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Company Registration No. 11109292 (England and Wales)
Durdent Properties Ltd Unaudited accounts for the year ended 30 November 2023
Durdent Properties Ltd Unaudited accounts Contents
Page
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Durdent Properties Ltd Company Information for the year ended 30 November 2023
Director
Sally Anee CAKEBREAD
Company Number
11109292 (England and Wales)
Registered Office
Savay Farm Savay Lane Denham Uxbridge Middlesex UB9 5NJ England
Accountants
The Peek Partnership Limited Unit 1, Chancerygate Business Center Stonefield Way Ruislip Middlesex HA4 0JA
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Durdent Properties Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
8,287,000 
7,801,769 
Current assets
Debtors
9,332 
1,508 
Cash at bank and in hand
60,021 
58,987 
69,353 
60,495 
Creditors: amounts falling due within one year
(117,304)
(152,412)
Net current liabilities
(47,951)
(91,917)
Total assets less current liabilities
8,239,049 
7,709,852 
Creditors: amounts falling due after more than one year
(5,070,155)
(5,025,939)
Provisions for liabilities
Deferred tax
(130,273)
(8,965)
Net assets
3,038,621 
2,674,948 
Capital and reserves
Called up share capital
1,100 
1,100 
Share premium
2,776,740 
2,776,740 
Revaluation reserve
38,220 
38,220 
Profit and loss account
222,561 
(141,112)
Shareholders' funds
3,038,621 
2,674,948 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2024 and were signed on its behalf by
Sally Anee CAKEBREAD Director Company Registration No. 11109292
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Durdent Properties Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Durdent Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11109292. The registered office is Savay Farm, Savay Lane, Denham, Uxbridge, Middlesex, UB9 5NJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Durdent Properties Ltd Notes to the Accounts for the year ended 30 November 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2023 
£ 
Fair value at 1 December 2022
7,801,769 
Net gain from fair value adjustments
485,231 
At 30 November 2023
8,287,000 
Investment property comprises freehold and leasehold properties. The fair value of the investment properties has been revalued by the director at balance sheet date.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
9,332 
1,508 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,870 
- 
Taxes and social security
(94)
- 
Loans from directors
100,028 
116,210 
Accruals
7,500 
32,432 
Deferred income
- 
3,770 
117,304 
152,412 
Other creditors include director loan account of £94,016 Bounce back loans of £9,870 are subject to interest and monthly repayments.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,070,155 
5,025,939 
Bank loans include Mortgage loans of £5,054,146. Mortgage loans are Interest only and secured against the Investment properties. Bounce back loans of £15,915 are subject to interest and monthly repayments.
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Durdent Properties Ltd Notes to the Accounts for the year ended 30 November 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Revaluation of investment property
130,273 
8,965 
2023 
2022 
£ 
£ 
Provision at start of year
8,965 
- 
Charged to the profit and loss account
121,308 
8,965 
Provision at end of year
130,273 
8,965 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
800 Ordinary shares A of £1 each
800 
800 
200 Ordinary Shares B of £1 each
200 
200 
100 Ordinary Shares s of £1 each
100 
100 
1,100 
1,100 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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