BrightAccountsProduction v1.0.0 v1.0.0 2022-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Investment. 28 August 2024 1 1 08770485 2023-11-30 08770485 2022-11-30 08770485 2021-11-30 08770485 2022-12-01 2023-11-30 08770485 2021-12-01 2022-11-30 08770485 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08770485 uk-curr:PoundSterling 2022-12-01 2023-11-30 08770485 uk-bus:AbridgedAccounts 2022-12-01 2023-11-30 08770485 uk-core:ShareCapital 2023-11-30 08770485 uk-core:ShareCapital 2022-11-30 08770485 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 08770485 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 08770485 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 08770485 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-11-30 08770485 uk-bus:FRS102 2022-12-01 2023-11-30 08770485 uk-core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 08770485 uk-core:CostValuation 2022-11-30 08770485 uk-core:AdditionsToInvestments 2023-11-30 08770485 uk-core:AdditionsToInvestments 2022-11-30 08770485 uk-core:DisposalsRepaymentsInvestments 2023-11-30 08770485 uk-core:RevaluationsIncreaseDecreaseInInvestments 2023-11-30 08770485 uk-core:CostValuation 2023-11-30 08770485 uk-core:ParentEntities 2022-12-01 2023-11-30 08770485 uk-countries:Cyprus 2022-12-01 2023-11-30 08770485 uk-bus:CompanySecretaryDirector1 2022-12-01 2023-11-30 08770485 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Divop Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 November 2023



Divop Limited
Company Registration Number: 08770485
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 30 November 2023

2023 2022
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 1,726,436 1,726,814
Financial assets 5 84,776 461,519
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Non-Current Assets 1,811,212 2,188,333
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Current Assets
Debtors 596,169 591,607
Cash and cash equivalents 4,523 1,236
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600,692 592,843
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Creditors: amounts falling due within one year (957,813) (601,645)
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Net Current Liabilities (357,121) (8,802)
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Total Assets less Current Liabilities 1,454,091 2,179,531
 
Creditors:
amounts falling due after more than one year (630,746) (640,306)
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Net Assets 823,345 1,539,225
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Capital and Reserves
Called up share capital 1,000 1,000
Retained earnings 822,345 1,538,225
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Equity attributable to owners of the company 823,345 1,539,225
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Director's Report.
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 28 August 2024
           
           
________________________________          
Patrick Moloughney          
Director          
           



Divop Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 November 2023

   
1. General Information
 
Divop Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 08770485. The registered office of the company is Flat 501, 34 Bixteth Street, Liverpool, L3 9BA which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 November 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises rental income, net of value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Income Statement.
 
Financial assets
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the financial year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2022 - 1).
 
  2023 2022
  Number Number
 
Management 1 1
  ═════════ ═════════
         
4. Property, plant and equipment
  Investment Fixtures, Total
  properties fittings and  
    equipment  
  £ £ £
Cost
At 1 December 2022 1,725,301 6,880 1,732,181
  ───────── ───────── ─────────
 
At 30 November 2023 1,725,301 6,880 1,732,181
  ───────── ───────── ─────────
Depreciation
At 1 December 2022 - 5,367 5,367
Charge for the financial year - 378 378
  ───────── ───────── ─────────
At 30 November 2023 - 5,745 5,745
  ───────── ───────── ─────────
Net book value
At 30 November 2023 1,725,301 1,135 1,726,436
  ═════════ ═════════ ═════════
At 30 November 2022 1,725,301 1,513 1,726,814
  ═════════ ═════════ ═════════
         
5. Financial fixed assets
  Group and Other Total
  participating investments  
  interests/    
  joint ventures    
Investments £ £ £
Cost or Valuation
At 1 December 2022 31,538 429,981 461,519
Additions - 271,000 271,000
Disposals - (78,250) (78,250)
Revaluations - (569,493) (569,493)
  ───────── ───────── ─────────
At 30 November 2023 31,538 53,238 84,776
  ───────── ───────── ─────────
Net book value
At 30 November 2023 31,538 53,238 84,776
  ═════════ ═════════ ═════════
At 30 November 2022 31,538 429,981 461,519
  ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 November 2023.
   
7. Parent company
 
The company regards Soshmo Limited as its parent company.
 
   
8. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.