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REGISTERED NUMBER: 13422464 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

Duro Design And Build Ltd

Duro Design And Build Ltd (Registered number: 13422464)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Duro Design And Build Ltd

Company Information
for the Year Ended 31st October 2023







DIRECTORS: Mr M Duro
Mrs E Duro





REGISTERED OFFICE: Unit 11, Melbourne Court
Pride Park
Derby
Derbyshire
DE24 8LZ





REGISTERED NUMBER: 13422464 (England and Wales)





ACCOUNTANTS: Noy & Partners Accountants Limited
17 Farrington Way
Eastwood
Nottingham
Nottinghamshire
NG16 3BF

Duro Design And Build Ltd (Registered number: 13422464)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,643 27,545
Investment property 5 3,207,683 1,436,127
3,291,326 1,463,672

CURRENT ASSETS
Debtors 6 299,707 82,482
Cash at bank 91,146 69,794
390,853 152,276
CREDITORS
Amounts falling due within one year 7 2,232,106 891,047
NET CURRENT LIABILITIES (1,841,253 ) (738,771 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,450,073

724,901

CREDITORS
Amounts falling due after more than one
year

8

1,157,799

587,322
NET ASSETS 292,274 137,579

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 650,392 241,123
Retained earnings (358,120 ) (103,546 )
SHAREHOLDERS' FUNDS 292,274 137,579

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

Duro Design And Build Ltd (Registered number: 13422464)

Balance Sheet - continued
31st October 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 1st October 2024 and were signed on its behalf by:





Mr M Duro - Director


Duro Design And Build Ltd (Registered number: 13422464)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Duro Design And Build 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 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Duro Design And Build Ltd (Registered number: 13422464)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st November 2022 - 32,348 - 32,348
Additions 7,185 82,149 774 90,108
Disposals - (6,750 ) - (6,750 )
At 31st October 2023 7,185 107,747 774 115,706
DEPRECIATION
At 1st November 2022 - 4,803 - 4,803
Charge for year 1,796 25,912 255 27,963
Eliminated on disposal - (703 ) - (703 )
At 31st October 2023 1,796 30,012 255 32,063
NET BOOK VALUE
At 31st October 2023 5,389 77,735 519 83,643
At 31st October 2022 - 27,545 - 27,545

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022 1,436,127
Additions 1,362,287
Revaluations 409,269
At 31st October 2023 3,207,683
NET BOOK VALUE
At 31st October 2023 3,207,683
At 31st October 2022 1,436,127

Fair value at 31st October 2023 is represented by:
£   
Valuation in 2022 241,123
Valuation in 2023 409,269
Cost 2,557,291
3,207,683

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

2023 2022
£    £   
Cost 2,557,291 1,195,004

Investment property was valued on an open market basis on 30th October 2023 by Watsons .

Duro Design And Build Ltd (Registered number: 13422464)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72 -
Amounts owed by participating interests - 5,000
Other debtors 299,635 77,482
299,707 82,482

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 152,617 58,619
Taxation and social security 50,364 -
Other creditors 2,029,125 832,428
2,232,106 891,047

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,157,799 587,322

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Fair
value
reserve
£   
At 1st November 2022 241,123
Fair Value Adjustment
Wilko 59 Bath Street 409,269

At 31st October 2023 650,392