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Derdo Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






Derdo Limited (Registered number: 07123946)






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 Limited

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: 07123946 (England and Wales)





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

Derdo Limited (Registered number: 07123946)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 882,000 840,000

CURRENT ASSETS
Debtors 5 599,285 442,348

CREDITORS
Amounts falling due within one year 6 461,229 363,240
NET CURRENT ASSETS 138,056 79,108
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,020,056

919,108

CREDITORS
Amounts falling due after more than one
year

7

(412,522

)

(419,279

)

PROVISIONS FOR LIABILITIES (32,542 ) (24,562 )
NET ASSETS 574,992 475,267

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 138,732 104,712
Retained earnings 436,160 370,455
SHAREHOLDERS' FUNDS 574,992 475,267

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 Limited (Registered number: 07123946)

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 7 August 2024 and were signed by:





K Aslan - Director


Derdo Limited (Registered number: 07123946)

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

1. STATUTORY INFORMATION

Derdo 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.

Turnover
Rent received represents turnover in the year.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 840,000
Revaluations 42,000
At 31 January 2024 882,000
NET BOOK VALUE
At 31 January 2024 882,000
At 31 January 2023 840,000

Investment properties were valued using the market data by the director on the 31/01/2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 584,285 427,348
Other debtors 15,000 15,000
599,285 442,348

Derdo Limited (Registered number: 07123946)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,371 11,984
Trade creditors 1,706 1,340
Taxation and social security 58,623 40,580
Other creditors 391,529 309,336
461,229 363,240

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 412,522 419,279

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 384,410 380,677

8. RESERVES
Fair
value
reserve
£   
At 1 February 2023 104,712
Revaluation reserve 34,020

At 31 January 2024 138,732