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REGISTERED NUMBER: 05284045 (England and Wales)




















Unaudited Financial Statements

FOR THE YEAR ENDED

30 November 2023

for

DENBRAY ESTATES LTD

DENBRAY ESTATES LTD (REGISTERED NUMBER: 05284045)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DENBRAY ESTATES LTD

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: G Frei
Noe Group Corporate Services





SECRETARY: J L Frei





REGISTERED OFFICE: 30 Market Place
London
W1W 8AP





REGISTERED NUMBER: 05284045 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

DENBRAY ESTATES LTD (REGISTERED NUMBER: 05284045)

Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 780,000 780,000

CURRENT ASSETS
Debtors 5 41,787 48,638
Cash at bank 21,686 88,891
63,473 137,529
CREDITORS
Amounts falling due within one year 6 383,199 790,219
NET CURRENT LIABILITIES (319,726 ) (652,690 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,274

127,310

CREDITORS
Amounts falling due after more than one
year

7

636,526

327,457
NET LIABILITIES (176,252 ) (200,147 )

CAPITAL AND RESERVES
Called up share capital 2 2
Profit and loss account (176,254 ) (200,149 )
(176,252 ) (200,147 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 5 September 2024 and were signed on its behalf by:





G Frei - Director


DENBRAY ESTATES LTD (REGISTERED NUMBER: 05284045)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Denbray Estates 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.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements have been prepared on a going concern basis the validity of which is dependent upon the continued support of the company's creditors. Should the creditors withdraw their support, thereby rendering the going concern basis inappropriate, the financial statements does not contain the adjustments that would be required.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts of rental income invoiced during the year.

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.

No depreciation is provided in respect of investment property applying the fair value model.

Investment property fair value is determined by the directors based on their understanding of property market conditions and the specific property.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

DENBRAY ESTATES LTD (REGISTERED NUMBER: 05284045)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that include the asset and generates cash inflows that are largely independent of the cash inflows from other assets or group of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 780,000
NET BOOK VALUE
At 30 November 2023 780,000
At 30 November 2022 780,000

Investment property fair value is determined by the directors based on their understanding of property market conditions and the specific property.

The historic cost of the investment properties is £820,916 (2022:£820,916).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,785 48,636
Other debtors 2 2
41,787 48,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,832 331,788
Taxation and social security 7,153 7,872
Other creditors 365,214 450,559
383,199 790,219

DENBRAY ESTATES LTD (REGISTERED NUMBER: 05284045)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 309,069 -
Other creditors 327,457 327,457
636,526 327,457

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 319,901 331,788