DB9 Properties Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04990474 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

DB9 PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A G Chater

Mrs D Chater

SECRETARY:

Mr A G Chater

REGISTERED OFFICE:

35 Great Nelmes Chase

Hornchurch

Essex

RM11 2PS

REGISTERED NUMBER:

04990474 (England and Wales)

ACCOUNTANTS:

CKS Accountancy Limited

1349/1353 London Road

Leigh-on-Sea

Essex

SS9 2AB

FIXED ASSETS

Property, plant and equipment

4

323,151

404,365

CURRENT ASSETS

Debtors

5

183

1,840

Cash at bank

244,406

18,510

244,589

20,350

CREDITORS

Amounts falling due within one year

6

30,672

15,077

NET CURRENT ASSETS

213,917

5,273

TOTAL ASSETS LESS CURRENT LIABILITIES

537,068

409,638

CREDITORS

Amounts falling due after more than one year

7

(136,224

)

(144,444

)

PROVISIONS FOR LIABILITIES

(12,417

)

-

NET ASSETS

388,427

265,194

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

388,327

265,094

SHAREHOLDERS' FUNDS

388,427

265,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 May 2018 and were signed on its behalf by:

Mr A G Chater - Director

1.	STATUTORY INFORMATION

DB9 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 March 2017

401,191

4,535

845

406,571

Additions

-

478

-

478

Disposals

(146,542

)

-

-

(146,542

)

Revaluations

65,351

-

-

65,351

At 28 February 2018

320,000

5,013

845

325,858

DEPRECIATION

At 1 March 2017

-

1,361

845

2,206

Charge for year

-

501

-

501

At 28 February 2018

-

1,862

845

2,707

NET BOOK VALUE

At 28 February 2018

320,000

3,151

-

323,151

At 28 February 2017

401,191

3,174

-

404,365

Cost or valuation at 28 February 2018 is represented by:

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

Valuation in 2013

(53,649

)

-

-

(53,649

)

Valuation in 2015

74,649

-

-

74,649

Valuation in 2018

65,351

-

-

65,351

Cost

233,649

5,013

845

239,507

320,000

5,013

845

325,858

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Freehold purchase costs

-

1,388

Prepayments

183

452

183

1,840

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Mortgage

8,667

8,556

Deposits held

3,063

3,863

Tax

14,978

46

Directors' loan accounts

2,524

1,472

Accrued expenses

1,440

1,140

30,672

15,077

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Mortgage due between 2-5 years

34,670

34,224

Mortgage due after 5 years

101,554

110,220

136,224

144,444

Amounts falling due in more than five years:

Repayable by instalments

Mortgage due after 5 years

101,554

110,220

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 March 2017

265,094

Profit for the year

123,233

At 28 February 2018

388,327

10.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party of the Company is Mr. and Mrs. A. G. Chater.