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Registered Number: 11179720
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 January 2024

for

DURBINS PROPERTY LIMITED

Directors Paul Davies
Jenna Langdon
Registered Number 11179720
Registered Office Unit 8
The Precinct Main Road
Church Village
Rhondda Cynon Taf
CF38 1SB
Accountants T J English Limited
Chartered Certified Accountants
7 Llantrisant Road
Pontyclun
Rhondda Cynon Taff
CF72 9DP
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 3,279    3,029 
3,279    3,029 
Current assets      
Debtors 4 4,201    2,424 
Cash at bank and in hand 148,877    194,276 
153,078    196,700 
Creditors: amount falling due within one year 5 (14,712)   (39,101)
Net current assets 138,366    157,599 
 
Total assets less current liabilities 141,645    160,628 
Creditors: amount falling due after more than one year 6 (13,416)   (23,188)
Provisions for liabilities 7 (623)   (576)
Net assets 127,606    136,864 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 127,605    136,864 
Shareholders' funds 127,606    136,865 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 October 2024 and were signed on its behalf by:


-------------------------------
Paul Davies
Director
2
General Information
Durbins Property Limited is a private company, limited by shares, registered in England and Wales, registration number 11179720, registration address Unit 8, The Precinct Main Road, Church Village, Rhondda Cynon Taf, CF38 1SB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 February 2023 3,001    2,221    5,222 
Additions   761    761 
Disposals    
At 31 January 2024 3,001    2,982    5,983 
Depreciation
At 01 February 2023 842    1,351    2,193 
Charge for year   511    511 
On disposals    
At 31 January 2024 842    1,862    2,704 
Net book values
Closing balance as at 31 January 2024 2,159    1,120    3,279 
Opening balance as at 01 February 2023 2,159    870    3,029 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 4,201    2,124 
Other Debtors   300 
4,201    2,424 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   37 
Bank Loans & Overdrafts 9,773    9,532 
Taxation and Social Security 4,569    22,452 
Other Creditors 370    7,080 
14,712    39,101 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 13,416    23,188 
13,416    23,188 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 623    576 
623    576 

8.

Ultimate Controlling Party

The company is a wholly owned subsidiary of Dylan Davies Property Limited, which is itself a wholly owned subsidiary of Van Paul Group Ltd.

The ultimate controlling party is Mr P Davies, due to his majority shareholding in Van Paul Group Ltd.

3