REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 19 FEBRUARY 2020 TO 31 MARCH 2021 |
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FOR |
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DANAAN INVESTMENTS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 19 FEBRUARY 2020 TO 31 MARCH 2021 |
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FOR |
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DANAAN INVESTMENTS LIMITED |
DANAAN INVESTMENTS LIMITED (REGISTERED NUMBER: 12471959) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 FEBRUARY 2020 TO 31 MARCH 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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DANAAN INVESTMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 19 FEBRUARY 2020 TO 31 MARCH 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Atlas Chambers |
33 West Street |
Brighton |
East Sussex |
BN1 2RE |
DANAAN INVESTMENTS LIMITED (REGISTERED NUMBER: 12471959) |
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BALANCE SHEET |
31 MARCH 2021 |
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Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve |
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Retained earnings | ( |
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The directors acknowledge their 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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DANAAN INVESTMENTS LIMITED (REGISTERED NUMBER: 12471959) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 19 FEBRUARY 2020 TO 31 MARCH 2021 |
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1. | STATUTORY INFORMATION |
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Danaan Investments Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rents receivable and is measured at the fair value of the consideration received or receivable. |
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Investment property |
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement and then transferred to a revaluation reserve. |
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Financial instruments |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
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Taxation |
Taxation for the period comprises current 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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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3. | EMPLOYEES |
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The average number of employees during the period was NIL. |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
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Revaluations | 15,400 |
At 31 March 2021 |
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NET BOOK VALUE |
At 31 March 2021 |
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Fair value at 31 March 2021 is represented by: |
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Valuation in 2021 | 15,400 |
Cost | 659,600 |
675,000 |
DANAAN INVESTMENTS LIMITED (REGISTERED NUMBER: 12471959) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 19 FEBRUARY 2020 TO 31 MARCH 2021 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Directors' current accounts | 309,878 |
Accruals and deferred income |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
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Bank loans more 5 yrs non-inst | 358,872 |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
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