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REGISTERED NUMBER: 03590025 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Derndale Properties Ltd

Derndale Properties Ltd (Registered number: 03590025)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Derndale Properties Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: T R Jay
Dr A E Balme





SECRETARY: T C Jay





REGISTERED OFFICE: Derndale
Wellington
Hereford
HR4 8BG





REGISTERED NUMBER: 03590025 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Derndale Properties Ltd (Registered number: 03590025)

Abridged Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 750,000 750,000

CURRENT ASSETS
Debtors 1,559 1,490
Cash at bank 38,684 9,290
40,243 10,780
CREDITORS
Amounts falling due within one year (65,636 ) (76,542 )
NET CURRENT LIABILITIES (25,393 ) (65,762 )
TOTAL ASSETS LESS CURRENT LIABILITIES 724,607 684,238

PROVISIONS FOR LIABILITIES (44,142 ) (26,050 )
NET ASSETS 680,465 658,188

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 5 226,397 226,397
Retained earnings 454,066 431,789
SHAREHOLDERS' FUNDS 680,465 658,188

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

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

Derndale Properties Ltd (Registered number: 03590025)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 March 2024 and were signed on its behalf by:





T R Jay - Director


Derndale Properties Ltd (Registered number: 03590025)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Derndale Properties 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.

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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 750,000
NET BOOK VALUE
At 30 June 2023 750,000
At 30 June 2022 750,000

Derndale Properties Ltd (Registered number: 03590025)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2023 is represented by:

Totals
£   
Valuation in 1999 292,262
Valuation in 2011 122,738
Valuation in 2013 35,000
Valuation in 2014 101,100
Valuation in 2017 40,000
Valuation in 2018 8,900
Valuation in 2019 130,241
Valuation in 2021 19,759
750,000

5. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 226,397