DC7 Limited Accounts






DC7 Limited
	Company No. 10303835
		Information for Filing with The Registrar
		31 July 2017

The Director presents his report and the accounts for the period ended 31 July 2017.

Principal activities
The principal activity of the company during the period under review was Property Investment.




Director

The Director who served at any time during the period was as follows:

D. Carter



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D. Carter
Director
19 April 2018

at	31 July 2017

Company No.		10303835	Notes	2017
				£
Fixed assets

	Tangible assets		2	2,418
	Investment property		3	215,449

				217,867
Current assets

	Debtors		4	150

	Cash at bank and in hand			1,483
				1,633
Creditors: Amount falling due within one year			5	(2,616)
Net current liabilities				(983)
Total assets less current liabilities				216,884
Creditors: Amounts falling due after more than one year			6	(218,791)



Net liabilities				(1,907)

Capital and reserves




	Profit and loss account		7	(1,907)

Total equity				(1,907)


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 July 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 19 April 2018

And signed on its behalf by:

D. Carter
Director

for the period ended 31 July 2017

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

No depreciation is provided in respect of investment properties. There has been no independent valuation by a professional who holds a recognised qualification. The purchase date of the property was 17 March 2017 and the accounts are made up to 31 July 2017. The valuation is kept at the purchase price. For future years investment properties will valued annually and any surplus or deficit will be dealt with through the profit and loss account.

2	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation

		Additions	2,418	2,418



		At 31 July 2017	2,418	2,418







		Net book values
		At 31 July 2017	2,418	2,418

3	Investment property
			Freehold Investment Property
			£
		Valuation

		Additions	215,449


		At 31 July 2017	215,449

4	Debtors
			2017
			£
		Trade debtors	150







			150

5	Creditors:
		amounts falling due within one year
			2017
			£




		Trade creditors	2,418




		Other creditors	198

			2,616

6	Creditors:
		amounts falling due after more than one year
			2017
			£






		Other creditors	218,791

			218,791

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Directors Loans
		Included within other creditors is a loan received from the director. The loan is unsecured and non interest bearing.

		Director	Description	At 29 July 2016	Advanced	Repaid	At 31 July 2017
				£	£	£	£
		D. Carter	Loan provided to the company from Mr David Carter	-	218,791	-	218,791







































				-	218,791	-	218,791

Related party disclosures

Controlling party

Immediate controlling party

The company is controlled by Mr David Carter by virtue of his directorship and ownership of 100% of the share capital of the company

Additional information

Its registered number is:

10303835

Its registered office is:

15 Bell Street

Reigate

Surrey

RH2 7AD