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REGISTERED NUMBER: 00469615 (England and Wales)















DERI INVESTMENTS LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023






DERI INVESTMENTS LIMITED (REGISTERED NUMBER: 00469615)

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


DERI INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Mr. N D Burnett
Mrs. C Burnett
Mr W R Henton
Mr R J Henton
Mr J E Henton
Mr N H H John
Mrs. A L Carr





SECRETARY: Mr N H H John





REGISTERED OFFICE: 1st Floor, Tudor House
16 Cathedral Road
Cardiff
Cardiff
CF11 9LJ





REGISTERED NUMBER: 00469615 (England and Wales)





AUDITORS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

DERI INVESTMENTS LIMITED (REGISTERED NUMBER: 00469615)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 10,462,500 10,462,500

CURRENT ASSETS
Debtors 5 125,658 144,070
Cash at bank and in hand 418,370 458,656
544,028 602,726
CREDITORS
Amounts falling due within one year 6 426,246 457,417
NET CURRENT ASSETS 117,782 145,309
TOTAL ASSETS LESS CURRENT LIABILITIES 10,580,282 10,607,809

CREDITORS
Amounts falling due after more than one
year

7

(390,149

)

(400,562

)

PROVISIONS FOR LIABILITIES (360,046 ) (360,046 )
NET ASSETS 9,830,087 9,847,201

CAPITAL AND RESERVES
Called up share capital 3,838 3,838
Revaluation reserve 9 3,249,076 3,249,076
Retained earnings 6,577,173 6,594,287
SHAREHOLDERS' FUNDS 9,830,087 9,847,201

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th January 2024 and were signed on its behalf by:





Mr N H H John - Director


DERI INVESTMENTS LIMITED (REGISTERED NUMBER: 00469615)

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


1. STATUTORY INFORMATION

Deri Investments 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. 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 comprises rent, service charge and insurance contributions receivable exclusive of value added tax where applicable.

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

DERI INVESTMENTS LIMITED (REGISTERED NUMBER: 00469615)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022
and 30th June 2023 10,462,500
NET BOOK VALUE
At 30th June 2023 10,462,500
At 30th June 2022 10,462,500

Fair value at 30th June 2023 is represented by:
£   
Valuation in 2021 3,609,122
Cost 6,853,378
10,462,500

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

2023 2022
£    £   
Cost 6,835,378 6,835,378

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 26,721 115,608
Other debtors 65,575 28,462
92,296 144,070

Amounts falling due after more than one year:
Other debtors 33,362 -

Aggregate amounts 125,658 144,070

DERI INVESTMENTS LIMITED (REGISTERED NUMBER: 00469615)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,000 19,000
Trade creditors 91,869 55,310
Amounts owed to group undertakings 174,476 174,476
Taxation and social security 16,440 84,115
Other creditors 129,461 124,516
426,246 457,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 390,149 400,562

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 404,149 419,562

Bank loans comprise a building society mortgage secured on one of the company's freehold investment properties.

9. RESERVES
Revaluation
reserve
£   
At 1st July 2022
and 30th June 2023 3,249,076

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Davies (Senior Statutory Auditor)
for and on behalf of Carston Carston Chartered Accountants