Registered number
02857766
Deltarock Limited
Filleted Accounts
31 December 2023
Deltarock Limited
Registered number: 02857766
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,207,772 18,463,138
Current assets
Stocks 202,904 202,904
Debtors 4 127,370 252,212
Cash at bank and in hand 1,106,004 1,464,721
1,436,278 1,919,837
Creditors: amounts falling due within one year 5 (391,226) (321,030)
Net current assets 1,045,052 1,598,807
Total assets less current liabilities 20,252,824 20,061,945
Creditors: amounts falling due after more than one year 6 (1,201,078) (1,201,078)
Provisions for liabilities (1,075,868) (913,016)
Net assets 17,975,878 17,947,851
Capital and reserves
Called up share capital 1,063,250 1,063,250
Share premium 69,750 69,750
Revaluation reserve 7 4,303,474 4,805,349
Profit and loss account 12,539,404 12,009,502
Shareholders' funds 17,975,878 17,947,851
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P C Gupta
Director
Approved by the board on 6 September 2024
Deltarock Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment Properties
The investment properties are shown at their fair value as estimated by the directors. Any movements in fair value are recognised in arriving at the profit before tax. Deferred tax is provided on these movements.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 18,463,138
Additions 1,298,328
Surplus on revaluation (501,875)
Disposals (51,819)
At 31 December 2023 19,207,772
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 19,207,772
At 31 December 2022 18,463,138
Freehold land and buildings: 2023 2022
£ £
Historical cost 14,904,298 13,657,789
Cumulative depreciation based on historical cost - -
14,904,298 13,657,789
4 Debtors 2023 2022
£ £
Trade debtors 52,510 206,470
Other debtors 74,860 45,742
127,370 252,212
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 9,740 886
Taxation and social security costs 244,716 193,657
Other creditors 136,770 126,487
391,226 321,030
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 1,201,078 1,201,078
7 Revaluation reserve 2023 2022
£ £
At 1 January 2023 4,805,349 4,800,197
(Loss)/gain on revaluation of land and buildings (501,875) 5,152
At 31 December 2023 4,303,474 4,805,349
8 Other information
Deltarock Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Wakerfield Close
Hornchurch
Essex
RM11 2TH
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