IRIS Accounts Production v24.3.2.46 04290867 Board of Directors 1.10.23 30.9.24 30.9.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042908672023-09-30042908672024-09-30042908672023-10-012024-09-30042908672022-09-30042908672022-10-012023-09-30042908672023-09-3004290867ns15:EnglandWales2023-10-012024-09-3004290867ns14:PoundSterling2023-10-012024-09-3004290867ns10:Director12023-10-012024-09-3004290867ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3004290867ns10:SmallEntities2023-10-012024-09-3004290867ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3004290867ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3004290867ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3004290867ns10:FullAccounts2023-10-012024-09-3004290867ns10:Director22023-10-012024-09-3004290867ns10:RegisteredOffice2023-10-012024-09-3004290867ns5:CurrentFinancialInstruments2024-09-3004290867ns5:CurrentFinancialInstruments2023-09-3004290867ns5:ShareCapital2024-09-3004290867ns5:ShareCapital2023-09-3004290867ns5:RevaluationReserve2024-09-3004290867ns5:RevaluationReserve2023-09-3004290867ns5:RetainedEarningsAccumulatedLosses2024-09-3004290867ns5:RetainedEarningsAccumulatedLosses2023-09-30
REGISTERED NUMBER: 04290867 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

DENNE PROPERTIES LIMITED

DENNE PROPERTIES LIMITED (REGISTERED NUMBER: 04290867)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DENNE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs A J Adams
M G Manktelow





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





REGISTERED NUMBER: 04290867 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

DENNE PROPERTIES LIMITED (REGISTERED NUMBER: 04290867)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 5,550,000 5,550,000

CURRENT ASSETS
Debtors 4 1,025 1,850
Cash at bank 173,941 136,086
174,966 137,936
CREDITORS
Amounts falling due within one year 5 1,059,279 1,157,490
NET CURRENT LIABILITIES (884,313 ) (1,019,554 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,665,687 4,530,446

PROVISIONS FOR LIABILITIES 645,422 645,422
NET ASSETS 4,020,265 3,885,024

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 1,936,266 1,936,266
Retained earnings 2,083,997 1,948,756
SHAREHOLDERS' FUNDS 4,020,265 3,885,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 2 January 2025 and were signed on its behalf by:





M G Manktelow - Director


DENNE PROPERTIES LIMITED (REGISTERED NUMBER: 04290867)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. 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 rents receivable during the year from property letting, net of value added tax.

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 and subsequently transferred to the revaluation reserve.

2. EMPLOYEES AND DIRECTORS

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 5,550,000
NET BOOK VALUE
At 30 September 2024 5,550,000
At 30 September 2023 5,550,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2012 1,279,305
Valuation in 2013 82,215
Valuation in 2014 280,295
Valuation in 2015 312,000
Valuation in 2016 70,000
Valuation in 2017 11,324
Valuation in 2018 31,550
Valuation in 2021 480,000
Valuation in 2022 35,000
Cost 2,968,311
5,550,000

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

30.9.24 30.9.23
£    £   
Cost 2,968,311 2,968,311

Investment property was valued on an open market basis on 30 September 2024 by M G Manktelow (director) .

It is concluded that M G Manktelow has the relevant knowledge and experience to carry out these revaluations.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 1,025 1,850

DENNE PROPERTIES LIMITED (REGISTERED NUMBER: 04290867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax 43,658 35,773
Other creditors - 1,442
Directors' current accounts 1,013,871 1,118,559
Accrued expenses 1,750 1,716
1,059,279 1,157,490