DARTFORD PROPERTY INVESTMENT - Accounts 2014

DARTFORD PROPERTY INVESTMENT - Accounts 2014

DARTFORD PROPERTY INVESTMENTS LIMITED - Company Information

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2013-04-012014-03-3108114782falsetruehttp://www.companieshouse.gov.uk/cd:Director12013-04-012014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-04-012014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22013-04-012014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32013-04-012014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22013-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32013-03-31http://www.companieshouse.gov.uk/2012-04-012013-03-31http://www.companieshouse.gov.uk/2013-04-012014-03-31http://www.companieshouse.gov.uk/2013-03-31http://www.companieshouse.gov.uk/2014-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2013-03-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-04-012014-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2014-03-31http://www.companieshouse.gov.uk/2013-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08114782
Dartford Property Investments Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
Prepared By:
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU

Dartford Property Investments Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 March 2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 08114782

Dartford Property Investments Limited
Registered Number: 08114782
BALANCE SHEET AT 31 MARCH 2014
20142013
Notes££
FIXED ASSETS
Tangible assets21,158,0001,158,000
CURRENT ASSETS
Debtors (amounts falling due within one year)320,10027,874
Cash at bank and in hand44,95116,423
65,05144,297
CREDITORS: Amounts falling due within one year22,55412,948
NET CURRENT ASSETS42,49731,349
TOTAL ASSETS LESS CURRENT LIABILITIES1,200,4971,189,349
CAPITAL AND RESERVES
Called up share capital41,1641,164
Share premium account1,181,1581,181,158
Profit and loss account18,1757,027
SHAREHOLDERS' FUNDS1,200,4971,189,349
For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 19 December 2014 and signed on their behalf by
Rev C L Gillham
Director

Dartford Property Investments Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Tangible Assets
Fixed assets are shown at historical cost.
Depreciation is provided, after taking account of any grants receivable, at 2% per annum in order to write off each asset over its estimated useful life.
No depreciation is provided on freehold property as the amount that is depreciated is the difference between cost and residual value. In the opinion of the directors, the residual value of the property is at least cost, and there is therefore no depreciation to provide.
1c. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1e. Employee Ownership Trust
In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment arrangements" the Company does not include the assets and liabilities of the Trust on its balance sheet to the extent that it considers that it will not retain any economic benefit from the assets of the Trust and will not have control of the rights and or other access to those present economic benefits.

Dartford Property Investments Limited
2. TANGIBLE FIXED ASSETS
Land And
BuildingsTotal
££
Cost
At 1 April 20131,158,0001,158,000
At 31 March 20141,158,0001,158,000
Depreciation
At 31 March 2014--
Net Book Amounts
At 31 March 20141,158,0001,158,000
At 31 March 20131,158,0001,158,000
3. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors6,6342,656
Other debtors13,46625,218
20,10027,874
4. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
478 A Ordinary of £1 each478478
570 B Ordinary of £1 each570570
116 C Ordinary of £1 each116116
1,1641,164

Dartford Property Investments Limited
5. EMPLOYEE OWNERSHIP TRUST
During 2013 the Company established an employee ownership trust, The Dartford Property Investments Ltd Employee Ownership Trust.
Christopher Leon Gillham gifted 24 A Ordinary and 58 C Ordinary shares in the company to the Trust. The late Mrs Audrey Youens Gillham gifted 454 A Ordinary and 58 C Ordinary shares in the Company to the Trust.
Under the terms of the trust deed the shareholders of the Company are excluded beneficiaries of the Trust such that the Trustees may not apply the Trust property for their benefit.
6. TRANSACTIONS WITH DIRECTORS
The director has lent money to the company. As at 31 March 2014 the company owed him £4,678 (2013 - Rev C Gillham £13,624; Mrs A Gillham £302).
7. CONTROLLING PARTY
The company is controlled by the Trustees of the Dartford Property Investments Ltd Employee Ownership Trust by virtue of their 51.03% shareholding