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REGISTERED NUMBER: 10824299 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Denler Properties Limited

Denler Properties Limited (Registered number: 10824299)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Denler Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Rogers





SECRETARY: G Rogers





REGISTERED OFFICE: 106 - 108 Burnt Oak Broadway
Edgware
Middlesex
HA8 0BE





REGISTERED NUMBER: 10824299 (England and Wales)

Denler Properties Limited (Registered number: 10824299)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 10,000
Tangible assets 5 73,791 6,166
Investment property 6 4,716,415 3,172,188
4,800,206 3,188,354

CURRENT ASSETS
Debtors 818,487 1,217,507
Cash at bank 62,786 1,863,659
881,273 3,081,166
CREDITORS
Amounts falling due within one year 2,278,795 2,962,361
NET CURRENT (LIABILITIES)/ASSETS (1,397,522 ) 118,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,402,684

3,307,159

PROVISIONS FOR LIABILITIES 15,783 795
NET ASSETS 3,386,901 3,306,364

CAPITAL AND RESERVES
Called up share capital 1,265,000 1,265,000
Retained earnings 7 2,121,901 2,041,364
SHAREHOLDERS' FUNDS 3,386,901 3,306,364

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Denler Properties Limited (Registered number: 10824299)

Abridged Balance Sheet - continued
31 March 2024


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 Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 23 August 2024 and were signed by:





D Rogers - Director


Denler Properties Limited (Registered number: 10824299)

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

1. STATUTORY INFORMATION

Denler Properties 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.

Income
Income represents rent receivable.

Intangible assets

Cryptocurrency
The investment in cryptocurrency is stated at cost.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE

At 31 March 2024 10,000
At 31 March 2023 10,000

The market value of the cryptocurrency as at 31 March 2024 was £14,750 (2023 - £6,030).

Denler Properties Limited (Registered number: 10824299)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 11,321
Additions 92,223
At 31 March 2024 103,544
DEPRECIATION
At 1 April 2023 5,155
Charge for year 24,598
At 31 March 2024 29,753
NET BOOK VALUE
At 31 March 2024 73,791
At 31 March 2023 6,166

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 3,172,188
Additions 1,544,227
At 31 March 2024 4,716,415
NET BOOK VALUE
At 31 March 2024 4,716,415
At 31 March 2023 3,172,188

7. RESERVES
Retained
earnings
£   

At 1 April 2023 2,041,364
Profit for the year 80,537
At 31 March 2024 2,121,901

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £362,000 (2023 - £416,000) to its associate company Redpath (London) Limited and it is included within creditors within these financial statements.. No interest was accruing on the outstanding amount and no fixed repayment terms have been agreed as the balance sheet date.

.