D.M. Fashions Limited - Accounts to registrar (filleted) - small 18.1

D.M. Fashions Limited - Accounts to registrar (filleted) - small 18.1

D.M. FASHIONS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.1.0.975 01163805 Board of Directors Board of Directors 1.10.16 30.9.17 30.9.17 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure011638052016-09-30011638052017-09-30011638052016-10-012017-09-30011638052015-09-30011638052015-10-012016-09-30011638052016-09-3001163805ns15:EnglandWales2016-10-012017-09-3001163805ns14:PoundSterling2016-10-012017-09-3001163805ns10:Director12016-10-012017-09-3001163805ns10:Director22016-10-012017-09-3001163805ns10:PrivateLimitedCompanyLtd2016-10-012017-09-3001163805ns10:SmallEntities2016-10-012017-09-3001163805ns10:AuditExempt-NoAccountantsReport2016-10-012017-09-3001163805ns10:SmallCompaniesRegimeForDirectorsReport2016-10-012017-09-3001163805ns10:SmallCompaniesRegimeForAccounts2016-10-012017-09-3001163805ns10:FullAccounts2016-10-012017-09-3001163805ns10:CompanySecretary12016-10-012017-09-3001163805ns10:RegisteredOffice2016-10-012017-09-3001163805ns5:CurrentFinancialInstruments2017-09-3001163805ns5:CurrentFinancialInstruments2016-09-3001163805ns5:Non-currentFinancialInstruments2017-09-3001163805ns5:Non-currentFinancialInstruments2016-09-3001163805ns5:ShareCapital2017-09-3001163805ns5:ShareCapital2016-09-3001163805ns5:RetainedEarningsAccumulatedLosses2017-09-3001163805ns5:RetainedEarningsAccumulatedLosses2016-09-3001163805ns5:PlantMachinery2016-10-012017-09-3001163805ns5:PlantMachinery2016-09-3001163805ns5:PlantMachinery2017-09-3001163805ns5:PlantMachinery2016-09-3001163805ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-09-3001163805ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-09-3001163805ns5:Secured2017-09-3001163805ns5:Secured2016-09-30


REGISTERED NUMBER: 01163805 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2017

for

D.M. Fashions Limited
D.M. Fashions Limited (Registered number: 01163805)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.M. Fashions Limited

Company Information
for the Year Ended 30 September 2017







DIRECTORS: S Y Mohmed
M U Vali





SECRETARY: Mr. S Y Mohmed





REGISTERED OFFICE: 95 Claremont Road
London
E7 0QA





REGISTERED NUMBER: 01163805 (England and Wales)





ACCOUNTANTS: Blandfords & Co Ltd
284 Station Road
Harrow
Middlesex
HA1 2EA
Page 1
D.M. Fashions Limited (Registered number: 01163805)

Balance Sheet
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,302 1,832
Investment property 5 7,482,401 3,493,952
7,483,703 3,495,784

CURRENT ASSETS
Debtors 6 51,056 27,235
Cash at bank and in hand 413,529 187,962
464,585 215,197
CREDITORS
Amounts falling due within one year 7 429,673 189,254
NET CURRENT ASSETS 34,912 25,943
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,518,615
3,521,727

CREDITORS
Amounts falling due after more than one
year
8
(300,381
)
(331,308
)

PROVISIONS FOR LIABILITIES (1,210,352 ) (452,547 )
NET ASSETS 6,007,882 2,737,872

CAPITAL AND RESERVES
Called up share capital 13,000 13,000
Retained earnings 5,994,882 2,724,872
SHAREHOLDERS' FUNDS 6,007,882 2,737,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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...
D.M. Fashions Limited (Registered number: 01163805)

Balance Sheet - continued
30 September 2017


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 14 June 2018 and were signed on its behalf by:




S Y Mohmed - Director



M U Vali - Director


The notes form part of these financial statements

Page 3
D.M. Fashions Limited (Registered number: 01163805)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

D.M. Fashions 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
Turnover represents amounts receivable for rent and services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

Page 4 continued...
D.M. Fashions Limited (Registered number: 01163805)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2016
and 30 September 2017 70,635
DEPRECIATION
At 1 October 2016 68,803
Charge for year 530
At 30 September 2017 69,333
NET BOOK VALUE
At 30 September 2017 1,302
At 30 September 2016 1,832

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2016 3,493,952
Revaluations 3,988,449
At 30 September 2017 7,482,401
NET BOOK VALUE
At 30 September 2017 7,482,401
At 30 September 2016 3,493,952

The valuations of investment properties were made as at 30 September 2017 by the directors on an open
market basis. No depreciation is provided in respect of these properties.

On an historical cost basis these would have been included at an original cost of £1,112,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade debtors 50,772 26,068
Other debtors 284 1,167
51,056 27,235

Page 5 continued...
D.M. Fashions Limited (Registered number: 01163805)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Bank loans and overdrafts 30,191 29,568
Taxation and social security 53,915 50,680
Other creditors 345,567 109,006
429,673 189,254

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.17 30.9.16
£    £   
Bank loans 300,381 331,308

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 300,381 331,308

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.17 30.9.16
£    £   
Bank loans 330,572 360,876

The bank loans are secured by a fixed and floating charge over the assets of the company.

Page 6