DFA Partnership Limited - Accounts to registrar (filleted) - small 23.2.5

DFA Partnership Limited - Accounts to registrar (filleted) - small 23.2.5

DFA PARTNERSHIP LIMITED - Company Information

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REGISTERED NUMBER: 08763308 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

DFA PARTNERSHIP LIMITED
DFA PARTNERSHIP LIMITED (REGISTERED NUMBER: 08763308)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


DFA PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: MJ Cast
MS Howell





REGISTERED OFFICE: Sannerville Chase
Exminster
Exeter
Devon
EX6 8AT





REGISTERED NUMBER: 08763308 (England and Wales)





Page 1
DFA PARTNERSHIP LIMITED (REGISTERED NUMBER: 08763308)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,124 1,250
Investment property 5 1,122,192 1,122,192
1,123,316 1,123,442

CURRENT ASSETS
Stocks 152,309 152,309
Debtors 6 5,614 1,657
Cash at bank 16,316 34,830
174,239 188,796
CREDITORS
Amounts falling due within one year 7 971,480 972,601
NET CURRENT LIABILITIES (797,241 ) (783,805 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
326,075
339,637

CREDITORS
Amounts falling due after more than one
year
8
(5,719
)
(8,899
)

PROVISIONS FOR LIABILITIES (214 ) (238 )
NET ASSETS 320,142 330,500

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 319,942 330,300
SHAREHOLDERS' FUNDS 320,142 330,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 notes form part of these financial statements

Page 2 continued...
DFA PARTNERSHIP LIMITED (REGISTERED NUMBER: 08763308)

BALANCE SHEET - continued
31 AUGUST 2023


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 February 2024 and were signed on its behalf by:





MS Howell - Director


The notes form part of these financial statements

Page 3
DFA PARTNERSHIP LIMITED (REGISTERED NUMBER: 08763308)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

DFA Partnership 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The accounts have been prepared on a going concern basis. The directors are of the opinion that sufficient finance will be available to enable the company to continue trading for at least one year after the date of the approval of these accounts.

Page 4 continued...
DFA PARTNERSHIP LIMITED (REGISTERED NUMBER: 08763308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 September 2022 67 4,297 4,364
Additions - 750 750
At 31 August 2023 67 5,047 5,114
DEPRECIATION
At 1 September 2022 67 3,047 3,114
Charge for year - 876 876
At 31 August 2023 67 3,923 3,990
NET BOOK VALUE
At 31 August 2023 - 1,124 1,124
At 31 August 2022 - 1,250 1,250

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 1,122,192
NET BOOK VALUE
At 31 August 2023 1,122,192
At 31 August 2022 1,122,192

The investment properties have been valued by the directors on an open market basis at 31 August 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 5,614 1,657

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 3,011 2,936
Taxation and social security - 4,332
Other creditors 968,469 965,333
971,480 972,601

Page 5 continued...
DFA PARTNERSHIP LIMITED (REGISTERED NUMBER: 08763308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 5,719 8,729
Other creditors - 170
5,719 8,899

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

10. RELATED PARTY DISCLOSURES

Included in other creditors are loans from the directors totalling £950,509 (2022 - £946,295). These loans are unsecured, repayable on demand and subject to interest at a market rate.

Page 6