DalCal Property Limited 31/12/2021 iXBRL

DalCal Property Limited 31/12/2021 iXBRL

DALCAL PROPERTY LIMITED - Company Information

Print Friendly Version

0 31/12/2021 2021-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2021-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11995662 2021-01-01 2021-12-31 11995662 2021-12-31 11995662 2020-12-31 11995662 bus:RegisteredOffice 2021-01-01 2021-12-31 11995662 bus:LeadAgentIfApplicable 2021-01-01 2021-12-31 11995662 bus:Director1 2021-01-01 2021-12-31 11995662 bus:Director2 2021-01-01 2021-12-31 11995662 bus:Director3 2021-01-01 2021-12-31 11995662 bus:Director4 2021-01-01 2021-12-31 11995662 core:WithinOneYear 2021-12-31 11995662 core:WithinOneYear 2020-12-31 11995662 core:ShareCapital 2021-12-31 11995662 core:ShareCapital 2020-12-31 11995662 core:RetainedEarningsAccumulatedLosses 2021-12-31 11995662 core:RetainedEarningsAccumulatedLosses 2020-12-31 11995662 bus:SmallEntities 2021-01-01 2021-12-31 11995662 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 11995662 bus:FullAccounts 2021-01-01 2021-12-31 11995662 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 11995662 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31
Company registration number: 11995662
DalCal Property Limited
Unaudited filleted financial statements
31 December 2021
DalCal Property Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
DalCal Property Limited
Directors and other information
Directors Mr D Smith
Mr S Smith
Miss E Smith
Mr C Robinson
Company number 11995662
Registered office Exchange Building
Church Street
Hartlepool
TS24 7DN
Accountants Censis
Exchange Building
66 Church Street
Hartlepool
TS24 7DN
DalCal Property Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of DalCal Property Limited
Year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DalCal Property Limited for the year ended 31 December 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of DalCal Property Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of DalCal Property Limited and state those matters that we have agreed to state to the board of directors of DalCal Property Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DalCal Property Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that DalCal Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DalCal Property Limited. You consider that DalCal Property Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of DalCal Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Censis
Chartered Accountants
Exchange Building
66 Church Street
Hartlepool
TS24 7DN
9 February 2022
DalCal Property Limited
Statement of financial position
31 December 2021
2021 2020
Note £ £ £ £
Current assets
Debtors 4 1,416 11,432
Cash at bank and in hand 12,580 9,230
_______ _______
13,996 20,662
Creditors: amounts falling due
within one year 5 ( 12,003) ( 11,619)
_______ _______
Net current assets 1,993 9,043
_______ _______
Total assets less current liabilities 1,993 9,043
_______ _______
Net assets 1,993 9,043
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,893 8,943
_______ _______
Shareholders funds 1,993 9,043
_______ _______
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 February 2022 , and are signed on behalf of the board by:
Mr D Smith
Director
Company registration number: 11995662
DalCal Property Limited
Notes to the financial statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Censis, Exchange Building, Church Street, Hartlepool, TS24 7DN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements have been prepared in compliance with FRS 105 Micro Entities , 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4. Debtors
2021 2020
£ £
Other debtors 1,416 11,432
_______ _______
5. Creditors: amounts falling due within one year
2021 2020
£ £
Corporation tax 5,853 2,098
Other creditors 6,150 9,521
_______ _______
12,003 11,619
_______ _______