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REGISTERED NUMBER: 13813017 (England and Wales)











































Deighton Estates Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2023






Deighton Estates Ltd (Registered number: 13813017)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


Deighton Estates Ltd

Company Information
for the year ended 31st December 2023







Director: P A Deighton





Registered office: 17D Windmill Way West
Ramparts Business Park
Berwick-Upon-Tweed
TD15 1TB





Business address: 1 Tolls Close
Whitley Bay
NE25 9XY





Registered number: 13813017 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Deighton Estates Ltd (Registered number: 13813017)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 424 636

Current assets
Debtors 5 8,243 1,694
Cash at bank 901 950
9,144 2,644
Creditors
Amounts falling due within one year 6 3,971 3,097
Net current assets/(liabilities) 5,173 (453 )
Total assets less current liabilities 5,597 183

Provisions for liabilities 81 121
Net assets 5,516 62

Capital and reserves
Called up share capital 1 1
Retained earnings 5,515 61
5,516 62

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th September 2024 and were signed by:




P A Deighton - Director


Deighton Estates Ltd (Registered number: 13813017)

Notes to the Financial Statements
for the year ended 31st December 2023

1. Statutory information

Deighton Estates Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, accruals and directors' loans.

Directors' loans (being repayable on demand), accruals and trade debtors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Deighton Estates Ltd (Registered number: 13813017)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. Accounting policies - continued

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a minimum of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

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

4. Tangible fixed assets
Office
equipment
£   
Cost
At 1st January 2023
and 31st December 2023 848
Depreciation
At 1st January 2023 212
Charge for year 212
At 31st December 2023 424
Net book value
At 31st December 2023 424
At 31st December 2022 636

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 757 282
Other debtors 7,486 1,412
8,243 1,694

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Taxation and social security 2,746 1,872
Other creditors 1,225 1,225
3,971 3,097

Deighton Estates Ltd (Registered number: 13813017)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 31st December 2023 and the period ended 31st December 2022:

2023 2022
£    £   
P A Deighton
Balance outstanding at start of year 1,412 -
Amounts advanced 23,536 17,589
Amounts repaid (17,462 ) (16,177 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,486 1,412

This loan is unsecured, interest free and repayable on demand.

8. Post balance sheet events

Since the year end, a final dividend of £5,000 and an interim dividend of £1,100 have been declared on 8th August 2024.