Dal Properties Ltd - Period Ending 2014-10-31

Registration number: 04919975

Dal Properties Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2014
 

Chatha & Co
Chartered Certified Accountants
115-116 Spon End
Coventry
CV1 3HF

Dal Properties Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Dal Properties Ltd
(Registration number: 04919975)
Abbreviated Balance Sheet at 31 October 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					285,475			285,630
Current assets
Cash at bank and in hand					29,716			24,671
Creditors: Amounts falling due within one year					(131,454)			(130,776)
Net current liabilities					(101,738)			(106,105)
Total assets less current liabilities					183,737			179,525
Creditors: Amounts falling due after more than one year					(156,985)			(164,642)
Net assets					26,752			14,883
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					26,750			14,881
Shareholders' funds					26,752			14,883

For the year ending 31 October 2014 the company was entitled to exemption 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 .

Approved by the Board on 24 July 2015 and signed on its behalf by:

.........................................
Mr D S Nijjar
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Dal Properties Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machinery	10-25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2013		289,048			289,048
At 31 October 2014		289,048			289,048
Depreciation
At 1 November 2013		3,418			3,418
Charge for the year		155			155
At 31 October 2014		3,573			3,573
Net book value
At 31 October 2014		285,475			285,475
At 31 October 2013		285,630			285,630

Page 2

Dal Properties Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2014 £			2013 £
After more than five years by instalments		146,488			154,145

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

5	Related party transactions

Directors' advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
Mr D S Nijjar
£313 was introduced during the period. Loan to the company is interest free and non instalment basis	(125,676)	-	(125,363)	-

Page 3