IRIS Accounts Production v24.1.4.33 01454231 Board of Directors 1.4.23 31.3.24 31.3.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014542312023-03-31014542312024-03-31014542312023-04-012024-03-31014542312022-03-31014542312022-04-012023-03-31014542312023-03-3101454231ns15:EnglandWales2023-04-012024-03-3101454231ns14:PoundSterling2023-04-012024-03-3101454231ns10:Director12023-04-012024-03-3101454231ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101454231ns10:SmallEntities2023-04-012024-03-3101454231ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101454231ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101454231ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101454231ns10:FullAccounts2023-04-012024-03-3101454231ns10:Director22023-04-012024-03-3101454231ns10:Director32023-04-012024-03-3101454231ns10:CompanySecretary12023-04-012024-03-3101454231ns10:RegisteredOffice2023-04-012024-03-3101454231ns5:CurrentFinancialInstruments2024-03-3101454231ns5:CurrentFinancialInstruments2023-03-3101454231ns5:ShareCapital2024-03-3101454231ns5:ShareCapital2023-03-3101454231ns5:SharePremium2024-03-3101454231ns5:SharePremium2023-03-3101454231ns5:RevaluationReserve2024-03-3101454231ns5:RevaluationReserve2023-03-3101454231ns5:RetainedEarningsAccumulatedLosses2024-03-3101454231ns5:RetainedEarningsAccumulatedLosses2023-03-3101454231ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3101454231ns5:LeaseholdImprovements2023-04-012024-03-3101454231ns5:PlantMachinery2023-04-012024-03-3101454231ns5:FurnitureFittings2023-04-012024-03-3101454231ns5:LandBuildings2023-03-3101454231ns5:LeaseholdImprovements2023-03-3101454231ns5:PlantMachinery2023-03-3101454231ns5:LandBuildings2023-04-012024-03-3101454231ns5:LandBuildings2024-03-3101454231ns5:LeaseholdImprovements2024-03-3101454231ns5:PlantMachinery2024-03-3101454231ns5:LandBuildings2023-03-3101454231ns5:LeaseholdImprovements2023-03-3101454231ns5:PlantMachinery2023-03-3101454231ns5:FurnitureFittings2023-03-3101454231ns5:ComputerEquipment2023-03-3101454231ns5:ComputerEquipment2023-04-012024-03-3101454231ns5:FurnitureFittings2024-03-3101454231ns5:ComputerEquipment2024-03-3101454231ns5:FurnitureFittings2023-03-3101454231ns5:ComputerEquipment2023-03-3101454231ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 01454231 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Deltabond Limited

Deltabond Limited (Registered number: 01454231)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Deltabond Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B A Langevad
Mrs M L M Langevad
Mrs C Hartman





SECRETARY: Mrs M L M Langevad





REGISTERED OFFICE: 9 Acton Hill Mews
Uxbridge Road
London
W3 9QN





REGISTERED NUMBER: 01454231 (England and Wales)






Deltabond Limited (Registered number: 01454231)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,911,415 9,225,109

CURRENT ASSETS
Cash at bank and in hand 367,579 2,330,571

CREDITORS
Amounts falling due within one year 5 1,084,871 1,326,405
NET CURRENT (LIABILITIES)/ASSETS (717,292 ) 1,004,166
TOTAL ASSETS LESS CURRENT LIABILITIES 9,194,123 10,229,275

CAPITAL AND RESERVES
Called up share capital 81,700 81,700
Share premium 41,745 41,745
Revaluation reserve 6 8,188,870 7,603,870
Retained earnings 881,808 2,501,960
SHAREHOLDERS' FUNDS 9,194,123 10,229,275

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 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 16 September 2024 and were signed on its behalf by:





B A Langevad - Director


Deltabond Limited (Registered number: 01454231)

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

1. STATUTORY INFORMATION

Deltabond 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 as modified by the revaluation of certain assets.

Turnover
The turnover of the company represent net rents received from rental, sale proceeds and management of the company's freehold properties.

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 - not provided
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 April 2023 8,825,000 940,228 432,272
Additions - 220,000 -
Revaluations 585,000 - -
At 31 March 2024 9,410,000 1,160,228 432,272
DEPRECIATION
At 1 April 2023 - 550,803 425,164
Charge for year - 116,023 1,777
At 31 March 2024 - 666,826 426,941
NET BOOK VALUE
At 31 March 2024 9,410,000 493,402 5,331
At 31 March 2023 8,825,000 389,425 7,108

Deltabond Limited (Registered number: 01454231)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 345,283 2,052 10,544,835
Additions - - 220,000
Revaluations - - 585,000
At 31 March 2024 345,283 2,052 11,349,835
DEPRECIATION
At 1 April 2023 342,477 1,282 1,319,726
Charge for year 702 192 118,694
At 31 March 2024 343,179 1,474 1,438,420
NET BOOK VALUE
At 31 March 2024 2,104 578 9,911,415
At 31 March 2023 2,806 770 9,225,109

The investment properties revaluation was undertaken by the directors, Mr B A Langevad and Mrs M L M Langevad. This revaluation was based on estate agents valuations of properties similar in size and condition within the vicinity of the properties.

Cost or valuation at 31 March 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2017 900,000 - -
Valuation in 2018 420,000 - -
Valuation in 2019 394,000 - -
Valuation in 2020 680,000 - -
Valuation in 2021 360,000 - -
Valuation in 2022 840,000 - -
Valuation in 2023 (95,000 ) - -
Cost 5,911,000 1,160,228 432,272
9,410,000 1,160,228 432,272

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Valuation in 2017 - - 900,000
Valuation in 2018 - - 420,000
Valuation in 2019 - - 394,000
Valuation in 2020 - - 680,000
Valuation in 2021 - - 360,000
Valuation in 2022 - - 840,000
Valuation in 2023 - - (95,000 )
Cost 345,283 2,052 7,850,835
345,283 2,052 11,349,835

Deltabond Limited (Registered number: 01454231)

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

4. TANGIBLE FIXED ASSETS - continued

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 813,729 813,729

Investment properties were valued on open market basis on 31 March 2012 by Mr B A Langevad and Mrs M L M Langevad .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1 -
Tax - 672,972
Other creditors 1,079,350 647,913
Accrued expenses 5,520 5,520
1,084,871 1,326,405

6. RESERVES
Revaluation
reserve
£   
At 1 April 2023 7,603,870
Revaluation reserve 585,000

At 31 March 2024 8,188,870

7.