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REGISTERED NUMBER: 05951747 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

DELMOOR PROPERTY INVESTMENT COMPANY
LIMITED

DELMOOR PROPERTY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 05951747)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DELMOOR PROPERTY INVESTMENT COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: C R Watts



REGISTERED OFFICE: 2nd Floor
Landchard House
Victoria Street
West Bromwich
West Midlands
B70 8ER



REGISTERED NUMBER: 05951747 (England and Wales)



ACCOUNTANTS: Fields Business Advisors Ltd
2nd Floor
Landchard House
Victoria Street
West Bromwich
West Midlands
B70 8ER



BANKERS: Lloyds Bank Plc
13-14 High Street
Cradley Heath
Warley
West Midlands
B64 5HP

DELMOOR PROPERTY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 05951747)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 988,213 988,213

CURRENT ASSETS
Debtors 6 538,306 669,604
Cash at bank 6,647 130
544,953 669,734
CREDITORS
Amounts falling due within one year 7 155,957 287,619
NET CURRENT ASSETS 388,996 382,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,377,209

1,370,328

CREDITORS
Amounts falling due after more than one year 8 547,087 564,443
NET ASSETS 830,122 805,885

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 830,022 805,785
SHAREHOLDERS' FUNDS 830,122 805,885

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

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

DELMOOR PROPERTY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 05951747)

BALANCE SHEET - continued
31ST 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 director and authorised for issue on 22nd December 2023 and were signed by:





C R Watts - Director


DELMOOR PROPERTY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 05951747)

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

1. STATUTORY INFORMATION

Delmoor Property Investment Company 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.

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company and are rounded to the nearest £1.

Going concern
The director believes that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern and therefore the going concern basis remains appropriate in the preparation of the financial statements.

Turnover
Turnover consists of rent receivable from the leasehold investment property excluding value added tax. Rent receivable is recognised in the profit and loss account on a straight line basis over the period of the lease.

Financial instruments
With few exceptions, the company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as cash, trade and other accounts receivable and payable and loans from banks and other third parties, including related parties.

Basic financial instruments such as those above are recognised in the financial statements at amortised cost.

Any exception to the above are either immaterial or do not affect more than one accounting period.

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.


DELMOOR PROPERTY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 05951747)

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

3. 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.

Investment property
Investment properties are included at fair value. Gains and losses are recognised in the Income Statement and included within the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold or at the rate applicable at the balance sheet date.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Cash and cash equivalents
Cash is represented by cash at bank and on hand, and bank overdrafts.

Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

Trade and other creditors
Trade and other creditors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Leasehold
investment
property
£   
COST
At 1st April 2022
and 31st March 2023 988,213
NET BOOK VALUE
At 31st March 2023 988,213
At 31st March 2022 988,213

DELMOOR PROPERTY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 05951747)

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

5. TANGIBLE FIXED ASSETS - continued

The director is of the opinion that no adjustment is required to the carrying value of the company's leasehold investment property at 31st March 2023.

The company's leasehold investment property is held for use under an informal lease.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 160,000
Other debtors 538,306 509,604
538,306 669,604

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,415 32,985
Trade creditors 2,908 2,908
Taxation and social security 119,239 89,479
Other creditors 3,395 162,247
155,957 287,619

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 547,087 564,443

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 577,502 597,428

The loan is secured on the companies lease hold investment property and is repayable by monthly instalments including interest, expiring in 2026.