretaries Ltd

REGISTERED OFFICE:

19 Duke Street

Henley on Thames

Oxfordshire

RG9 1UR

REGISTERED NUMBER:

04381839 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

2 West Street

Henley On Thames

Oxfordshire

RG9 2DU

FIXED ASSETS

Intangible assets

4

-

18,750

Tangible assets

5

1,847

3,595

1,847

22,345

CURRENT ASSETS

Debtors

32,137

31,068

Cash at bank

283,889

268,686

316,026

299,754

CREDITORS

Amounts falling due within one year

34,254

30,060

NET CURRENT ASSETS

281,772

269,694

TOTAL ASSETS LESS CURRENT LIABILITIES

283,619

292,039

CREDITORS

Amounts falling due after more than one year

217,969

184,833

NET ASSETS

65,650

107,206

CAPITAL AND RESERVES

Called up share capital

140

140

Retained earnings

65,510

107,066

SHAREHOLDERS' FUNDS

65,650

107,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 30th September 2019 and were signed on its behalf by:

T H Peers - Director

1.	STATUTORY INFORMATION

DLH Properties Ltd 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.

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 2013, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Goodwill continued

Goodwill relates to the acquisition of the business in 2003 and 2013. The 2003 acquisition has been fully

amortised. The 2013 acquisition has been amortised evenly over its estimated useful life and has been fully

written down this year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2018

and 31st December 2018

187,500

AMORTISATION

At 1st January 2018

168,750

Amortisation for year

18,750

At 31st December 2018

187,500

NET BOOK VALUE

At 31st December 2018

-

At 31st December 2017

18,750

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2018

41,618

Disposals

(27,491

)

At 31st December 2018

14,127

DEPRECIATION

At 1st January 2018

38,023

Charge for year

(130

)

Eliminated on disposal

(25,613

)

At 31st December 2018

12,280

NET BOOK VALUE

At 31st December 2018

1,847

At 31st December 2017

3,595

6.	CASH AT BANK

£217,968.89 of Cash at Bank relates to deposits held for Landlords, for which the Company manages their

Properties. These deposits are not available for use by the Company, nor is any interest gained on holding the

deposits. The corresponding liability is reflected in Note 10 of the full accounts.