DJK Property Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09946201 (England and Wales)

DJK PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J King

REGISTERED OFFICE:

The Fairway

Langham Park Industrial Estate

Lows Lane

Ilkeston

Derbyshire

DE7 4RJ

REGISTERED NUMBER:

09946201 (England and Wales)

ACCOUNTANTS:

Maple Accountancy Group Ltd

83 Friar Gate

Derby

Derbyshire

DE1 1FL

FIXED ASSETS

Tangible assets

4

375,582

388,373

CURRENT ASSETS

Debtors

82,463

57,603

Cash at bank

6,646

62,762

89,109

120,365

CREDITORS

Amounts falling due within one year

152,559

185,390

NET CURRENT LIABILITIES

(63,450

)

(65,025

)

TOTAL ASSETS LESS CURRENT LIABILITIES

312,132

323,348

CREDITORS

Amounts falling due after more than one year

280,575

311,555

NET ASSETS

31,557

11,793

CAPITAL AND RESERVES

Called up share capital

100

-

Retained earnings

31,457

11,793

SHAREHOLDERS' FUNDS

31,557

11,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5 October 2018 and were signed by:

D J King - Director

1.	STATUTORY INFORMATION

DJK Property Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

15% on cost

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 NIL (2017 - 1 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2017

and 31 January 2018

401,164

DEPRECIATION

At 1 February 2017

12,791

Charge for year

12,791

At 31 January 2018

25,582

NET BOOK VALUE

At 31 January 2018

375,582

At 31 January 2017

388,373

5.	GOING CONCERN

As at the 31st January 2018 the accounts are prepared on a going concern basis as the balance sheet is

at a net liability of £68,476. The director and shareholder will continue to financially support the

company during the next 12 month period.