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REGISTERED NUMBER: 02927789 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Dencourt Limited

Dencourt Limited (Registered number: 02927789)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Dencourt Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: J F Hughes
A W Hughes





SECRETARY: J A Hawkins





REGISTERED OFFICE: 15 Selworthy Road
Birkdale
Southport
Merseyside
PR8 2NS





REGISTERED NUMBER: 02927789 (England and Wales)





ACCOUNTANTS: Kinsella Clarke Limited
61 Stanley Road
Bootle
Merseyside
L20 7BZ

Dencourt Limited (Registered number: 02927789)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,363 3,733
Investment property 5 1,050,000 7,313,828
1,053,363 7,317,561

CURRENT ASSETS
Debtors 6 1,503,423 467,393
Cash at bank 831,356 113,649
2,334,779 581,042
CREDITORS
Amounts falling due within one year 7 931,291 5,776,020
NET CURRENT ASSETS/(LIABILITIES) 1,403,488 (5,194,978 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,456,851

2,122,583

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 (231,167 ) 1,551,459
Retained earnings 2,687,918 571,024
SHAREHOLDERS' FUNDS 2,456,851 2,122,583

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

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

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 30 July 2024 and were signed on its behalf by:



A W Hughes - Director


Dencourt Limited (Registered number: 02927789)

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

1. STATUTORY INFORMATION

Dencourt 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 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.
Plant and machinery etc - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Dencourt Limited (Registered number: 02927789)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 77,956
Additions 1,761
At 31 October 2023 79,717
DEPRECIATION
At 1 November 2022 74,223
Charge for year 2,131
At 31 October 2023 76,354
NET BOOK VALUE
At 31 October 2023 3,363
At 31 October 2022 3,733

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 7,313,828
Disposals (6,203,828 )
Revaluations (60,000 )
At 31 October 2023 1,050,000
NET BOOK VALUE
At 31 October 2023 1,050,000
At 31 October 2022 7,313,828

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2016 1,022,618
Valuation in 2017 435,060
Valuation in 2018 (343,454 )
Valuation in 2019 (1,405,295 )
Valuation in 2020 (372,050 )
Valuation in 2021 (83,094 )
Valuation in 2022 567,230
Valuation in 2023 (106,406 )
Cost 1,335,391
1,050,000

The investment properties were valued on an open market basis on 31 October 2023 by the director Mr A W Hughes .

Dencourt Limited (Registered number: 02927789)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 25,445 133,748
Amounts owed by group undertakings 3,592 3,400
Amounts owed by associates 1,026,976 -
Other debtors 447,410 330,245
1,503,423 467,393

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts - 3,702,479
Trade creditors 16,815 125,091
Amounts owed to group undertakings 551,935 999,008
Amounts owed to associates - 205,008
Taxation and social security 2,354 3,913
Other creditors 360,187 740,521
931,291 5,776,020

8. RESERVES
Fair
value
reserve
£   
At 1 November 2022 1,551,459
Current year (86,189 )
Inter-group transfer (1,696,437 )

At 31 October 2023 (231,167 )

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
A W Hughes and J F Hughes
Balance outstanding at start of year (4 ) (1,659 )
Amounts advanced 719,644 131,655
Amounts repaid (350,980 ) (130,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 368,660 (4 )

Dencourt Limited (Registered number: 02927789)

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

10. RELATED PARTY DISCLOSURES

Spark House Properties Limited

The company has 100% control over the subsidiary, Spark House Properties Limited.

Dencourt Limited owes Spark House Properties Limited £551,935 (2022 £999,008) as of the balance sheet date, 31 October 2023.



NWC Property Limited Limited

The company has 100% control over the subsidiary, NWC Property Limited.

NWC Property Limited owes Dencourt Limited £3,592 (2022 £3,400) as of the balance sheet date, 31 October 2023.



SSL Lettings Limited

The company has an associated company with a common majority share holder in SSL Lettings Limited.

SSL Lettings Limited owes Dencourt Limited £1,026,976 (2022 -£205,008) as of the balance sheet date, 31 October 2023.