Registration number:
Report of the Director and
for the
Year Ended 31 March 2024
for
Deckstone Developments Ltd
Deckstone Developments Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Deckstone Developments Ltd
Company Information
Directors: |
B T Jenkinson J Doran |
Registered office: |
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Registered number: |
07177070 |
Accountants: |
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Deckstone Developments Ltd
(Registration number: 07177070)
Balance Sheet as at 31 March 2024
Note |
31.03.24 |
31.03.23 |
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£ |
£ |
£ |
£ |
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FIXED ASSETS |
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Investment property |
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CREDITORS |
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Creditors within 1yr |
4,557 |
4,550 |
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Total assets less current liabilities |
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Creditors
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PROVISIONS FOR LIABILITIES |
( |
( |
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Net assets |
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CAPITAL AND RESERVES |
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Called up share capital |
1 |
1 |
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Investment property reserve |
148,208 |
121,958 |
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Profit and loss account |
128,412 |
115,381 |
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Shareholders' funds |
276,621 |
237,340 |
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
......................................... |
Deckstone Developments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
1. |
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
2. |
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency is Pound Sterling (£).
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Deckstone Developments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)
2 |
Accounting policies (continued) |
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.
3. |
Staff numbers |
The average number of persons employed by the company during the year, was
4. |
Investment property |
31.03.24 |
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At 1 April |
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Fair value adjustments |
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At 31 March |
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Investment property was valued at the year-end on an open market basis by the directors.
Fair value adjustment at the year end is represented by investment property cost £294,794 plus fair value adjustment £180,206 total £475,000
Deckstone Developments Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)
5. |
Creditors |
Creditors: amounts falling due within one year
31.03.24 |
31.03.23 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
31.03.24 |
31.03.23 |
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Due after one year |
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Other creditors |
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174,862 |
Included in other creditors is £161,824 (23: £174,862) owed to the parent company. No interest or repayment terms have been set.
6. |
Reserves |
Investment |
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At 1 April 2023 |
121,958 |
Movement in year |
26,250 |
At 31 March 2024 |
148,208 |
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The property reserve is non-distributable.