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REGISTERED NUMBER: 01273142 (England and Wales)















DELTALORD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






DELTALORD LIMITED (REGISTERED NUMBER: 01273142)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DELTALORD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C A Hayes
Ms J M Holdsworth





SECRETARY: T Halton





REGISTERED OFFICE: Hillside House
Main Street
Sicklinghall
Wetherby
LS22 4BD





REGISTERED NUMBER: 01273142 (England and Wales)





ACCOUNTANTS: STEAD ROBINSON
Dipford House, Queens Square
Huddersfield Road
Honley
Holmfirth
HD9 6QZ

DELTALORD LIMITED (REGISTERED NUMBER: 01273142)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 575,189 575,189

CURRENT ASSETS
Debtors 5 359,503 306,430
Cash at bank 91,011 250,598
450,514 557,028
CREDITORS
Amounts falling due within one year 6 341,738 440,787
NET CURRENT ASSETS 108,776 116,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

683,965

691,430

CAPITAL AND RESERVES
Called up share capital 385,000 385,000
Revaluation reserve 8 97,843 97,843
Retained earnings 201,122 208,587
SHAREHOLDERS' FUNDS 683,965 691,430

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.

DELTALORD LIMITED (REGISTERED NUMBER: 01273142)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





C A Hayes - Director


DELTALORD LIMITED (REGISTERED NUMBER: 01273142)

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

1. STATUTORY INFORMATION

Deltalord 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.

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.

Investment property
In accordance with the FRSSE, investment properties are revalued annually and the aggregate surplus or deficit is transferred to the revaluation reserve, except where a deficit on an individual investment property is expected to be permanent in which case it is charged ( or credited where a deficit is reversed) to the profit and loss account of the period. No depreciation is provided in respect of investment properties.

The Companies Act requires all properties to be depreciated. However this requirement conflicts with the generally accepted accounting principles set out in the FRSSE. The directors consider that, because these properties are not held for consumption, but for the investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view.

If this departure from the Act had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be seperately identified or quantified.

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 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.

3. EMPLOYEES AND DIRECTORS

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

DELTALORD LIMITED (REGISTERED NUMBER: 01273142)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 575,189
NET BOOK VALUE
At 31 December 2023 575,189
At 31 December 2022 575,189

Fair value at 31 December 2023 is represented by:
£   
Valuation in 1997 318,694
Valuation in 2004 292,425
Valuation in 2006 (42,450 )
Valuation in 2014 (331,074 )
Valuation in 2015 53,500
Cost 284,094
575,189

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

2023 2022
£    £   
Cost 284,094 284,094

Investment property was valued on an open market basis on 31 December 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,913 46,563
Other debtors 352,590 259,867
359,503 306,430

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 269,334 295,767
Trade creditors 789 16,361
Taxation and social security 40,271 81,829
Other creditors 31,344 46,830
341,738 440,787

DELTALORD LIMITED (REGISTERED NUMBER: 01273142)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 269,334 295,767

Bank loans and overdrafts are secured on the investment property belonging to the company.

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 97,843