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REGISTERED NUMBER: 02589524 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DIRIGE LIMITED

DIRIGE LIMITED (REGISTERED NUMBER: 02589524)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIRIGE LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: A K Aldridge
Mrs S F Aldridge
A M Aldridge
J D Aldridge
M A Aldridge





SECRETARY: Mrs S F Aldridge





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 02589524 (England and Wales)





ACCOUNTANTS: LDP Luckmans
Chartered Accountants
1110 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
West Midlands
CV5 6UB

DIRIGE LIMITED (REGISTERED NUMBER: 02589524)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,640 3,389
Investments 5 22,561 22,561
Investment property 6 1,675,000 1,997,500
1,700,201 2,023,450

CURRENT ASSETS
Debtors 7 9,559 1,819
Cash at bank 404,843 184,083
414,402 185,902
CREDITORS
Amounts falling due within one year 8 241,416 317,038
NET CURRENT ASSETS/(LIABILITIES) 172,986 (131,136 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,873,187

1,892,314

PROVISIONS FOR LIABILITIES 54,695 58,727
NET ASSETS 1,818,492 1,833,587

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 368,491 409,215
Retained earnings 1,449,001 1,423,372
SHAREHOLDERS' FUNDS 1,818,492 1,833,587

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

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

The directors acknowledge their 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.

DIRIGE LIMITED (REGISTERED NUMBER: 02589524)

BALANCE SHEET - continued
31 March 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 Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





A K Aldridge - Director


DIRIGE LIMITED (REGISTERED NUMBER: 02589524)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Dirige 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
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.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 400 10,763 6,714 17,877
DEPRECIATION
At 1 April 2023 378 7,892 6,218 14,488
Charge for year 3 287 459 749
At 31 March 2024 381 8,179 6,677 15,237
NET BOOK VALUE
At 31 March 2024 19 2,584 37 2,640
At 31 March 2023 22 2,871 496 3,389

DIRIGE LIMITED (REGISTERED NUMBER: 02589524)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2023
and 31 March 2024 22,561
NET BOOK VALUE
At 31 March 2024 22,561
At 31 March 2023 22,561

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,997,500
Disposals (322,500 )
At 31 March 2024 1,675,000
NET BOOK VALUE
At 31 March 2024 1,675,000
At 31 March 2023 1,997,500

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2004 263,094
Valuation in 2005 (128,555 )
Valuation in 2009 83,943
Valuation in 2016 69,955
Valuation in 2021 109,749
Valuation in 2022 25,000
Cost 1,251,814
1,675,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,251,814 1,527,548

Investment properties were valued on an open market basis on 31st March 2024 by the Directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,400 -
Prepayments 1,159 1,819
9,559 1,819

DIRIGE LIMITED (REGISTERED NUMBER: 02589524)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 17,750 18,639
Company Credit Card 630 213
Directors' current accounts 220,501 279,520
Accrued expenses 2,535 18,666
241,416 317,038

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 409,215
Transfer (40,724 )

At 31 March 2024 368,491