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REGISTERED NUMBER: 05794095 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

D & E PROPERTIES (NORTHERN) LTD

D & E PROPERTIES (NORTHERN) LTD (REGISTERED NUMBER: 05794095)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & E PROPERTIES (NORTHERN) LTD

COMPANY INFORMATION
for the Year Ended 30th April 2024







DIRECTOR: J M Ollerenshaw





SECRETARY: Mrs M L Ollerenshaw





REGISTERED OFFICE: 15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB





REGISTERED NUMBER: 05794095 (England and Wales)





ACCOUNTANTS: D E Ball & Co Limited
Chartered Accountants
15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB

D & E PROPERTIES (NORTHERN) LTD (REGISTERED NUMBER: 05794095)

BALANCE SHEET
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 906,000 906,000

CURRENT ASSETS
Cash at bank 15,219 14,659

CREDITORS
Amounts falling due within one year 5 453,440 372,668
NET CURRENT LIABILITIES (438,221 ) (358,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

467,779

547,991

CREDITORS
Amounts falling due after more than one
year

6

(214,296

)

(315,258

)

PROVISIONS FOR LIABILITIES (33,400 ) (25,400 )
NET ASSETS 220,083 207,333

CAPITAL AND RESERVES
Called up share capital 8 500 500
Retained earnings 219,583 206,833
SHAREHOLDERS' FUNDS 220,083 207,333

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

D & E PROPERTIES (NORTHERN) LTD (REGISTERED NUMBER: 05794095)

BALANCE SHEET - continued
30th April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th January 2025 and were signed by:





J M Ollerenshaw - Director


D & E PROPERTIES (NORTHERN) LTD (REGISTERED NUMBER: 05794095)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

D & E Properties (Northern) Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - not provided

The properties have been included in the balance sheet as investment properties. Costs of repairs and maintenance are charged against revenue in the period in which they are incurred.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

D & E PROPERTIES (NORTHERN) LTD (REGISTERED NUMBER: 05794095)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1st May 2023
and 30th April 2024 906,000
NET BOOK VALUE
At 30th April 2024 906,000
At 30th April 2023 906,000

Fixed assets comprise investment properties.The assets are stated at valuation , in the director's opinion, no independent valuation has been sought.

Cost or valuation at 30th April 2024 is represented by:

Land and
buildings
£   
Valuation in 2020 906,000

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

30.4.24 30.4.23
£    £   
Cost 772,289 772,289

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 19,000
Taxation and social security 4,931 3,102
Other creditors 438,509 350,566
453,440 372,668

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 214,296 315,258

Amounts falling due in more than five years:

Repayable by instalments
Bank loan due in more than 5
years by instalments 174,296 239,258
174,296 239,258

D & E PROPERTIES (NORTHERN) LTD (REGISTERED NUMBER: 05794095)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 224,296 334,258

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
500 Share capital 1 £1 500 500