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REGISTERED NUMBER: 11103131 (England and Wales)












Demeter Stockport Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024






Demeter Stockport Ltd (Registered number: 11103131)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Demeter Stockport Ltd

Company Information
for the Year Ended 30 April 2024







Directors: R H Somaia
Mrs M R Somaia
N Somaia





Registered office: 33 Ladythorn Crescent
Bramhall
Cheshire
SK7 2HB





Registered number: 11103131 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Demeter Stockport Ltd (Registered number: 11103131)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
Fixed assets
Investment property 4 265,691 265,691

Current assets
Cash at bank 9,560 385,640

Creditors
Amounts falling due within one year 5 281,886 663,370
Net current liabilities (272,326 ) (277,730 )
Total assets less current liabilities (6,635 ) (12,039 )

Capital and reserves
Called up share capital 100 100
Retained earnings (6,735 ) (12,139 )
Shareholders' funds (6,635 ) (12,039 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Demeter Stockport Ltd (Registered number: 11103131)

Balance Sheet - continued
30 April 2024


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 Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





Mrs M R Somaia - Director


Demeter Stockport Ltd (Registered number: 11103131)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

Demeter Stockport 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

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.


Demeter Stockport Ltd (Registered number: 11103131)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. 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.

Pension costs and other post-retirement benefits
The company does not operate a company pension scheme but makes contributions to a personal pension scheme of the director. Contributions payable for the year are charged in the profit and loss account.

Government grants
Government grants are accounted for on an accruals basis.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 3 ) .

4. Investment property
Total
£   
Fair value
At 1 May 2023
and 30 April 2024 265,691
Net book value
At 30 April 2024 265,691
At 30 April 2023 265,691

5. Creditors: amounts falling due within one year
30.4.24 30.4.23
£    £   
Taxation and social security - 446
Other creditors 281,886 662,924
281,886 663,370