Dayman Properties Limited - Accounts to registrar (filleted) - small 23.2.5
Dayman Properties Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Dayman Properties Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2023 |
| Dayman Properties Limited (Registered number: 02845190) |
| Contents of the Financial Statements |
| for the year ended 31 January 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Dayman Properties Limited |
| Company Information |
| for the year ended 31 January 2023 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| New Derwent House |
| 69-73 Theobalds Road |
| London |
| WC1X 8TA |
| Dayman Properties Limited (Registered number: 02845190) |
| Balance Sheet |
| 31 January 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital | 8 |
| Share premium | 9 |
| Fair value reserve | 9 |
| Retained earnings | 9 |
| Shareholders' funds |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Dayman Properties Limited (Registered number: 02845190) |
| Notes to the Financial Statements |
| for the year ended 31 January 2023 |
| 1. | Statutory information |
| Dayman Properties Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of gross rent receivable. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| Investment properties are included in the balance sheet at their open market value. |
| Although this accounting policy is in accordance with the applicable according standard, SSAP 19, |
| Accounting for Investment Properties, it is departure from the general requirement of the Companies |
| Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Going concern |
| These financial statements have been prepared on a going concern basis and they do not include any adjustments which may be necessary should the going concern basis of accounting no longer be appropriate.. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures |
| and |
| fittings |
| £ |
| Cost |
| At 1 February 2022 |
| Additions |
| At 31 January 2023 |
| Depreciation |
| At 1 February 2022 |
| Charge for year |
| At 31 January 2023 |
| Net book value |
| At 31 January 2023 |
| At 31 January 2022 |
| Dayman Properties Limited (Registered number: 02845190) |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2023 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 February 2022 |
| and 31 January 2023 |
| Net book value |
| At 31 January 2023 |
| At 31 January 2022 |
| Investment property is stated at fair value as determined by the directors. This was on the basis of open market value for current use. The fair value represent the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms-length transaction at the date of valuation, in accordance with FRS102. In determining the fair value of investment property, the directors make use of historical and current market data as well as existing lease agreements. |
| As a result of the level of judgement used in arriving at the market valuations, the amount which may ultimately be realised in respect of any given property may differ from the valuations shown in the statement of financial position. |
| On a historical cost basis these would have been included at an original cost of £183,318 (2022 - £183,318) |
| 6. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Tax |
| Social security and other taxes |
| Directors' current accounts | 78,843 | 90,387 |
| Accrued expenses |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | £1 | 1,768 | 1,768 |
| 9. | Reserves |
| Retained | Share | Fair value |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1 February 2022 | 822,841 |
| Profit for the year |
| At 31 January 2023 | 871,369 |