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REGISTERED NUMBER: 01783492 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

DERNPORT LIMITED

DERNPORT LIMITED (REGISTERED NUMBER: 01783492)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DERNPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr M V Patel
Mr S V Patel





REGISTERED OFFICE: 23 Upper Tulse Hill
London
SW2 2SD





REGISTERED NUMBER: 01783492 (England and Wales)






DERNPORT LIMITED (REGISTERED NUMBER: 01783492)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,208 1,814
Tangible assets 5 10,638 13,332
Investments 6 139,864 133,500
151,710 148,646

CURRENT ASSETS
Stocks 37,358 22,763
Debtors 7 27,121 29,284
Cash at bank and in hand 175,928 174,751
240,407 226,798
CREDITORS
Amounts falling due within one year 8 179,455 165,276
NET CURRENT ASSETS 60,952 61,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,662

210,168

CAPITAL AND RESERVES
Called up share capital 9 15,000 15,000
Retained earnings 197,662 195,168
SHAREHOLDERS' FUNDS 212,662 210,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 10th January 2025 and were signed on its behalf by:





Mr M V Patel - Director


DERNPORT LIMITED (REGISTERED NUMBER: 01783492)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1987, is being amortised evenly over its estimated useful life of twenty years.

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 nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Fixed asset investments
Fixed asset investments are stated at market value less any provision for permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

DERNPORT LIMITED (REGISTERED NUMBER: 01783492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 56,700 3,023 59,723
AMORTISATION
At 1st April 2023 56,699 1,210 57,909
Charge for year 1 605 606
At 31st March 2024 56,700 1,815 58,515
NET BOOK VALUE
At 31st March 2024 - 1,208 1,208
At 31st March 2023 1 1,813 1,814

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 63,483
DEPRECIATION
At 1st April 2023 50,151
Charge for year 2,694
At 31st March 2024 52,845
NET BOOK VALUE
At 31st March 2024 10,638
At 31st March 2023 13,332

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2023 133,500
Additions 1,297
Revaluations 5,067
At 31st March 2024 139,864
NET BOOK VALUE
At 31st March 2024 139,864
At 31st March 2023 133,500

DERNPORT LIMITED (REGISTERED NUMBER: 01783492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31st March 2024 is represented by:

Other
investments
£   
Valuation in 2019 123,927
Valuation in 2020 14,792
Valuation in 2021 7,245
Valuation in 2022 4,557
Valuation in 2023 (17,021 )
Valuation in 2024 6,364
139,864

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,476 23,401
Other debtors 2,645 5,883
27,121 29,284

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 48,417 26,932
Taxation and social security 2,994 9,922
Other creditors 128,044 128,422
179,455 165,276

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,000 Ordinary 1.00 15,000 15,000

10. OTHER FINANCIAL COMMITMENTS

The Company has an operating lease for the premises it occupies of £9,500 annually, which expires in 2033.

11. RELATED PARTY DISCLOSURES

Amounts due to directors and shareholders of the company at the year-end were as follows:

2024 2023
Mr M.V. Patel (shareholder & director) £103,677 £103,677
Mrs M.M. Patel (shareholder) £8,750 £8,750
Mrs P.S. Patel (shareholder) £8,000 £8,000

12. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous by the directors and their close family, who together own 100% of the issued share capital of the company.