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REGISTERED NUMBER: 02211128 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Deedgate Limited

Deedgate Limited (Registered number: 02211128)






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


Deedgate Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B Bennett
Mrs B Bennett





SECRETARY: B Bennett





REGISTERED OFFICE: The Old Orchard House The Platt
Bottom Of Caburn Way
Hailsham
East Sussex
BN27 3LX





REGISTERED NUMBER: 02211128 (England and Wales)





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

Deedgate Limited (Registered number: 02211128)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58 73
Investment property 5 1,661,500 1,661,500
1,661,558 1,661,573

CURRENT ASSETS
Debtors 6 (800 ) (800 )
Investments 7 306,022 306,022
Cash at bank and in hand 37,204 34,038
342,426 339,260
CREDITORS
Amounts falling due within one year 8 89,770 81,563
NET CURRENT ASSETS 252,656 257,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,914,214

1,919,270

CREDITORS
Amounts falling due after more than
one year

9

(281,397

)

(296,076

)

PROVISIONS FOR LIABILITIES (181,730 ) (181,730 )
NET ASSETS 1,451,087 1,441,464

Deedgate Limited (Registered number: 02211128)

Balance Sheet - continued
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200,002 200,002
Revaluation reserve 11 1,006,913 1,006,913
Retained earnings 244,172 234,549
SHAREHOLDERS' FUNDS 1,451,087 1,441,464

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.

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 26 September 2024 and were signed on its behalf by:




B Bennett - Director



Mrs B Bennett - Director


Deedgate Limited (Registered number: 02211128)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Deedgate 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment 20% reducing balance


Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

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.

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.


Deedgate Limited (Registered number: 02211128)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 yearr 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.

The deferred tax also takes into account the revalution of properties owned by the company which were bought a few years ago.

Loans and mortgages
The mortgages are secured on the freehold properties, 95 South Road, Hailsham and 97 South Road, Hailsham.
The aggregate of creditors for which security has been given amounted to £377,928.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 6,033
DEPRECIATION
At 1 January 2023 5,960
Charge for year 15
At 31 December 2023 5,975
NET BOOK VALUE
At 31 December 2023 58
At 31 December 2022 73

Deedgate Limited (Registered number: 02211128)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,661,500
NET BOOK VALUE
At 31 December 2023 1,661,500
At 31 December 2022 1,661,500

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 1,661,500

Freehold investment property have all been revalued in this year to allow for Deferred tax allowances.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors (800 ) (800 )

7. CURRENT ASSET INVESTMENTS

The company has invested in BET Share this year buying shares with the intention of BET share being very profitable in the future.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors - 2,779
Tax 36,562 36,562
Directors' loan accounts 50,088 38,946
Accrued expenses 3,120 3,276
89,770 81,563

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans (see note 10) 14,774 17,262
Other loans (see note 10) 266,623 278,814
281,397 296,076

Deedgate Limited (Registered number: 02211128)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. LOANS

An analysis of the maturity of loans is given below:

31/12/23 31/12/22
£    £   
Amounts falling due between one and two years:
Other Loans 1/2 Years 193,840 194,952
Bank Loan Accounts 72,783 83,862
266,623 278,814

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,774 17,262

11. RESERVES
Revaluatio
reserve
£   
At 1 January 2023
and 31 December 2023 1,006,913

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors loan account shown on the balance sheet was owed owed to Mr Bennett the director of the company. No interest has been charged this year, the loan is repayable on demand.