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REGISTERED NUMBER: 08900439 (England and Wales)


Debden Design & Construction Limited

Audited Financial Statements

for the Year Ended 31 March 2024






Debden Design & Construction Limited (Registered number: 08900439)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Debden Design & Construction Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr S Cagin
Mr C Agcagul



REGISTERED OFFICE: Unit 2
The Britannia Centre
Lenthall Road
Loughton
IG10 3SQ



REGISTERED NUMBER: 08900439 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Altan Kemal FCA FCCA



AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

Debden Design & Construction Limited (Registered number: 08900439)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,521 39,258

CURRENT ASSETS
Stocks 5 - 492,000
Debtors 6 738,124 427,697
Cash at bank and in hand 6,883 27,959
745,007 947,656
CREDITORS
Amounts falling due within one year 7 1,130,123 821,686
NET CURRENT (LIABILITIES)/ASSETS (385,116 ) 125,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

(355,595

)

165,228

CREDITORS
Amounts falling due after more than one
year

8

(17,750

)

(18,482

)

PROVISIONS FOR LIABILITIES 9 (1,692 ) (9,815 )
NET (LIABILITIES)/ASSETS (375,037 ) 136,931

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (375,137 ) 136,831
SHAREHOLDERS' FUNDS (375,037 ) 136,931

Debden Design & Construction Limited (Registered number: 08900439)

Statement of Financial Position - 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 Income Statement 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:




Mr S Cagin - Director



Mr C Agcagul - Director


Debden Design & Construction Limited (Registered number: 08900439)

Notes to the Financial Statements
for the year ended 31 March 2024

1. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Masca Holdings Limited is the parent company of the group and copies of the consolidated accounts can be obtained from Unit 2, The Britannia Centre, Lenthall Road, Loughton, IG10 3SQ.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the end of the service when the company obtains the right to the consideration.
It is derived from the ordinary activities of the business. All income is derived from the company's operations in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance

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.

Cost is on first in first out basis. Net realisable value is the sales value of the stock less any additional cost to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Debden Design & Construction Limited (Registered number: 08900439)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

1. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company is dependent on the financial support from the parent company. The directors expect that this support will continue. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 5 ) .

3. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

4,000

4,000
Taxation advisory services 1,000 1,000
Other non- audit services 5,700 11,830

Audit fee has been included as part of the audit fee of Masca Holdings Limited. The parent company.

Debden Design & Construction Limited (Registered number: 08900439)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 20,206 32,139 52,345
Additions - 24,208 24,208
Disposals - (32,139 ) (32,139 )
At 31 March 2024 20,206 24,208 44,414
DEPRECIATION
At 1 April 2023 5,052 8,035 13,087
Charge for year 3,789 6,052 9,841
Eliminated on disposal - (8,035 ) (8,035 )
At 31 March 2024 8,841 6,052 14,893
NET BOOK VALUE
At 31 March 2024 11,365 18,156 29,521
At 31 March 2023 15,154 24,104 39,258

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 32,139
DEPRECIATION
At 1 April 2023
and 31 March 2024 8,035
NET BOOK VALUE
At 31 March 2024 24,104
At 31 March 2023 24,104

5. STOCKS
2024 2023
£    £   
Work-in-progress - 492,000

Debden Design & Construction Limited (Registered number: 08900439)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 708,084 427,697
Amounts owed by group undertakings 30,040 -
738,124 427,697

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,626 7,154
Trade creditors 343,565 199,942
Amounts owed to group undertakings 769,424 586,723
Taxation and social security 6,908 8,354
Other creditors 6,600 19,513
1,130,123 821,686

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,750 18,482

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax provision 1,692 9,815

Deferred
tax
£   
Balance at 1 April 2023 9,815
Credit to Income Statement during year (8,123 )
Balance at 31 March 2024 1,692

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Debden Design & Construction Limited (Registered number: 08900439)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. RESERVES
Retained
earnings
£   

At 1 April 2023 136,831
Deficit for the year (511,968 )
At 31 March 2024 (375,137 )

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co

13. CONTINGENT LIABILITIES

All companies in the group are guarantors under a credit guarantee between Natwest Bank and Village Quality Products Limited. The balance outstanding at the year end was nil (2023 - nil).

The company has also provided guarantee under credit card arrangement between the Natwest Bank and the following companies in the group; Cyprofood Ltd, Village Quality Products Ltd and Masca Holding Ltd.

All companies in the group are guarantors under a overdraft facility between Natwest Bank and Cyprofood Limited. The balance outstanding at the year end was £2,997,988 (2023 - £1,987,556).

All companies in the group have guaranteed a loan between Natwest Bank (the lender) and RS Properties London Ltd (a subsidiary in the same group). The balance outstanding at the year end was£11,658,160 (2023 - £12,650,356).

14. PARENT COMPANY

The controlling party is Masca Holdings Ltd.