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REGISTERED NUMBER: 12904715 (England and Wales)


Delmar London Limited

Abridged Audited Financial Statements

for the Year Ended 31 March 2024






Delmar London Limited (Registered number: 12904715)






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 3


Delmar London Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr C Agcagul



REGISTERED OFFICE: Kimberley House
31 Burnt Oak Broadway
Burnt Oak
Edgware
HA8 5LD



REGISTERED NUMBER: 12904715 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Altan Kemal FCA FCCA



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

Delmar London Limited (Registered number: 12904715)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 230,021 230,021
Cash at bank and in hand 1,030 1,078
231,051 231,099
CREDITORS
Amounts falling due within one year 5 231,000 231,000
NET CURRENT ASSETS 51 99
TOTAL ASSETS LESS CURRENT
LIABILITIES

51

99

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 (49 ) (1 )
SHAREHOLDERS' FUNDS 51 99

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 director and authorised for issue on 12 September 2024 and were signed by:





Mr C Agcagul - Director


Delmar London Limited (Registered number: 12904715)

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

1. STATUTORY INFORMATION

Delmar London 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Delmar London Limited (Registered number: 12904715)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 230,021 230,021

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 231,000 231,000

6. CALLED UP SHARE CAPITAL

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

7. RESERVES
Retained
earnings
£   

At 1 April 2023 (1 )
Deficit for the year (48 )
At 31 March 2024 (49 )

8. 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

9. 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).

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).

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 - 1,987,478)

Delmar London Limited (Registered number: 12904715)

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

10. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity

There were transfers to and from related parties during the period.

Other loans (credits) due from related party was £230,021 (2023 - £230,021).

11. PARENT COMPANY

The controlling party is Masca Holding Limited.