Company registration number 11358788 (England and Wales)
DURASEE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
DURASEE LIMITED
COMPANY INFORMATION
Director
Sion Camilleri
Company number
11358788
Registered office
18 Oak Village
London
NW5 4QP
Accountants
Charles Marcus Ltd
Cams Hall
Cams Hill
Fareham
Hampshire
PO16 8AB
DURASEE LIMITED
CONTENTS
Page
Director's report
1
Income statement
Statement of financial position
2
Notes to the financial statements
3 - 4
DURASEE LIMITED
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 31 MARCH 2024
- 1 -

The director presents his annual report and financial statements for the Period ended 31 March 2024.

Principal activities

The principal activity of the company is management consultancy.

Director

The director who held office during the Period and up to the date of signature of the financial statements was Mr S Camilleri

Sion Camilleri
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Sion Camilleri
Director
19 April 2024
DURASEE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2024
31 March 2024
- 2 -
31 March 2024
31 May 2023
Notes
£
£
£
£
Current assets
Trade and other receivables
21,541
35,485
Cash and cash equivalents
2,378
5,657
23,919
41,142
Current liabilities
(23,534)
(40,515)
Net current assets
385
627
Equity
Called up share capital
1
1
Retained earnings
384
626
Total equity
385
627

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

For the financial Period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 19 April 2024
Sion Camilleri
Director
Company registration number 11358788 (England and Wales)
DURASEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Durasee Limited is a private company limited by shares incorporated in England and Wales. The registered office is 18 Oak Village, London, NW5 4QP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Revenue

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2023
Number
Number
Total
1
1
DURASEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
2
Employees
(Continued)
- 4 -

The director is not entitled to any remuneration or benefits.

The company cannot pay any expenses to the director.

3
Parent company

Sion Camilleri is the ultimate beneficial owner and sole controlling party of the company.

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