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Company Registration No. 11036242 (England and Wales)
DLB Developments Limited Unaudited accounts for the year ended 31 October 2024
DLB Developments Limited Unaudited accounts Contents
Page
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DLB Developments Limited Company Information for the year ended 31 October 2024
Director
Lee Michael Baxter
Company Number
11036242 (England and Wales)
Registered Office
Birchwood, Slaugham Lane Warninglid Haywards Heath West Sussex RH17 5TH
Accountants
Plus Sum Limited 28 Dutchells Copse Horsham West Sussex RH12 5PD
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DLB Developments Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
375,000 
370,000 
Current assets
Cash at bank and in hand
2,536 
1,643 
Creditors: amounts falling due within one year
(172,781)
(172,354)
Net current liabilities
(170,245)
(170,711)
Total assets less current liabilities
204,755 
199,289 
Creditors: amounts falling due after more than one year
(136,216)
(139,351)
Provisions for liabilities
Deferred tax
(6,460)
(5,510)
Net assets
62,079 
54,428 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
62,069 
54,418 
Shareholders' funds
62,079 
54,428 
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 February 2025 and were signed on its behalf by
Lee Michael Baxter Director Company Registration No. 11036242
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DLB Developments Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
DLB Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 11036242. The registered office is Birchwood, Slaugham Lane, Warninglid, Haywards Heath, West Sussex, RH17 5TH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 November 2023
370,000 
Net gain from fair value adjustments
5,000 
At 31 October 2024
375,000 
The property was bought in January 2018. The Director has valued the property at £343,000 at 31st October 2020.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,405 
13,405 
Taxes and social security
846 
419 
Loans from directors
158,090 
158,090 
Accruals
440 
440 
172,781 
172,354 
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DLB Developments Limited Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
136,216 
139,351 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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