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REGISTERED NUMBER: 08599909 (England and Wales)





















DEBDALE PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






DEBDALE PROPERTIES LIMITED (REGISTERED NUMBER: 08599909)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


DEBDALE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M J Odell
C A Odell





REGISTERED OFFICE: 10 Wards Lane
Yelvertoft
Northampton
Northamptonshire
NN6 6LY





REGISTERED NUMBER: 08599909 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

DEBDALE PROPERTIES LIMITED (REGISTERED NUMBER: 08599909)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 225,000 225,000

CURRENT ASSETS
Debtors 5 3,060 1,068
Cash at bank 13,112 25,729
16,172 26,797
CREDITORS
Amounts falling due within one year 6 166,677 187,645
NET CURRENT LIABILITIES (150,505 ) (160,848 )
TOTAL ASSETS LESS CURRENT LIABILITIES 74,495 64,152

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 74,493 64,150
SHAREHOLDERS' FUNDS 74,495 64,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

DEBDALE PROPERTIES LIMITED (REGISTERED NUMBER: 08599909)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





C A Odell - Director


DEBDALE PROPERTIES LIMITED (REGISTERED NUMBER: 08599909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Debdale 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.

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 as modified by the revaluation of certain assets.

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

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 225,000
NET BOOK VALUE
At 31 December 2023 225,000
At 31 December 2022 225,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2013 175,000
Valuation in 2022 50,000
225,000

DEBDALE PROPERTIES LIMITED (REGISTERED NUMBER: 08599909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
as restated
£    £   
Cost 175,000 175,000

Investment property was valued on an open market basis on 31 December 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 2,702 752
Other debtors 358 316
3,060 1,068

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Creditors 1,638 1,638
Rent Deposits 3,000 3,000
Corporation tax 2,426 1,396
Social security and other taxes - 454
Due to C Odell 162 162
Due to Miles re
Property Transfer 25 25
Directors' current accounts 153,240 174,997
Accrued expenses 6,186 5,973
166,677 187,645

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
2 Ordinary £1 2 2