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Derdo 2018 Ltd

Unaudited Financial Statements for the Year Ended 31 January 2024






Derdo 2018 Ltd (Registered number: 11556354)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Derdo 2018 Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: K Aslan





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 11556354 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Derdo 2018 Ltd (Registered number: 11556354)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232 309
Investment property 5 1,514,798 982,681
1,515,030 982,990

CURRENT ASSETS
Debtors 6 151,063 57,044
Cash at bank 80,230 72,211
231,293 129,255
CREDITORS
Amounts falling due within one year 7 1,052,553 459,902
NET CURRENT LIABILITIES (821,260 ) (330,647 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

693,770

652,343

CREDITORS
Amounts falling due after more than one
year

8

(512,217

)

(516,441

)

PROVISIONS FOR LIABILITIES (20,109 ) (10,789 )
NET ASSETS 161,444 125,113

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 110,953 71,158
Retained earnings 50,391 53,855
161,444 125,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Derdo 2018 Ltd (Registered number: 11556354)

Balance Sheet - continued
31 January 2024


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 13 June 2024 and were signed by:





K Aslan - Director


Derdo 2018 Ltd (Registered number: 11556354)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Derdo 2018 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Derdo 2018 Ltd (Registered number: 11556354)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 977
DEPRECIATION
At 1 February 2023 668
Charge for year 77
At 31 January 2024 745
NET BOOK VALUE
At 31 January 2024 232
At 31 January 2023 309

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 982,681
Additions 482,987
Revaluations 49,130
At 31 January 2024 1,514,798
NET BOOK VALUE
At 31 January 2024 1,514,798
At 31 January 2023 982,681

Investment properties were valued using market data by the director on 31.01.2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 151,063 57,044

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,856 7,488
Trade creditors 578 482
Amounts owed to group undertakings 584,285 427,348
Taxation and social security 11,283 15,366
Other creditors 450,551 9,218
1,052,553 459,902

Derdo 2018 Ltd (Registered number: 11556354)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 512,217 516,441

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 488,793 418,200

9. RESERVES
Fair
value
reserve
£   
At 1 February 2023 71,158
Fair value reserve 39,795

At 31 January 2024 110,953