2023-01-012023-12-312023-12-31false11118602DECIMUS PALACE 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DECIMUS PALACE LIMITED

Registered Number
11118602
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

DECIMUS PALACE LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

BRUDENELL-LEECH, John Frederick
HARRIMAN-SMITH, Asher Sorche Storm, Mx
SCOTT-READ, Afsaneh
SMITH, George Frederick

Company Secretary

BRUDENELL-LEECH, John Frederick

Registered Address

21 Decimus Park
Tunbridge Wells
TN2 3GP

Registered Number

11118602 (England and Wales)
DECIMUS PALACE LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments31414
1414
Current assets
Debtors48,786,2679,788,857
Cash at bank and on hand998998
8,787,2659,789,855
Creditors amounts falling due within one year5(2,412)(2,412)
Net current assets (liabilities)8,784,8539,787,443
Total assets less current liabilities8,784,8679,787,457
Net assets8,784,8679,787,457
Capital and reserves
Called up share capital1,0021,002
Profit and loss account8,783,8659,786,455
Shareholders' funds8,784,8679,787,457
The financial statements were approved and authorised for issue by the Board of Directors on 17 October 2024, and are signed on its behalf by:
BRUDENELL-LEECH, John Frederick
Director
Registered Company No. 11118602
DECIMUS PALACE LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20232022
Average number of employees during the year44
3.Fixed asset investments

Investments in groups1

Other investments2

Total

£££
Cost or valuation
At 01 January 2321214
At 31 December 2321214
Net book value
At 31 December 2321214
At 31 December 2221214

Notes

1Investments in group undertakings and participating interests
2Other investments other than loans
4.Debtors: amounts due within one year

2023

2022

££
Amounts owed by group undertakings6,894,6277,797,217
Other debtors1,891,6401,991,640
Total8,786,2679,788,857
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables1212
Accrued liabilities and deferred income2,4002,400
Total2,4122,412
6.Related party transactions
Chalybeate Property Limited 100% subsdidiary During the year Chalybeate Properties Limited paid expenses on behalf of the company comprising a dividend of £100,000, (2022 - £200,000), accountancy fees of £2,520 (2022 - £4,800) and sundry expenses of £70 (2022 - £13) At the year end The balance due to the company was £6,894,627 (2022 - Due to £7,797,217). Childrensalon Limited 28.5% owned associate During the Childrensalon Limited repaid £100,000 (2022 - nil) and paid sundry expenses of nil (2022 - £40) At the year end The balance due to the company was £1,891,640 (2022 - Due to £1,991,640)