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REGISTERED NUMBER: SC124698 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Deedbase Limited

Deedbase Limited (Registered number: SC124698)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deedbase Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: T C Barbour



SECRETARY: T C Barbour



REGISTERED OFFICE: Buccleuch Buildings
24/36 Buccleuch Street
Dumfries
DG1 2AL



REGISTERED NUMBER: SC124698 (Scotland)



ACCOUNTANTS: CMCA Accounting
25A Buccleuch Street
Dumfries
Dumfries & Galloway
DG1 2AT



BANKERS: The Royal Bank of Scotland
151 High Street
Dumfries
DG1 2RA

Deedbase Limited (Registered number: SC124698)

Balance Sheet
31 January 2023

31.1.22 31.1.23
£    £    Notes £    £   
FIXED ASSETS
1,845 Tangible assets 4 1,570
563,294 Investments 5 523,607
2,530,000 Investment property 6 1,860,000
3,095,139 2,385,177

CURRENT ASSETS
17,297 Debtors 7 267,360
852,133 Cash at bank 705,835
869,430 973,195
CREDITORS
43,208 Amounts falling due within one year 8 44,392
826,222 NET CURRENT ASSETS 928,803
3,921,361 TOTAL ASSETS LESS CURRENT
LIABILITIES

3,313,980

476 PROVISIONS FOR LIABILITIES 298
3,920,885 NET ASSETS 3,313,682

CAPITAL AND RESERVES
100 Called up share capital 100
675,966 Revaluation reserve 5,966
3,244,819 Retained earnings 3,307,616
3,920,885 3,313,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Deedbase Limited (Registered number: SC124698)

Balance Sheet - continued
31 January 2023


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 director and authorised for issue on 27 September 2023 and were signed by:





T C Barbour - Director


Deedbase Limited (Registered number: SC124698)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Deedbase Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

Deedbase Limited (Registered number: SC124698)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 55,835
DEPRECIATION
At 1 February 2022 53,990
Charge for year 275
At 31 January 2023 54,265
NET BOOK VALUE
At 31 January 2023 1,570
At 31 January 2022 1,845

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 February 2022 563,294
Additions 32,204
Disposals (32,682 )
Revaluations (39,209 )
At 31 January 2023 523,607
NET BOOK VALUE
At 31 January 2023 523,607
At 31 January 2022 563,294

Cost or valuation at 31 January 2023 is represented by:

Other
investments
£   
Valuation in 2021 47,072
Valuation in 2022 (6,005 )
Valuation in 2023 (37,657 )
Cost 520,197
523,607

Deedbase Limited (Registered number: SC124698)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 2,530,000
Revaluations (670,000 )
At 31 January 2023 1,860,000
NET BOOK VALUE
At 31 January 2023 1,860,000
At 31 January 2022 2,530,000

The company owned two properties for investment purposes.

A property on Buccleuch Street, Dumfries, at cost including redevelopment of £1,792,468 was added in late 2001 and developed over the next three years. This property was valued at £2,000,000 in 2016 and £1,500,000 in 2021.

The company purchased a further property in Park Lane, Dumfries, during 2009. Redevelopment of this property was completed during the year under review at a total cost of £595,404. This property has been valued at £530,000 in 2016 and £360,000 in 2021.

Investment property was valued on an open market basis by J & E Shepherd

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2016 142,128
Valuation in 2021 (670,000 )
Cost 2,387,872
1,860,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 15,000 15,000
Other debtors 252,360 2,297
267,360 17,297

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Taxation and social security 30,679 29,695
Other creditors 13,713 13,513
44,392 43,208