DPK_PROPERTY_HOLDINGS_LIM - Accounts
DPK_PROPERTY_HOLDINGS_LIM - Accounts
Company Registration No. 07162498 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(106,752 )
(114,491 )
Net current liabilities
(92,496 )
(100,565 )
Total assets less current liabilities
(52,903 )
(36,621 )
Creditors: amounts falling due after more than one year
(10,318,891 )
(8,213,739 )
(10,371,794)
(8,250,360)
Capital and reserves
Called up share capital
3
Profit and loss account
(10,371,795 )
(8,250,361 )
Shareholders' funds
(10,371,794 )
(8,250,360 )
Director's responsibilities:
-
-
Approved by the Board for issue on 24 November 2016
Director
Company Registration No. 07162498
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The net position shown on the company's balance sheet at 28th February 2016 indicates that it is technically insolvent. This position results from the company's share of recognised losses in a Limited Liability Partnership it is a member of. Whilst these losses are carried, the company should not be required to contribute further to the Limited Liability partnership and as such in the opinion of the director the company has financial resources to enable it to continue in operational existence and accordingly continue to adopt the going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value. Investments held as current assets are stated at the lower of cost and net realisable value.
1.4
Basis of consolidation
The company and it's subsidiaries comprise a small group. The company has therefore taken advantage of the exemption provided in section 383 of the Companies Act 2006 not to prepare group financial statements and accordingly these financial statements present information about the company as a single undertaking.
1.5
Recognition of loan note interest
Loan note interest is recognised in the accounting period it is received.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 3 -
2
Fixed assets
Investments
£
Cost
At 1 March 2015
63,944
Disposals
(3,900)
At 28 February 2016
60,044
Depreciation
At 1 March 2015
-
Charge for the year
20,451
At 28 February 2016
20,451
Net book value
At 28 February 2016
39,593
At 28 February 2015
63,944
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Participating interests
N/A
Ordinary
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
31,562,807
2,142,461
-
-
The financial information for La Grand Tour S.a.r.l was unavailable.
Indirect participating interests
DPK Property Holdings Ltd has a 68% capital holding in AAIM Turbo LLP. AAIM Turbo LLP had a 29.4% beneficial holding in PPH0 Ltd although this company was liquidated in January 2016.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid