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REGISTERED NUMBER: 06281246 (England and Wales)














Delamore Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Delamore Properties Limited (Registered number: 06281246)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Delamore Properties Limited

Company Information
for the Year Ended 31 March 2023







Directors: Mr C W Delamore
Mrs T S Nicholls





Registered office: Balsam Fields
Station Road
Terrington St Clement
Kings Lynn
Norfolk
PE34 4PL





Registered number: 06281246 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambs
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Delamore Properties Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Delamore Properties Limited for the year ended 31 March 2023 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Delamore Properties Limited, as a body, in accordance with the terms of our engagement letter dated 6 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Delamore Properties Limited and state those matters that we have agreed to state to the Board of Directors of Delamore Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Delamore Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Delamore Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Delamore Properties Limited. You consider that Delamore Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Delamore Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambs
PE13 3AD


13 November 2023

Delamore Properties Limited (Registered number: 06281246)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 430 574
Investments 6 50,000 50,000
Investment property 7 445,697 445,697
496,127 496,271

Current assets
Debtors 8 23,769 13,380
Cash at bank 41,730 24,910
65,499 38,290
Creditors
Amounts falling due within one year 9 123,640 161,183
Net current liabilities (58,141 ) (122,893 )
Total assets less current liabilities 437,986 373,378

Provisions for liabilities 108 109
Net assets 437,878 373,269

Capital and reserves
Called up share capital 100 100
Retained earnings 437,778 373,169
437,878 373,269

Delamore Properties Limited (Registered number: 06281246)

Statement of Financial Position - continued
31 March 2023


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.

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 13 November 2023 and were signed on its behalf by:





Mr C W Delamore - Director


Delamore Properties Limited (Registered number: 06281246)

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


1. Statutory information

Delamore Properties 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.
Plant and machinery - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. Employees and directors

The average number of employees during the year was 2 (2022 - 3 ) .

Delamore Properties Limited (Registered number: 06281246)

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


5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 April 2022
and 31 March 2023 4,324
Depreciation
At 1 April 2022 3,750
Charge for year 144
At 31 March 2023 3,894
Net book value
At 31 March 2023 430
At 31 March 2022 574

6. Fixed asset investments
Unlisted
investments
£   
Cost
At 1 April 2022
and 31 March 2023 100,000
Provisions
At 1 April 2022
and 31 March 2023 50,000
Net book value
At 31 March 2023 50,000
At 31 March 2022 50,000

7. Investment property
Total
£   
Fair value
At 1 April 2022
and 31 March 2023 445,697
Net book value
At 31 March 2023 445,697
At 31 March 2022 445,697

The investment property is held at original cost which in the directors opinion represents the approximate market value.

Delamore Properties Limited (Registered number: 06281246)

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


8. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 20,769 11,480
Loan to C Barnett - 1,900
Directors' loan accounts 3,000 -
23,769 13,380

9. Creditors: amounts falling due within one year
2023 2022
£    £   
Amounts owed to associates 98,790 138,546
Tax 15,189 13,779
VAT 5,412 4,158
Accrued expenses 4,249 4,700
123,640 161,183

10. Directors' advances, credits and guarantees

During the year the company made an unsecured, interest free loan to one of the directors. Amounts loaned to the director in the year were £3,000. Amounts repaid by the director in the year were £nil. The amount outstanding at the balance sheet date, due to the company, was £3,000.

11. Related party disclosures

At the year end the company owed £98,790 (2022: £138,546) to Delamore Farms Limited, a company with common directors. No interest has been charged on this loan.