DLR Property Development Limited Filleted accounts for Companies House (small and micro)

DLR PROPERTY DEVELOPMENT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09132634

DLR Property Development Limited

Filleted Unaudited Financial Statements

31 January 2021

DLR Property Development Limited

Statement of Financial Position

31 January 2021

	31 Jan 21		31 May 20
Note	£	£	£

Current assets

Debtors	4	690,500	1,458,556
Investments	5	100	100
Cash at bank and in hand		762,904	63,411
		------------	------------
		1,453,504	1,522,067

Creditors: amounts falling due within one year	6	625,000		625,000
		------------		------------
Net current assets			828,504	897,067
			---------	---------
Total assets less current liabilities			828,504	897,067

Accruals and deferred income	–	7,500
	---------	---------
Net assets	828,504	889,567
	---------	---------

Capital and reserves

Called up share capital	10	10
Profit and loss account	828,494	889,557
	---------	---------
Shareholders funds	828,504	889,567
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

DLR Property Development Limited

Statement of Financial Position (continued)

31 January 2021

These financial statements were approved by the board of directors and authorised for issue on 3 February 2021 , and are signed on behalf of the board by:

Miss L A Cox

Director

Company registration number: 09132634

DLR Property Development Limited

Notes to the Financial Statements

Period from 1 June 2020 to 31 January 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 99 Kenton Road, Kenton, Harrow, Middlesex, HA3 0AN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference. The taxation expense also includes amounts receivable or payable from or to subsidiaries in lieu of tax losses surrendered or claimed.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	31 Jan 21	31 May 20
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	690,500	1,424,188
Other debtors	–	34,368
	---------	------------
	690,500	1,458,556
	---------	------------

5. Investments

	31 Jan 21	31 May 20
	£	£
Investments in group undertakings	100	100
	----	----

6. Creditors: amounts falling due within one year

	31 Jan 21	31 May 20
	£	£
Loans	625,000	625,000
	---------	---------

7. Related party transactions

The company was not under the control of any one person throughout the current period. The company has taken advantage of the exemption conferred by FRS 102 from disclosing details of transactions with wholly owned group company.