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REGISTERED NUMBER: 04968208 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DAROM ESTATES LTD

DAROM ESTATES LTD (REGISTERED NUMBER: 04968208)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DAROM ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs Fanny Hochhauser





REGISTERED OFFICE: 99 Clapton Common
London
E5 9AB





REGISTERED NUMBER: 04968208 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

DAROM ESTATES LTD (REGISTERED NUMBER: 04968208)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 405,695 391,379
405,695 391,379

CURRENT ASSETS
Debtors 7 526,696 546,087

CREDITORS
Amounts falling due within one year 8 (5,754 ) (8,101 )
NET CURRENT ASSETS 520,942 537,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

926,637

929,365

CREDITORS
Amounts falling due after more than one
year

9

(70,629

)

(74,609

)
NET ASSETS 856,008 854,756

CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 12 271,379 271,379
Retained earnings 12 584,628 583,376
SHAREHOLDERS' FUNDS 856,008 854,756

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 director acknowledges her 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.

DAROM ESTATES LTD (REGISTERED NUMBER: 04968208)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 26 September 2024 and were signed by:





Mrs Fanny Hochhauser - Director


DAROM ESTATES LTD (REGISTERED NUMBER: 04968208)

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

1. STATUTORY INFORMATION

Darom 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

DAROM ESTATES LTD (REGISTERED NUMBER: 04968208)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 23,435
DEPRECIATION
At 1 January 2023
and 31 December 2023 23,435
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 391,379
Additions 14,316
At 31 December 2023 405,695
NET BOOK VALUE
At 31 December 2023 405,695
At 31 December 2022 391,379

The director has confirmed that there is no significant increase or decrease in the property market value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 526,696 546,087

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 1,299 1,006
Directors' current accounts 4,035 4,035
Accrued expenses 420 3,060
5,754 8,101

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans more 5 yr by instal 70,629 74,609

DAROM ESTATES LTD (REGISTERED NUMBER: 04968208)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 70,629 74,609

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 70,629 74,609

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 583,376 271,379 854,755
Profit for the year 1,252 1,252
At 31 December 2023 584,628 271,379 856,007

13. CONTROLLING PARTY

The controlling party is Mrs Fanny Hochhauser.