REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
DELAHEYS LAND INVESTMENTS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
DELAHEYS LAND INVESTMENTS LIMITED |
DELAHEYS LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00256148) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
DELAHEYS LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00256148) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks | 7 |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Non distributable reserve | 11 | ( |
) | ( |
) |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
DELAHEYS LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00256148) |
BALANCE SHEET - continued |
31 DECEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
DELAHEYS LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00256148) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Delaheys Land Investments Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The results are presented for the company as a single entity only. |
Tangible fixed assets |
Motor vehicles | - |
Computer equipment | - |
Investment property |
Investment property is carried at fair value and revaluation surpluses are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The effect of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the opinion of the director, would be misleading. |
Stocks and work in progress |
Stocks and work in progress are stated at the lower of cost and net realisable value. Costs include overheads which have been incurred in bringing the stock to its present location and condition. Net realisable value represents sales value less appropriate selling costs. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Fixed asset investments |
Fixed asset investments are stated at cost less provision for permanent impairment. |
DELAHEYS LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00256148) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
Based on current trading and future expectations, the director is confident the company will continue to trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for payment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2023 |
Disposals | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Associated company |
Registered office: |
Nature of business: |
% |
Class of shares: | holding |
DELAHEYS LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00256148) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
5. | FIXED ASSET INVESTMENTS - continued |
2023 | 2022 |
£ | £ |
Aggregate capital and reserves |
With regard to associated undertakings, in the opinion of the directors, the aggregate value of the assets of the company, consisting of shares in or amounts owing from the associated undertakings, is not less than the amounts at which those assets are stated or included in the company's balance sheet. |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Fair value at 31 December 2023 is represented by: |
£ |
Valuation in 2023 | 310,250 |
7. | STOCKS |
2023 | 2022 |
£ | £ |
Stock of trading properties | 150,852 | 150,852 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
Prepayments and accrued income |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
Other creditors |
Accruals and deferred income |
DELAHEYS LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00256148) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
11. | RESERVES |
Non |
distributable |
reserve |
£ |
At 1 January 2023 |
and 31 December 2023 | ( |
) |
12. | RELATED PARTY DISCLOSURES |
As at 31 December 2023 there was an amount due to Ellis & Sons (Southern) Property Investments Limited, a company of which J L C Campbell is a director, of £150,000 (2022: £NIL). The loan has no fixed repayment terms and is interest free. |
As at 31 December 2023 there was an amount due to Delaheys Holdings Limited, a company of which J L C Campbell is a director, of £1,317 (2022: £1,317). The loan has no fixed repayment terms and is interest free. |
Two loans were made to Joint Ventures (London) Limited, a company of which J L C Campbell is a director and a 50% shareholder. Interest has been charged at 4% on the junior loan and 6% on the senior loan. The amount outstanding from the company on the junior loan at 31 December 2023 is £NIL (2022: £250,000). The amount outstanding from the senior debt loan at 31 December 2023 is £NIL (2022: £100,000). |
13. | ULTIMATE CONTROLLING PARTY |
The immediate parent company is Delaheys Holdings Limited, a company incorporated in England and Wales. The ultimate controlling party is the JLCC Campbell Settlement, a trust in which J L C Campbell is a beneficiary. |