DB9 Properties Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04990474 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

DB9 PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A G Chater

Mrs D Chater

SECRETARY:

Mr A G Chater

REGISTERED OFFICE:

35 Great Nelmes Chase

Hornchurch

Essex

RM11 2PS

REGISTERED NUMBER:

04990474 (England and Wales)

ACCOUNTANTS:

CKS Accountancy Limited

1349/1353 London Road

Leigh-on-Sea

Essex

SS9 2AB

FIXED ASSETS

Property, plant and equipment

4

421,510

422,118

CURRENT ASSETS

Debtors

5

591

255

Cash at bank

44,786

25,740

45,377

25,995

CREDITORS

Amounts falling due within one year

6

14,769

12,694

NET CURRENT ASSETS

30,608

13,301

TOTAL ASSETS LESS CURRENT LIABILITIES

452,118

435,419

PROVISIONS FOR LIABILITIES

7

-

6,306

NET ASSETS

452,118

429,113

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

452,018

429,013

SHAREHOLDERS' FUNDS

452,118

429,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 June 2023 and were signed on its behalf by:

Mr A G Chater - Director

1.	STATUTORY INFORMATION

DB9 Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 March 2022

and 28 February 2023

420,650

5,013

2,222

427,885

DEPRECIATION

At 1 March 2022

-

3,867

1,900

5,767

Charge for year

-

501

107

608

At 28 February 2023

-

4,368

2,007

6,375

NET BOOK VALUE

At 28 February 2023

420,650

645

215

421,510

At 28 February 2022

420,650

1,146

322

422,118

Cost or valuation at 28 February 2023 is represented by:

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

Valuation in 2019

10,000

-

-

10,000

Valuation in 2017

21,067

-

-

21,067

Cost

389,583

5,013

2,222

396,818

420,650

5,013

2,222

427,885

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Prepayments

591

255

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Deposits held

3,093

3,093

Tax

4,838

3,290

Directors' loan accounts

6,238

5,711

Accrued expenses

600

600

14,769

12,694

7.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

-

6,306

Deferred

tax

£

Balance at 1 March 2022

6,306

Provided during year

(6,306

)

Balance at 28 February 2023

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 March 2022

429,013

Profit for the year

23,005

At 28 February 2023

452,018

10.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party of the Company is Mr. and Mrs. A. G. Chater.