DEREHAM PROPERTIES LIMITED

Company Registration Number:
10263454 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

DEREHAM PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

DEREHAM PROPERTIES LIMITED

Company Information

for the Period Ended 30 November 2023




Director: Christopher Plummer
Natasha Houston
Registered office: Elmhurst House
The Street
Hacheston
Woodbridge
England
IP13 0DR
Company Registration Number: 10263454 (England and Wales)

DEREHAM PROPERTIES LIMITED

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 612,000 300,000
Total fixed assets: 612,000 300,000
Current assets
Cash at bank and in hand: 12,114 2,311
Total current assets: 12,114 2,311
Prepayments and accrued income: 374 579
Creditors: amounts falling due within one year: ( 10,355 ) ( 10,025 )
Net current assets (liabilities): 2,133 ( 7,135 )
Total assets less current liabilities: 614,133 292,865
Creditors: amounts falling due after more than one year: ( 637,856 ) ( 301,992 )
Provision for liabilities: ( 18,174 ) ( 14,764 )
Total net assets (liabilities): ( 41,897 ) ( 23,891 )

The notes form part of these financial statements

DEREHAM PROPERTIES LIMITED

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 2
Revaluation reserve: 5 77,777 62,943
Profit and loss account: ( 119,676 ) ( 86,836 )
Shareholders funds: ( 41,897 ) ( 23,891 )

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 3 August 2024
And Signed On Behalf Of The Board By:

Name: Christopher Plummer
Status: Director

The notes form part of these financial statements

DEREHAM PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Valuation information and policy

    Investment property
    Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss

    Other accounting policies

    Going Concern The directors are the principal creditors and will not seek repayment of their loan accounts unless sufficient funds are available. Based on this the financial statements have been prepared on the going concern basis. Tangible assets Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Share capital Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DEREHAM PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

DEREHAM PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

DEREHAM PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible Assets

Total
Cost £
At 01 December 2022 300,000
Additions 293,756
Disposals -
Revaluations 18,244
Transfers -
At 30 November 2023 612,000
Depreciation
At 01 December 2022 -
Charge for year -
On disposals -
Other adjustments -
At 30 November 2023 -
Net book value
At 30 November 2023 612,000
At 30 November 2022 300,000

The fair value of the property has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer.

The last valuation of investment property by an independent valuer was March 2021 at £280,000.

DEREHAM PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Revaluation reserve


2023
£
Balance at 01 December 2022 62,943
Surplus or deficit after revaluation 14,834
Balance at 30 November 2023 77,777