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Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Derek Pobjoy Investments Limited

Derek Pobjoy Investments Limited (Registered number: 00961862)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Derek Pobjoy Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D C Pobjoy
Miss T C Pobjoy





SECRETARY: T J Warner





REGISTERED OFFICE: Millennia House
Kingswood Park
Bonsor Drive
Tadworth
Surrey
KT20 6AY





REGISTERED NUMBER: 00961862 (England and Wales)





ACCOUNTANTS: Williams & Co
Chartered Accountants
8/10 South Street
Epsom
Surrey
KT18 7PF

Derek Pobjoy Investments Limited (Registered number: 00961862)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,107,410 3,107,410
Investments 5 - -
3,107,410 3,107,410

CURRENT ASSETS
Stocks 6 773,715 773,715
Debtors 7 11,917 11,917
785,632 785,632
CREDITORS
Amounts falling due within one year 8 2,958,117 2,958,117
NET CURRENT LIABILITIES (2,172,485 ) (2,172,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,925

934,925

CAPITAL AND RESERVES
Called up share capital 10 664,980 664,980
Share premium 14,985 14,985
Fair value reserve 11 1,813,206 1,813,206
Retained earnings (1,558,246 ) (1,558,246 )
SHAREHOLDERS' FUNDS 934,925 934,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Miss T C Pobjoy - Director


Derek Pobjoy Investments Limited (Registered number: 00961862)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Derek Pobjoy Investments Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

Derek Pobjoy Investments Limited (Registered number: 00961862)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 3,222,915 846,379 4,069,294
DEPRECIATION
At 1 January 2023
and 31 December 2023 837,859 124,025 961,884
NET BOOK VALUE
At 31 December 2023 2,385,056 722,354 3,107,410
At 31 December 2022 2,385,056 722,354 3,107,410

The freehold property was last valued in 2014 by Savills, Chartered Surveyors. In the opinion of the directors the current use value is not materially different. If the property was to gain planning for alternative use then the value is likely to increase.

5. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Pobjoy Mint Ltd
Registered office: Millennia House, Kingswood Park, Bonsor Drive, Tadworth, Surrey, KT20 6AY
Nature of business: Manufacture and sale of metal products
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves (2,676,122 ) (2,133,069 )
Loss for the year (543,053 ) (54,753 )

6. STOCKS
2023 2022
£    £   
Work-in-progress 773,715 773,715

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Deferred tax asset 11,917 11,917

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans (see note 9) 750,000 750,000
Accruals 6,288 6,288
Directors' current accounts 2,201,829 2,201,829
2,958,117 2,958,117

Derek Pobjoy Investments Limited (Registered number: 00961862)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Other loans 750,000 750,000

During the year the company received a loan at an interest rate of 2% of £750,000, repayable in July 2022.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
64,980 Ordinary Shares £1 64,980 64,980
600,000 Reedemable preference £1 600,000 600,000
664,980 664,980

11. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 1,813,206

12. CONTINGENT LIABILITIES

The company has given unlimited cross guarantees to the bankers of a subsidiary company and a connected company.

13. ULTIMATE CONTROLLING PARTY

The company is under the control of the board of directors.