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REGISTERED NUMBER: 11234441 (England and Wales)



















Financial Statements

for the Year Ended 31 March 2024

for

Derventio Property Limited

Derventio Property Limited (Registered number: 11234441)






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


Derventio Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C R Turner
A E Blake - Turner





REGISTERED OFFICE: 206 Crich Lane
Belper
Derbyshire
DE56 1EP





REGISTERED NUMBER: 11234441 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Derventio Property Limited (Registered number: 11234441)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 687,960 494,770

CURRENT ASSETS
Cash at bank 16,768 34,374

CREDITORS
Amounts falling due within one year 5 44,931 38,858
NET CURRENT LIABILITIES (28,163 ) (4,484 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

659,797

490,286

CREDITORS
Amounts falling due after more than one
year

6

(665,821

)

(477,975

)

PROVISIONS FOR LIABILITIES (13,300 ) (10,300 )
NET (LIABILITIES)/ASSETS (19,324 ) 2,011

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 8 56,673 43,944
Retained earnings 8 (76,007 ) (41,943 )
(19,324 ) 2,011

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.

Derventio Property Limited (Registered number: 11234441)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





C R Turner - Director


Derventio Property Limited (Registered number: 11234441)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Derventio Property 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 represents property rentals receivable. Turnover is recognised when rentals are due in accordance with the lease terms.

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

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.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 494,770
Additions 211,704
Revaluations 15,729
Impairments (34,243 )
At 31 March 2024 687,960
NET BOOK VALUE
At 31 March 2024 687,960
At 31 March 2023 494,770

Derventio Property Limited (Registered number: 11234441)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 687,960

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 674,570 457,558
Aggregate depreciation (27,883 ) (14,392 )

Investment property was valued on a fair value basis on 31 March 2024 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 2,906 1,223
Directors' loan account 40,525 36,525
Accrued expenses 1,500 1,110
44,931 38,858

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans due after one year 11,697 4,924
Other loans more 5yrs 263,989 204,975
Interest only loans 390,135 268,076
665,821 477,975

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Interest only loans 390,135 268,076

Repayable by instalments
Other loans more 5yrs 263,989 204,975

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Interest only loans 390,135 268,076

The loans are secured against the properties that they relate to.

Derventio Property Limited (Registered number: 11234441)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 (41,943 ) 43,944 2,001
Deficit for the year (21,335 ) (21,335 )
Revaluations (15,729 ) 15,729 -
Deferred taxation 3,000 (3,000 ) -
At 31 March 2024 (76,007 ) 56,673 (19,334 )

9. RELATED PARTY DISCLOSURES

During the year, the company received loans from multiple related companies. At the year end, £278,590 (2023: £211,120 ) was outstanding and included within other loans. Interest has been charged on the loans at 0.25%, with £1,552 (2023: £615) being paid in the year.