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Registered number: 09220401
Deniz Partners Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
More Group (Accounting) Limited
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mr Matej Avsic
Company Number 09220401
Registered Office 65 Compton Street
London
EC1V 0BN
Accountants More Group (Accounting) Limited
65 Compton Street
London
EC1V 0BN
Page 1
Page 2
Balance Sheet
Registered number: 09220401
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 438,040 432,240
438,040 432,240
CURRENT ASSETS
Debtors 5 273,646 265,109
Cash at bank and in hand 131 864
273,777 265,973
Creditors: Amounts Falling Due Within One Year 6 (407,151 ) (352,516 )
NET CURRENT ASSETS (LIABILITIES) (133,374 ) (86,543 )
TOTAL ASSETS LESS CURRENT LIABILITIES 304,666 345,697
Creditors: Amounts Falling Due After More Than One Year 7 (374,177 ) (384,091 )
NET LIABILITIES (69,511 ) (38,394 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (70,511 ) (39,394 )
SHAREHOLDERS' FUNDS (69,511) (38,394)
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For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matej Avsic
Director
20/08/2024
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Deniz Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09220401 . The registered office is 65 Compton Street, London, EC1V 0BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
These accounts have been prepared on the going concern basis, on the understanding that the Director will continue to financially support the company during this uncertain period.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 October 2022 41,642 390,598 432,240
Revaluations 886 4,914 5,800
As at 30 September 2023 42,528 395,512 438,040
Provision
As at 1 October 2022 - - -
As at 30 September 2023 - - -
Net Book Value
As at 30 September 2023 42,528 395,512 438,040
As at 1 October 2022 41,642 390,598 432,240
Deniz partners Limited invested in the Share capital of BETA Charter d.o.o registered in Croatia in 2015 for the amount of £2,265.43 (EUR2,680.00).
Deniz partners Limited invested in the Share capital of BETA Charter d.o.o. registered in Croation commercial register in 2019 for the amount of £39,376.72 (HRK 350,000.00).
Deniz partners Limited invested in the Share capital of Focus Motor Yachts B.V. registered in Netherlands in 2017 for the amount of £395,512.28 (EUR 462,077.00).
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,561 7,519
Other debtors 22,067 21,792
Loan and advances 199,153 197,464
Other interest receivable 44,865 37,334
Called up share capital not paid 1,000 1,000
273,646 265,109
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 143,097 102,745
VAT - 811
Other creditors 247,466 236,837
Accruals and deferred income 15,554 11,924
Directors' loan accounts 1,034 199
407,151 352,516
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 374,177 384,091
374,177 384,091
8. Share Capital
2023 2022
Allotted, called up but not fully paid £ £
1,000 Ordinary Shares of £ 1.00 each 1,000 1,000
9. Subsidiary undertakings
Focus Motor Yachts B.V. incorporated in Netherlands with its registered address at Milaanstraat 24 1175 RJ Amsterdam which is 100% owned subsidiary of Deniz Partners Limited. Deniz Partners Limited holds 100% of the shares and voting rights of Focus Motor Yachts B.V.The principal activity of Focus Motor yachts B.V. is building of boats.
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