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REGISTERED NUMBER: 07929599 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DEROL LIMITED

DEROL LIMITED (REGISTERED NUMBER: 07929599)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DEROL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: A S C Singer





REGISTERED OFFICE: 59 Queen Elizabeths Walk
Stoke Newington
London
N16 5UG





REGISTERED NUMBER: 07929599 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

DEROL LIMITED (REGISTERED NUMBER: 07929599)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 168
Investment property 6 - 380,000
- 380,168

CURRENT ASSETS
Debtors 7 365,488 300
Cash at bank 396 1,096
365,884 1,396
CREDITORS
Amounts falling due within one year 8 (164,318 ) (163,899 )
NET CURRENT ASSETS/(LIABILITIES) 201,566 (162,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,566

217,665

PROVISIONS FOR LIABILITIES - (20,834 )
NET ASSETS 201,566 196,831

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 113,855 113,855
Fair value reserve 10 - 15,512
Retained earnings 10 87,710 67,463
SHAREHOLDERS' FUNDS 201,566 196,831

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.

DEROL LIMITED (REGISTERED NUMBER: 07929599)

STATEMENT OF FINANCIAL POSITION - 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 and authorized for issue by the director and authorised for issue on 30 October 2024 and were signed by:





A S C Singer - Director


DEROL LIMITED (REGISTERED NUMBER: 07929599)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Derol 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment properties are properties held to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition:
a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

4. EMPLOYEES AND DIRECTORS

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

DEROL LIMITED (REGISTERED NUMBER: 07929599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 790
DEPRECIATION
At 1 February 2023 622
Charge for year 168
At 31 January 2024 790
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 168

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 380,000
Disposals (364,488 )
Revaluations (15,512 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 380,000

Investment property fair value is based on a valuation by an external, independent valuator, having an appropriate recognised professional qualification and recent experience in the location and class of the property being valued.

Any gain or loss arising from a change in fair value is recognised in profit or loss.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2015 131,742
Valuation in 2021 15,512
147,254

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 365,488 300

DEROL LIMITED (REGISTERED NUMBER: 07929599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 209 209
Other creditors 162,789 162,790
Accrued expenses 1,320 900
164,318 163,899

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Fair
Retained Revaluation value
earnings reserve reserve Totals
£    £    £    £   

At 1 February 2023 67,463 113,855 15,512 196,830
Profit for the year 4,735 4,735
Revaluation 15,512 - (15,512 ) -
At 31 January 2024 87,710 113,855 - 201,565

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A S C Singer.