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REGISTERED NUMBER: 10625913 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Derradda Properties Limited

Derradda Properties Limited (Registered number: 10625913)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Derradda Properties Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: C F McHugh





SECRETARY:





REGISTERED OFFICE: Kingfisher House
21-23 Elmfield Road
Bromley
Kent
BR1 1LT





REGISTERED NUMBER: 10625913 (England and Wales)





ACCOUNTANTS: Numbers and Beyond
Kingfisher House
21-23 Elmfield Road
Bromley
Kent
BR1 1LT

Derradda Properties Limited (Registered number: 10625913)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,493 11,116
Tangible assets 5 194,845 190,904
203,338 202,020

CURRENT ASSETS
Debtors 6 81,883 27,513
Cash at bank and in hand 205,377 160,458
287,260 187,971
CREDITORS
Amounts falling due within one year 7 591,174 460,897
NET CURRENT LIABILITIES (303,914 ) (272,926 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(100,576

)

(70,906

)

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (100,696 ) (71,026 )
(100,576 ) (70,906 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 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 26 November 2024 and were signed by:





C F McHugh - Director


Derradda Properties Limited (Registered number: 10625913)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Derradda 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its useful life:
- Office equipment 20%
- Fixtures and fittings 20%
- Computer equipment 25%
- Other plant and machinery 10%

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Derradda Properties Limited (Registered number: 10625913)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 13,116
AMORTISATION
At 1 March 2023 2,000
Charge for year 2,623
At 29 February 2024 4,623
NET BOOK VALUE
At 29 February 2024 8,493
At 28 February 2023 11,116

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 417,363
Additions 48,352
At 29 February 2024 465,715
DEPRECIATION
At 1 March 2023 226,459
Charge for year 44,411
At 29 February 2024 270,870
NET BOOK VALUE
At 29 February 2024 194,845
At 28 February 2023 190,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 52,370 4,574
Other debtors 29,513 22,939
81,883 27,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade creditors 14,602 12,788
Taxation and social security 34,675 16,802
Other creditors 541,897 431,307
591,174 460,897