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REGISTERED NUMBER: 00472419 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

DELANEY ESTATES LTD

DELANEY ESTATES LTD (REGISTERED NUMBER: 00472419)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DELANEY ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







Directors: S M Delaney
R J Delaney
J A Delaney





Secretary: R J Delaney





Registered office: 1-2 Craven Rd
Ealing
London
W5 2UA





Registered number: 00472419 (England and Wales)





Accountants: Johnsons, Chartered Accountants
1-2 Craven Road
Ealing
London
W5 2UA

DELANEY ESTATES LTD (REGISTERED NUMBER: 00472419)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 413,700 423,700
Investments 5 180,451 203,198
Investment property 6 10,450,000 10,450,000
11,044,151 11,076,898

Current assets
Debtors 7 37,711 93,573
Cash at bank and in hand 4,355,913 4,730,244
4,393,624 4,823,817
Creditors
Amounts falling due within one year 8 (321,191 ) (289,110 )
Net current assets 4,072,433 4,534,707
Total assets less current liabilities 15,116,584 15,611,605

Provisions for liabilities (2,068,241 ) (1,587,104 )
Net assets 13,048,343 14,024,501

Capital and reserves
Called up share capital 20,000 20,000
Other reserves 9 11,125,792 11,143,784
Retained earnings 1,902,551 2,860,717
13,048,343 14,024,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

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 11th October 2023 and were signed on its behalf by:





R J Delaney - Director


DELANEY ESTATES LTD (REGISTERED NUMBER: 00472419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Delaney Estates Ltd 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.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at valuation.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost or valuation
At 1st July 2022
and 30th June 2023 500,000 13,380 513,380
Depreciation
At 1st July 2022 76,300 13,380 89,680
Charge for year 10,000 - 10,000
At 30th June 2023 86,300 13,380 99,680
Net book value
At 30th June 2023 413,700 - 413,700
At 30th June 2022 423,700 - 423,700

DELANEY ESTATES LTD (REGISTERED NUMBER: 00472419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30th June 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2015 240,000 - 240,000
Cost 260,000 13,380 273,380
500,000 13,380 513,380

5. FIXED ASSET INVESTMENTS
Investments
£   
Cost or valuation
At 1st July 2022 203,198
Additions 4,998
Disposals (2,805 )
Share of profit/(loss) (951 )
Revaluations (23,989 )
At 30th June 2023 180,451
Net book value
At 30th June 2023 180,451
At 30th June 2022 203,198

Cost or valuation at 30th June 2023 is represented by:

Investments
£   
Valuation in 2023 180,451

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st July 2022
and 30th June 2023 10,450,000
Net book value
At 30th June 2023 10,450,000
At 30th June 2022 10,450,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,711 93,573

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 132,539 121,435
Trade creditors 39,090 38,942
Taxation and social security 130,808 128,029
Other creditors 18,754 704
321,191 289,110

DELANEY ESTATES LTD (REGISTERED NUMBER: 00472419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

9. RESERVES
Other
reserves
£   
At 1st July 2022 11,143,784
Unrealised gains & losses (17,992 )

At 30th June 2023 11,125,792