DAYMAN_PROPERTIES_LTD - Accounts

DAYMAN PROPERTIES LIMITED - Company Information

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Company Registration No. 02845190 (England and Wales)

DAYMAN PROPERTIES LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

DAYMAN PROPERTIES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DAYMAN PROPERTIES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

184,721

184,968

Current assets

Stocks

2,303

Debtors

5,739

6,138

Cash at bank and in hand

320,850

300,891

328,892

309,332

Creditors: amounts falling due within one year

(77,042)

(75,081)

Net current assets

251,850

234,251

Total assets less current liabilities

436,571

419,219

Capital and reserves

Called up share capital

1,768

Share premium account

251,734

Profit and loss account

183,069

165,717

Shareholders' funds

436,571

419,219

For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 February 2016

D Frydman

Director

Company Registration No. 02845190

DAYMAN PROPERTIES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the sale of properties and gross rents receivable from dealing and investment properties.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Nil

Fixtures, fittings & equipment

15% Reducing balance

No depreciation is provided on freehold buildings as it is the company's policy to maintain these so as to extend their useful lives.

Fixed assets

Tangible assets

Cost

At 1 February 2014 & at 31 January 2015

187,473

Depreciation

At 1 February 2014

2,505

Charge for the year

247

At 31 January 2015

2,752

Net book value

At 31 January 2015

184,721

At 31 January 2014

184,968

DAYMAN PROPERTIES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

1,768 Ordinary shares of £1 each

1,768