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REGISTERED NUMBER: 11475872 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Deep Property Ltd

Deep Property Ltd (Registered number: 11475872)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


Deep Property Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: D S Sandhu





REGISTERED OFFICE: 23 Woodland Road
Darlington
Co. Durham
DL3 7BJ





REGISTERED NUMBER: 11475872 (England and Wales)





ACCOUNTANTS: Chrichard & Co
23 Woodland Road
Darlington
Co. Durham
DL3 7BJ

Deep Property Ltd (Registered number: 11475872)

Abridged Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 917,057 351,569

CURRENT ASSETS
Debtors 100 100
Cash at bank 24,523 54,676
24,623 54,776
CREDITORS
Amounts falling due within one year 865,660 335,221
NET CURRENT LIABILITIES (841,037 ) (280,445 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,020

71,124

CAPITAL AND RESERVES
Called up share capital 5 100 100
Fair value reserve 6 33,000 33,000
Retained earnings 42,920 38,024
SHAREHOLDERS' FUNDS 76,020 71,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:



D S Sandhu - Director


Deep Property Ltd (Registered number: 11475872)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Deep Property 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Deep Property Ltd (Registered number: 11475872)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 351,569
Additions 565,488
At 31 July 2024 917,057
NET BOOK VALUE
At 31 July 2024 917,057
At 31 July 2023 351,569

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 917,057

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

6. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 33,000