Company registration number 02578496 (England and Wales)
DE LA MARTA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
DE LA MARTA LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DE LA MARTA LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
372
423
Investment property
6
350,000
350,000
350,372
350,423
Current assets
Debtors
7
43,951
45,006
Cash at bank and in hand
183,537
178,776
227,488
223,782
Creditors: amounts falling due within one year
Other creditors
8
1,751
1,650
Net current assets
225,737
222,132
Total assets less current liabilities
576,109
572,555
Provisions for liabilities
(23,339)
(23,339)
Net assets
552,770
549,216
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
552,670
549,116
Total equity
552,770
549,216
DE LA MARTA LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -

For the financial year ended 30 April 2024 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 January 2025 and are signed on its behalf by:
Mrs C J Guerrero
Director
Company registration number 02578496 (England and Wales)
DE LA MARTA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

De La Marta Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Ledsham Hall Barns, Ledsham Hall Lane, Ledsham, Ellesmere Port, Cheshire, CH66 9PE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
20% on cost
Fixtures & fittings
10% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Investment properties

Investment properties are included in the accounts at their open market values and subject to an annual revaluation review.

Deferred taxation is provided on all material timing differences and on deferred gains arising from the revaluation of investment property.

1.4
Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange rate differences are taken into account in arriving at the operating profit.

DE LA MARTA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Fair value gains and losses on investment properties
2024
2023
£
£
Fair value gains/(losses)
Changes in the fair value of investment properties
-
5,000
4
Taxation
2024
2023
£
£
Deferred tax
Tax on increase in fair value of investment propertry
-
0
950

The deferred tax charge relates to the potential tax liability if should the company's freehold investment property be sold at its fair value as recognised in the financial statements.

5
Tangible fixed assets
Office equipment
Fixtures & fittings
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
16,592
15,515
32,107
Depreciation and impairment
At 1 May 2023
16,583
15,101
31,684
Depreciation charged in the year
-
0
51
51
At 30 April 2024
16,583
15,152
31,735
Carrying amount
At 30 April 2024
9
363
372
At 30 April 2023
9
414
423
DE LA MARTA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
6
Investment property
2024
£
Fair value
At 1 May 2023 and 30 April 2024
350,000

The freehold investment property is included in the accounts at its approximate market value at the balance sheet date in the opinion of the directors amounting to £350,000 (2023 - £350,000). The original acquisition cost of the property including expenses was £238,216.

7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
43,951
45,006
8
Other creditors falling due within one year
2024
2023
£
£
Accruals and deferred income
1,751
1,650
9
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Fair value adjustments to investment property
23,339
23,339
There were no deferred tax movements in the year.

The deferred tax liability relates to the potential tax liability if should the company's freehold investment property be sold at its fair value as recognised in the financial statements.

 

10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
100
100
100
100
DE LA MARTA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
11
Directors' transactions

At 30 April 2024 outstanding advances and interest totalling £19,378 (2023: £19,305) was due from Mr M Guerrero. Interest of £430 (2023: £379) was charged by the company to Mr M Guerrero at a rate of 2.25%.

The maximum amount outstanding by Mr Guerrero during the year was £19,808.

 

At 30 April 2024 outstanding advances and interest totalling £14,766 (2023: 14,784) was due from Mrs C Guerrero. Interest of £326 (2023: £289) was charged by the company to Mrs C Guerrero at a rate of 2.25%.

The maximum amount outstanding by Mrs Guerrero during the year was £15,093.

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