Danview Properties Limited - Accounts to registrar (filleted) - small 23.2.5

Danview Properties Limited - Accounts to registrar (filleted) - small 23.2.5

DANVIEW PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 03024144 (England and Wales)



















DANVIEW PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






DANVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 03024144)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


DANVIEW PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr A M Surkis
Mrs R Gniwosch





SECRETARIES: Ms A Fried
Mrs R Gniwosch





REGISTERED OFFICE: 130 High Road
London
N15 6JN





REGISTERED NUMBER: 03024144 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS
Page 1
DANVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 03024144)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 45,912 21,829

CURRENT ASSETS
Debtors 6 1,383,372 1,375,972
Cash at bank - 29
1,383,372 1,376,001
CREDITORS
Amounts falling due within one year 7 588,641 594,315
NET CURRENT ASSETS 794,731 781,686
TOTAL ASSETS LESS CURRENT
LIABILITIES
840,643
803,515

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 8 45,712 21,629
Retained earnings 794,927 781,882
840,643 803,515

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mr A M Surkis - Director


The notes on pages 3 to 4 form part of these financial statements

Page 2
DANVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 03024144)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Danview 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss.

Preparation of consolidated financial statements
The financial statements contain information about Danview Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided in the normal course of business. The turnover of the company is represented by rents and charges receivable in respect of the company's investment portfolio. Rental income is accounted for on an accruals basis.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at valuation.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Page 3
DANVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 03024144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 March 2022 21,829
Revaluations 24,083
At 28 February 2023 45,912
NET BOOK VALUE
At 28 February 2023 45,912
At 28 February 2022 21,829


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 865,299 865,899
Other debtors 518,073 510,073
1,383,372 1,375,972

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 588,641 594,315

8. RESERVES
Fair
value
reserve
£   
At 1 March 2022 21,629
Gains/(Losses) on fair value adjustment 24,083

At 28 February 2023 45,712

9. RELATED PARTY DISCLOSURES

Other debtors include amounts aggregating £158,020 (2022: £150,020) due from related companies under common control.

Other creditors include amounts aggregating £98,732 (2022: £108,732) due to related companies under common control.

Page 4