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Durris Properties Limited

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 May 2024






Durris Properties Limited (Registered number: 08549467)






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




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Durris Properties Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J M Silvester





SECRETARY: R Silvester





REGISTERED OFFICE: 6 Southgate Villas
St James Lane
Winchester
Hampshire
SO23 9SG





REGISTERED NUMBER: 08549467 (England and Wales)





ACCOUNTANTS: David Tilsley Limited
91 Lakewood Road
Chandlers Ford
Eastleigh
Hampshire
SO53 5AD

Durris Properties Limited (Registered number: 08549467)

Report of the Director
for the Year Ended 31 May 2024

The director presents his report with the financial statements of the company for the year ended 31 May 2024.

DIRECTOR
J M Silvester held office during the whole of the period from 1 June 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J M Silvester - Director


18 October 2024

Durris Properties Limited (Registered number: 08549467)

Income Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
Notes £    £   

TURNOVER - -

Administrative expenses 12,194 20,635
(12,194 ) (20,635 )

Other operating income 26,166 15,300
OPERATING PROFIT/(LOSS) 4 13,972 (5,335 )

Interest receivable and similar income 1 13
PROFIT/(LOSS) BEFORE TAXATION 13,973 (5,322 )

Tax on profit/(loss) 5 1,594 151
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

12,379

(5,473

)

Durris Properties Limited (Registered number: 08549467)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 544,931 545,426

CURRENT ASSETS
Debtors 7 4,274 4,061
Cash at bank 29,189 13,685
33,463 17,746
CREDITORS
Amounts falling due within one year 8 473,060 470,167
NET CURRENT LIABILITIES (439,597 ) (452,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,334

93,005

PROVISIONS FOR LIABILITIES 101 151
NET ASSETS 105,233 92,854

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 105,232 92,853
SHAREHOLDERS' FUNDS 105,233 92,854

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

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 18 October 2024 and were signed by:





J M Silvester - Director


Durris Properties Limited (Registered number: 08549467)

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

1. STATUTORY INFORMATION

Durris Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on cost and 25% on cost

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 ) .

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

31.5.24 31.5.23
£    £   
Depreciation - owned assets 495 496

Durris Properties Limited (Registered number: 08549467)

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

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.5.24 31.5.23
£    £   
Current tax:
UK corporation tax 1,644 -

Deferred tax (50 ) 151
Tax on profit/(loss) 1,594 151

6. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 543,940 1,982 159 546,081
DEPRECIATION
At 1 June 2023 - 496 159 655
Charge for year - 495 - 495
At 31 May 2024 - 991 159 1,150
NET BOOK VALUE
At 31 May 2024 543,940 991 - 544,931
At 31 May 2023 543,940 1,486 - 545,426

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 500 438
Tax - 11
Accrued income 161 161
Prepayments 3,613 3,451
4,274 4,061

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 1,633 -
Directors' current accounts 458,761 458,449
deferred income 11,177 10,363
Accrued expenses 1,489 1,355
473,060 470,167

Durris Properties Limited (Registered number: 08549467)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
J M Silvester
Balance outstanding at start of year (458,449 ) (448,137 )
Amounts repaid (312 ) (10,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (458,761 ) (458,449 )