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REGISTERED NUMBER: 04709007 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Dueltitan Limited

Dueltitan Limited (Registered number: 04709007)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dueltitan Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R A Eagle





SECRETARY: T Eagle





REGISTERED OFFICE: Lowood House Farm
Low Woods Lane
Belton
Loughborough
Leicestershire
LE12 9TR





REGISTERED NUMBER: 04709007 (England and Wales)





ACCOUNTANTS: DeMontfort Business Services Limited
22 DeMontfort Street
Leicester
Leicestershire
LE1 7GB

Dueltitan Limited (Registered number: 04709007)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 600,000 600,000

CURRENT ASSETS
Debtors 5 3,061 8,696
Cash at bank 110 717
3,171 9,413
CREDITORS
Amounts falling due within one year 6 3,332 1,869
NET CURRENT (LIABILITIES)/ASSETS (161 ) 7,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,839

607,544

CREDITORS
Amounts falling due after more than
one year

7

430,554

428,844
NET ASSETS 169,285 178,700

CAPITAL AND RESERVES
Called up share capital 80 80
Revaluation reserve 9 192,808 192,808
Retained earnings 9 (23,603 ) (14,188 )
SHAREHOLDERS' FUNDS 169,285 178,700

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

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

Dueltitan Limited (Registered number: 04709007)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2024 and were signed by:





R A Eagle - Director


Dueltitan Limited (Registered number: 04709007)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dueltitan 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Dueltitan Limited (Registered number: 04709007)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 600,000
NET BOOK VALUE
At 31 March 2024 600,000
At 31 March 2023 600,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2010 68,033
Valuation in 2019 130,000
Valuation in 2022 40,000
Cost 361,967
600,000

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

31.3.24 31.3.23
£    £   
Cost 361,967 361,967

Investment property was valued on an open market basis on 31 March 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,213 1,648
Other debtors 848 7,048
3,061 8,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,170 190
Taxation and social security 164 1,679
Other creditors 1,998 -
3,332 1,869

Dueltitan Limited (Registered number: 04709007)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 373,410 373,410
Amounts owed to group undertakings 1,710 -
Taxation and social security 45,226 45,226
Other creditors 10,208 10,208
430,554 428,844

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 373,410 373,410

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 (14,188 ) 192,808 178,620
Deficit for the year (9,415 ) (9,415 )
At 31 March 2024 (23,603 ) 192,808 169,205

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
R A Eagle
Balance outstanding at start of year 7,048 6,578
Amounts advanced 750 520
Amounts repaid (6,950 ) (50 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 848 7,048