David Brown Property Management Limited 29/03/2022 iXBRL
David Brown Property Management Limited 29/03/2022 iXBRL
Company registration number:
08712585
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
29 March 2022
29/03/22 | 29/03/21 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 March 2023
, and are signed on behalf of the board by:
Director
Company registration number:
08712585
Notes to the financial statements
Year ended 29 March 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Jessop House, Outrams Wharf, Little Eaton, Derby, DE21 5EL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment | - |
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Impairment
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2021:
1
).
5.
Profit before taxation
Profit before taxation is stated after charging/(crediting):
Year | Period | ||||
ended | 31/03/20 to | ||||
29/03/22 | 29/03/21 | ||||
£ | £ | ||||
Depreciation of tangible assets | - |
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_______ | _______ | ||||
6.
Tangible assets
Computer equipment | Total | ||
£ | £ | ||
Cost | |||
At 30 March 2021 and 29 March 2022 |
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_______ | _______ | ||
Depreciation | |||
At 30 March 2021 and 29 March 2022 |
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_______ | _______ | ||
Carrying amount | |||
At 29 March 2022 |
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_______ | _______ | ||
At 29 March 2021 |
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_______ | _______ | ||
7.
Debtors
29/03/22 | 29/03/21 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Creditors: amounts falling due within one year
29/03/22 | 29/03/21 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
9.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ | £ | |
Not later than 1 year |
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Later than 1 year and not later than 5 years | - |
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_______ | _______ | |
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_______ | _______ | |
10.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | |||||
Year ended 29/03/22 | |||||
Balance brought forward | Advances /(credits) to the director | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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(
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- |
(
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_______ | _______ | _______ | _______ | ||
Period 31/03/20 to 29/03/21 | |||||
Balance brought forward | Advances /(credits) to the director | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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(
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(
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(
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_______ | _______ | _______ | _______ | ||
During the year the company paid £102 (2021: £270) of mileage expenses to the director in respect of business mileage carried out in her own motor vehicle.
11.
Controlling party