D._&_P._ESTATES_LIMITED - Accounts
D._&_P._ESTATES_LIMITED - Accounts
D. & P. Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is St John's Court, Wiltell Road, Lichfield, Staffordshire, WS14 9DS.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Turnover represents gross amounts receivable for rent.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average monthly number of persons (including directors) employed by the company during the year was:
Investment property comprises freehold and buildings. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2022 has been arrived at on the basis of a valuation carried out by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
A charge was created by Legal & General Assurance Society Limited on 31 December 1968 on the properties 32/44 Princes Gate and 1/8 Montrose Court, SW7. The amount secured is £70,000 due from the company and Maurice Sealey.
A charge was created by Legal & General Assurance Society Limited on 26 July 1977 on the properties 127 & 127A Northdown Road, Margate, Kent - Title No. 61566. The amount secured is £50,000.
A charge was created by Woolwich PLC on 15 August 2001 on Flat 4, 56 Onslow Gardens, London SW7 - Title No. NGL647652. The amount secured is all monies due or to become due from the company to the chargee including further advances plus a floating charge over the company's present and future undertakings and assets whatever and wherever.
A charge was created by Norwich & Peterborough Building Society on 30 April 2012 on 371,373 & 375 Walworth Road, London.. The amount secured is all monies due or to become due from the company to the chargee on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge including rents receivable.
A charge was created by Norwich & Peterborough Building Society on 24 April 2014 and is secured by fixed charge on the leasehold property known as 35 Kingston House, North Kensington Road, Westminster.
A charge was created by Yorkshire Building Society on 23 March 2020 and is secured by fixed charge and negative pledge on the property known as 1 Oak Tree Close, London W5 2AQ - Title No. AGL98428.
A charge was created by Brown Shipley & Co Limited on 11 January 2021 and is secured by fixed charge and negative pledge on the property known as Flat 1, Onslow Gardens, South Kensington, London, SW7 3BS.
A charge was created by Barclays Security Trustee Limited on 23 July 2021 and is secured by fixed and floating charge and negative pledge, the floating charge covers all of the property or undertaking of the company.
A charge was created by Barclays Security Trustee Limited on 19 August 2021 and is secured by fixed charge and negative pledge on the property known as Flat 4, 56/58 Onslow Gardens, South Kensington, London, SW7 3QA.
A charge was created by Barclays Security Trustee Limited on 19 August 2021 and is secured by fixed charge and negative pledge on the property known as Flat 1, 86 Onslow Gardens, South Kensington, London, SW7 3BS.
A charge was created by Barclays Security Trustee Limited on 19 August 2021 and is secured by fixed and floating charge and negative pledge, the floating charge covers all of the property or undertaking of the company.