Diggory O'Kane Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12759799 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2023

for

Diggory O'Kane Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

634,936

593,398

CURRENT ASSETS

Debtors

5

179

164

Cash at bank

17,155

5,273

17,334

5,437

CREDITORS

Amounts falling due within one year

6

192,396

189,425

NET CURRENT LIABILITIES

(175,062

)

(183,988

)

TOTAL ASSETS LESS CURRENT LIABILITIES

459,874

409,410

CREDITORS

Amounts falling due after more than one year

7

(409,953

)

(409,953

)

PROVISIONS FOR LIABILITIES

(7,892

)

-

NET ASSETS/(LIABILITIES)

42,029

(543

)

RESERVES

Fair value reserve

8

33,646

-

Retained earnings

8,383

(543

)

42,029

(543

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:

K H O'Kane - Director

1.	STATUTORY INFORMATION

Diggory O'Kane Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12759799

Registered office:

39 High Street

Eaton Bray

United Kingdom

LU6 2DN

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.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2022

593,398

Revaluations

41,538

At 31 July 2023

634,936

NET BOOK VALUE

At 31 July 2023

634,936

At 31 July 2022

593,398

Fair value at 31 July 2023 is represented by:

£

Valuation in 2023

634,936

If the investment properties had not been revalued they would have been included at the following historical cost:

31.7.23

31.7.22

£

£

Cost

593,398

-

The investment properties were valued on an open market basis on 1 March 2024 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Other debtors

179

164

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans and overdrafts

15,277

15,277

Trade creditors

-

(1

)

Taxation and social security

2,094

-

Other creditors

175,025

174,149

192,396

189,425

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans

409,953

409,953

8.

RESERVES

Fair

value

reserve

£

Transfer to fair value reserve

33,646

At 31 July 2023

33,646