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REGISTERED NUMBER: 01355121 (England and Wales)





















DEAROOT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






DEAROOT LIMITED (REGISTERED NUMBER: 01355121)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


DEAROOT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: S E Major
Mrs C S Seaton
E C G Parker
M T Parker
S E Major Jnr





REGISTERED OFFICE: 12 Medinah Close
Collingtree Park
Northampton
NN4 0YS





REGISTERED NUMBER: 01355121 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

DEAROOT LIMITED (REGISTERED NUMBER: 01355121)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 800 942
Investment property 5 1,241,407 1,460,017
1,242,207 1,460,959

CURRENT ASSETS
Cash at bank 236,519 18,918

CREDITORS
Amounts falling due within one year 6 112,565 85,965
NET CURRENT ASSETS/(LIABILITIES) 123,954 (67,047 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,366,161 1,393,912

CREDITORS
Amounts falling due after more than one
year

7

14,312

140,090
NET ASSETS 1,351,849 1,253,822

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,351,749 1,253,722
SHAREHOLDERS' FUNDS 1,351,849 1,253,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

DEAROOT LIMITED (REGISTERED NUMBER: 01355121)

BALANCE SHEET - continued
28 FEBRUARY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2023 and were signed on its behalf by:





Mrs C S Seaton - Director


DEAROOT LIMITED (REGISTERED NUMBER: 01355121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Dearoot 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Office equipment - 15% on reducing balance

No depreciation is provided on the freehold land as this is not required under FRS102, the freehold buildings are not being depreciated as their estimated useful life exceeds 50 years and it is felt that the depreciation is immaterial and would not influence the decisions of a user of the accounts.

In accordance with FRS102 an annual impairment review is conducted on the freehold buildings to ensure the carrying values are less than or equal to the recoverable amounts.

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.

Debtors and creditors
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.

Government grants
Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

DEAROOT LIMITED (REGISTERED NUMBER: 01355121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 March 2022
and 28 February 2023 5,994
DEPRECIATION
At 1 March 2022 5,052
Charge for year 142
At 28 February 2023 5,194
NET BOOK VALUE
At 28 February 2023 800
At 28 February 2022 942

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 March 2022 1,460,017
Disposals (218,610 )
At 28 February 2023 1,241,407
NET BOOK VALUE
At 28 February 2023 1,241,407
At 28 February 2022 1,460,017

Investment properties were acquired in the years between 1985 and 2019 and are recognised at cost. They have not been revalued as the directors consider that the fair value of the properties at 28 February 2023 are not materially different to their cost.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Corporation Tax 77,847 11,153
Social security and other taxes - 120
Other creditors 3,607 4,432
Directors' current accounts 25,111 64,260
112,565 85,965

DEAROOT LIMITED (REGISTERED NUMBER: 01355121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 14,312 20,090
Other loans - 120,000
14,312 140,090

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100