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Deandove Ltd

Unaudited Financial Statements for the Year Ended 31 May 2023






Deandove Ltd (Registered number: 05120766)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deandove Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: P McKeown





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 05120766 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Deandove Ltd (Registered number: 05120766)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 339,258 352,331
Investment property 5 7,150,000 6,575,000
7,489,258 6,927,331

CURRENT ASSETS
Debtors 6 344,554 187,547
Cash at bank 298,410 31,744
642,964 219,291
CREDITORS
Amounts falling due within one year 7 1,619,378 1,315,231
NET CURRENT LIABILITIES (976,414 ) (1,095,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,512,844

5,831,391

CREDITORS
Amounts falling due after more than one
year

8

(650,745

)

(775,843

)

PROVISIONS FOR LIABILITIES (877,365 ) (746,485 )
NET ASSETS 4,984,734 4,309,063

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 3,558,765 3,127,515
Retained earnings 1,425,968 1,181,547
SHAREHOLDERS' FUNDS 4,984,734 4,309,063

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

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

Deandove Ltd (Registered number: 05120766)

Balance Sheet - continued
31 May 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 9 February 2024 and were signed by:





P McKeown - Director


Deandove Ltd (Registered number: 05120766)

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

1. STATUTORY INFORMATION

Deandove 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Deandove Ltd (Registered number: 05120766)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 463,878
DEPRECIATION
At 1 June 2022 111,547
Charge for year 13,073
At 31 May 2023 124,620
NET BOOK VALUE
At 31 May 2023 339,258
At 31 May 2022 352,331

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 100,264
DEPRECIATION
At 1 June 2022
and 31 May 2023 68,540
NET BOOK VALUE
At 31 May 2023 31,724
At 31 May 2022 31,724

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 6,575,000
Revaluations 575,000
At 31 May 2023 7,150,000
NET BOOK VALUE
At 31 May 2023 7,150,000
At 31 May 2022 6,575,000

Deandove Ltd (Registered number: 05120766)

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

5. INVESTMENT PROPERTY - continued

Investment Property has been valued per director at 31/05/2022.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 341,000 185,000
Other debtors 3,554 2,547
344,554 187,547

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 144,929 131,006
Hire purchase contracts - 3,029
Trade creditors 97 97
Amounts owed to group undertakings 108,000 65,000
Taxation and social security 61,167 61,010
Other creditors 1,305,185 1,055,089
1,619,378 1,315,231

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 650,745 775,843

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 58,410 129,002

9. RESERVES
Fair
value
reserve
£   
At 1 June 2022 3,127,515
Fair value reserve 431,250

At 31 May 2023 3,558,765