D P Investments Limited - Period Ending 2015-06-30

Registration number: 03990364

D P Investments Limited

Unaudited Abbreviated Accounts

for the Period from 1 June 2014 to 30 June 2015

 

D P Investments Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
D P Investments Limited
for the Period Ended 30 June 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of D P Investments Limited for the period ended 30 June 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of D P Investments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of D P Investments Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D P Investments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that D P Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of D P Investments Limited. You consider that D P Investments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of D P Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Morgan Cameron Limited
Chartered Accountants
9 Thorney Leys Park
Witney
Oxfordshire
OX28 4GE

23 October 2015

Page 1

D P Investments Limited
(Registration number: 03990364)
Abbreviated Balance Sheet at 30 June 2015

		Note			30 June 2015 £			31 May 2014 £
Fixed assets
Tangible fixed assets		2			1,508,398			1,506,957
Investments					10			-
					1,508,408			1,506,957
Current assets
Stocks					3,774,222			1,891,865
Debtors					70,250			41,172
Cash at bank and in hand					109,498			2,063
					3,953,970			1,935,100
Creditors: Amounts falling due within one year					(3,304,926)			(1,615,715)
Net current assets					649,044			319,385
Total assets less current liabilities					2,157,452			1,826,342
Creditors: Amounts falling due after more than one year					(703,402)			(703,402)
Net assets					1,454,050			1,122,940
Capital and reserves
Called up share capital		4			1			1
Revaluation reserve					806,555			806,555
Profit and loss account					647,494			316,384
Shareholders' funds					1,454,050			1,122,940

For the year ending 30 June 2015 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 director acknowledges his 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 director on 22 October 2015

......................................... D M Bradley Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

D P Investments Limited
Notes to the Abbreviated Accounts for the Period from 1 June 2014 to 30 June 2015
......... 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).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable for the period in respect of property rents, property sales and services provided to customers, net of VAT.

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
Fixtures and fittings	25% on reducing balance

Investment properties

Investment properties are included in the balance sheet at their market value.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock and work in progress

Stock and work in progress is valued at the lower of cost and net realisable value, which is based on anticipated selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and related finance costs.

Page 3

D P Investments Limited
Notes to the Abbreviated Accounts for the Period from 1 June 2014 to 30 June 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 June 2014		1,542,796			-			1,542,796
Additions		3,393			10			3,403
At 30 June 2015		1,546,189			10			1,546,199
Depreciation
At 1 June 2014		35,839			-			35,839
Charge for the period		1,952			-			1,952
At 30 June 2015		37,791			-			37,791
Net book value
At 30 June 2015		1,508,398			10			1,508,408
At 31 May 2014		1,506,957			-			1,506,957

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
DP Investments (Chestnut) Limited	England	Ordinary	100%	Dormant

The profit for the financial period of DP Investments (Chestnut) Limited was £nil and the aggregate amount of capital and reserves at the end of the period was £10.

Page 4

D P Investments Limited
Notes to the Abbreviated Accounts for the Period from 1 June 2014 to 30 June 2015
......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		30 June 2015 £			31 May 2014 £
Amounts falling due within one year		2,501,221			76,101
Amounts falling due after more than one year		703,402			703,402
Total secured creditors		3,204,623			779,503

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

		30 June 2015 £			31 May 2014 £
After more than five years not by instalments		703,402			703,402

4	Share capital

Allotted, called up and fully paid shares

	30 June 2015						31 May 2014
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

5	Related party transactions

Director's advances and credits

	1 June 2014 to 30 June 2015 Advance/ Credit £	1 June 2014 to 30 June 2015 Repaid £	Year ended 31 May 2014 Advance/ Credit £	Year ended 31 May 2014 Repaid £
D M Bradley
Funds held short-term on behalf of the company	21,540	-	-	-

Page 5