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REGISTERED NUMBER: 02722433 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DOUBLE-TEN LIMITED

DOUBLE-TEN LIMITED (REGISTERED NUMBER: 02722433)






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


DOUBLE-TEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Carl Nicholas Barnes





REGISTERED OFFICE: Victoria Spring
Wakefield Road
Heckmondike
West Yorkshire
WF15 6BE





REGISTERED NUMBER: 02722433 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

DOUBLE-TEN LIMITED (REGISTERED NUMBER: 02722433)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,187 13,892,915
Investment property 5 13,750,000 -
13,857,187 13,892,915

CURRENT ASSETS
Stocks 224,948 224,948
Debtors 6 1,104,315 669,225
Cash at bank 71,543 127,277
1,400,806 1,021,450
CREDITORS
Amounts falling due within one year 7 1,754,357 1,139,339
NET CURRENT LIABILITIES (353,551 ) (117,889 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,503,636

13,775,026

CREDITORS
Amounts falling due after more than
one year

8

(1,546,318

)

(1,941,486

)

PROVISIONS FOR LIABILITIES (1,751,082 ) (1,747,630 )
NET ASSETS 10,206,236 10,085,910

CAPITAL AND RESERVES
Called up share capital 500,000 500,000
Fair value reserve 10 6,348,692 7,279,585
Profit and loss account 3,357,544 2,306,325
10,206,236 10,085,910

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.

DOUBLE-TEN LIMITED (REGISTERED NUMBER: 02722433)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





Carl Nicholas Barnes - Director


DOUBLE-TEN LIMITED (REGISTERED NUMBER: 02722433)

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

1. STATUTORY INFORMATION

Double-Ten 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.

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.
Freehold property - Not depreciated
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


DOUBLE-TEN LIMITED (REGISTERED NUMBER: 02722433)

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

2. ACCOUNTING POLICIES - continued
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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INCOME RECOGNITION
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

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

DOUBLE-TEN LIMITED (REGISTERED NUMBER: 02722433)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 13,750,000 254,373 39,098 118,598 14,162,069
Reclassification/transfer (13,750,000 ) - - - (13,750,000 )
At 31 January 2024 - 254,373 39,098 118,598 412,069
DEPRECIATION
At 1 February 2023 - 199,433 37,009 32,712 269,154
Charge for year - 13,735 522 21,471 35,728
At 31 January 2024 - 213,168 37,531 54,183 304,882
NET BOOK VALUE
At 31 January 2024 - 41,205 1,567 64,415 107,187
At 31 January 2023 13,750,000 54,940 2,089 85,886 13,892,915

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 13,750,000
At 31 January 2024 13,750,000
NET BOOK VALUE
At 31 January 2024 13,750,000

Land and buildings were revalued at 31st January 2023 by the directors on the basis of a fair market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,950 50,789
Amounts owed by related party 872,931 447,002
Other debtors 171,434 171,434
1,104,315 669,225

DOUBLE-TEN LIMITED (REGISTERED NUMBER: 02722433)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 516,427 283,994
Trade creditors 22,945 24,924
Amounts owed to related party 890,541 643,425
Taxation and social security 222,429 137,522
Other creditors 102,015 49,474
1,754,357 1,139,339

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,546,318 1,941,486

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 334,139 834,167

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,062,745 2,225,480

The loans are secured over the Company's freehold property.

10. RESERVES
Fair
value
reserve
£   
At 1 February 2023 7,279,585
Fair value reserve (930,893 )

At 31 January 2024 6,348,692

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £10,512 (2023:£10,512 ). Contributions totalling £Nil (2022:£Nil) were payable to the fund at the year end and are included in creditors.

DOUBLE-TEN LIMITED (REGISTERED NUMBER: 02722433)

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

12. RELATED PARTY DISCLOSURES

Mr Carl Nicholas Barnes has control over the majority of shares in the company, and together with his involvement in its day-to-day management is deemed to be the controlling party for the purposes of reporting standard No.102.