Silverfin false 31/03/2022 31/03/2022 01/04/2021 Ruth Demenis 23/02/2020 01 September 2022 The principal activity of the Company during the financial year was property management. 07165471 2022-03-31 07165471 bus:Director1 2022-03-31 07165471 core:CurrentFinancialInstruments 2022-03-31 07165471 core:CurrentFinancialInstruments 2021-03-31 07165471 2021-03-31 07165471 core:ShareCapital 2022-03-31 07165471 core:ShareCapital 2021-03-31 07165471 core:RetainedEarningsAccumulatedLosses 2022-03-31 07165471 core:RetainedEarningsAccumulatedLosses 2021-03-31 07165471 bus:OrdinaryShareClass1 2022-03-31 07165471 2021-04-01 2022-03-31 07165471 bus:FullAccounts 2021-04-01 2022-03-31 07165471 bus:SmallEntities 2021-04-01 2022-03-31 07165471 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 07165471 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 07165471 bus:Director1 2021-04-01 2022-03-31 07165471 2020-04-01 2021-03-31 07165471 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 07165471 bus:OrdinaryShareClass1 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07165471 (England and Wales)

DEMCHEY LTD

Unaudited Financial Statements
For the financial year ended 31 March 2022
Pages for filing with the registrar

DEMCHEY LTD

Unaudited Financial Statements

For the financial year ended 31 March 2022

Contents

DEMCHEY LTD

COMPANY INFORMATION

For the financial year ended 31 March 2022
DEMCHEY LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2022
DIRECTOR Ruth Demenis
SECRETARY Ruth Demenis
REGISTERED OFFICE The Holt
Lower Aisholt
Bridgwater
Somerset
TA5 1AS
United Kingdom
COMPANY NUMBER 07165471 (England and Wales)
CHARTERED ACCOUNTANTS Bishop Fleming LLP
Stratus House
Emperor Way
Exeter Business Park
Exeter
EX1 3QS
DEMCHEY LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2022
DEMCHEY LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2022
Note 2022 2021
£ £
Current assets
Debtors 3 258,863 258,862
Cash at bank and in hand 42,418 45,132
301,281 303,994
Creditors
Amounts falling due within one year 4 ( 1,887) ( 1,897)
Net current assets 299,394 302,097
Total assets less current liabilities 299,394 302,097
Net assets 299,394 302,097
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 299,393 302,096
Total shareholder's funds 299,394 302,097

For the financial year ending 31 March 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Demchey Ltd (registered number: 07165471) were approved and authorised for issue by the Director on 01 September 2022. They were signed on its behalf by:

Ruth Demenis
Director
DEMCHEY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022
DEMCHEY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Demchey Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The registered number of the Company is 07165471. The address of the Company's registered office is The Holt, Lower Aisholt, Bridgwater, Somerset, TA5 1AS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Demchey Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2022 2021
£ £
Other debtors 258,863 258,862

4. Creditors: amounts falling due within one year

2022 2021
£ £
Amounts owed to director 312 396
Accruals 1,575 1,501
1,887 1,897

5. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

6. Related party transactions

During the year the director maintained a current account with the company. At the year end, the company owed the director £312 (2021: £396). No interest was charged on this loan and there are no set repayment terms.