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REGISTERED NUMBER: 01071289 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DE MONTFORT INTERNATIONAL LIMITED

DE MONTFORT INTERNATIONAL LIMITED (REGISTERED NUMBER: 01071289)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DE MONTFORT INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr CJ Mathew
Mr RM Mathew



SECRETARY: Mr CJ Mathew



REGISTERED OFFICE: Stratford Farm
19 Main Street
Marston Trussell
Market Harborough
Leicestershire
LE16 9TY



REGISTERED NUMBER: 01071289 (England and Wales)



BANKERS: Handelsbanken
St. John's House
30 East Street
Leicestershire
LE1 6NB

DE MONTFORT INTERNATIONAL LIMITED (REGISTERED NUMBER: 01071289)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 436,671 478,508
Investment properties 6 10,130,000 7,439,556
10,566,671 7,918,064

CURRENT ASSETS
Debtors 7 70,275 334,585
Cash at bank and in hand 74,787 1,804
145,062 336,389
CREDITORS
Amounts falling due within one year 8 881,184 1,455,040
NET CURRENT LIABILITIES (736,122 ) (1,118,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,830,549

6,799,413

CREDITORS
Amounts falling due after more than one
year

9

(508,929

)

(381,768

)

PROVISIONS FOR LIABILITIES (1,643,099 ) (748,623 )
NET ASSETS 7,678,521 5,669,022

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Non distributable reserves 3,055,545 1,257,785
Retained earnings 4,572,976 4,361,237
SHAREHOLDERS' FUNDS 7,678,521 5,669,022

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

DE MONTFORT INTERNATIONAL LIMITED (REGISTERED NUMBER: 01071289)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:




Mr CJ Mathew - Director



Mr RM Mathew - Director


DE MONTFORT INTERNATIONAL LIMITED (REGISTERED NUMBER: 01071289)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

De Montfort International 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 as modified by the revaluation of certain assets.

Turnover
Revenue comprises the fair value for the sale of goods and services excluding value added tax and represents net invoice value less returns and settlement discounts. In addition, revenue includes income from the rental of investment properties excluding value added tax.

Intangible assets
Patents and licences are amortised through the profit and loss account by equal instalments over their estimated useful economic life of 10 years.

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 - 10% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Investment property
Investment properties for which value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the non distributable reserves.

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.


DE MONTFORT INTERNATIONAL LIMITED (REGISTERED NUMBER: 01071289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company makes contributions to pension schemes. Contributions payable to the company's pension schemes are charged to the profit and loss account in the period to which they relate.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 8,500
AMORTISATION
At 1 April 2022
and 31 March 2023 8,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

DE MONTFORT INTERNATIONAL LIMITED (REGISTERED NUMBER: 01071289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 1,068,325 38,985 16,000 1,123,310
Additions 6,285 - 4,995 11,280
At 31 March 2023 1,074,610 38,985 20,995 1,134,590
DEPRECIATION
At 1 April 2022 603,413 25,389 16,000 644,802
Charge for year 46,806 5,062 1,249 53,117
At 31 March 2023 650,219 30,451 17,249 697,919
NET BOOK VALUE
At 31 March 2023 424,391 8,534 3,746 436,671
At 31 March 2022 464,912 13,596 - 478,508

6. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 April 2022 7,439,556
Additions 16,459
Revaluations 2,673,985
At 31 March 2023 10,130,000
NET BOOK VALUE
At 31 March 2023 10,130,000
At 31 March 2022 7,439,556

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 10,130,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 6,176,579 6,160,249

Investment properties Stratford Farm & Mill Hill Farm were revalued to fair value of £8,030,000 on 28 November 2022, based on a valuation undertaken by Fisher German. The directors valued the Slater Street properties at £2,100,000 on 31 March 2023. The method used for determining fair value was valuing against an active market.

DE MONTFORT INTERNATIONAL LIMITED (REGISTERED NUMBER: 01071289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,028 177,273
Other debtors 8,247 157,312
70,275 334,585

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 58,000 593,115
Hire purchase contracts 17,962 29,300
Trade creditors 397,321 592,779
Taxation and social security 67,254 15,216
Other creditors 340,647 224,630
881,184 1,455,040

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 507,500 360,000
Hire purchase contracts 1,429 21,768
508,929 381,768

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 497,115
Bank loans 565,500 456,000
Hire purchase contracts 19,391 51,068
584,891 1,004,183

11. RELATED PARTY DISCLOSURES

At the year end the company owed £198,781 (2022: £92.080) to the directors on their director's loan accounts.