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REGISTERED NUMBER: 11123361 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Duplo Developments Limited

Duplo Developments Limited (Registered number: 11123361)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Duplo Developments Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mr J D Bell
Mrs A M Bell





SECRETARY:





REGISTERED OFFICE: West Drayton Farm
Old London Road
West Drayton
Retford
DN22 8ED





REGISTERED NUMBER: 11123361 (England and Wales)





ACCOUNTANTS: Mill Accountancy Ltd
5 Amelia Court
Retford
Nottinghamshire
DN22 7HJ

Duplo Developments Limited (Registered number: 11123361)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,596,318 1,796,698
Investments 5 300,000 300,000
2,896,318 2,096,698

CURRENT ASSETS
Debtors 6 - 1,027
Cash at bank 23,402 58,117
23,402 59,144
CREDITORS
Amounts falling due within one year 7 784,946 650,084
NET CURRENT LIABILITIES (761,544 ) (590,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,134,774

1,505,758

CREDITORS
Amounts falling due after more than one
year

8

1,446,671

1,576,977
NET ASSETS/(LIABILITIES) 688,103 (71,219 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 688,099 (71,223 )
SHAREHOLDERS' FUNDS 688,103 (71,219 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

Duplo Developments Limited (Registered number: 11123361)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2022 and were signed on its behalf by:





Mrs A M Bell - Director


Duplo Developments Limited (Registered number: 11123361)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Duplo Developments Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

Duplo Developments Limited (Registered number: 11123361)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2021 1,771,617 35,641 1,807,258
Additions 39,771 - 39,771
Revaluations 763,612 - 763,612
At 31 December 2021 2,575,000 35,641 2,610,641
DEPRECIATION
At 1 January 2021 - 10,560 10,560
Charge for year - 3,763 3,763
At 31 December 2021 - 14,323 14,323
NET BOOK VALUE
At 31 December 2021 2,575,000 21,318 2,596,318
At 31 December 2020 1,771,617 25,081 1,796,698

Cost or valuation at 31 December 2021 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2019 315,902 - 315,902
Valuation in 2021 763,612 - 763,612
Cost 1,495,486 35,641 1,531,127
2,575,000 35,641 2,610,641

5. FIXED ASSET INVESTMENTS
Loans to
associates
£   
At 1 January 2021
and 31 December 2021 300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors - 1,027

Duplo Developments Limited (Registered number: 11123361)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 609,498 620,348
Trade creditors 1 -
Other creditors 175,447 29,736
784,946 650,084

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 740,000 740,000
Other creditors 706,671 836,977
1,446,671 1,576,977

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 740,000 740,000

Repayable by instalments
Other loans more 5yrs instal 127,000 127,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   

The Bridging loans of £385,000 repayable by October 2019 and £87,123 repayable by April 2019 are secured on the properties.