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REGISTERED NUMBER: 10961915 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

DURRANT ESTATES LTD

DURRANT ESTATES LTD (REGISTERED NUMBER: 10961915)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DURRANT ESTATES LTD

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: M C Durrant
Mrs S Durrant





REGISTERED OFFICE: 124 Thorpe Road
Norwich
Norfolk
NR1 1RS





REGISTERED NUMBER: 10961915 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

DURRANT ESTATES LTD (REGISTERED NUMBER: 10961915)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 282,911 229,036

CURRENT ASSETS
Stocks 46,986 46,986
Debtors 5 9,100 1
Cash at bank 386,419 247,718
442,505 294,705
CREDITORS
Amounts falling due within one year 6 1,569 1,629
NET CURRENT ASSETS 440,936 293,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

723,847

522,112

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 723,747 522,012
723,847 522,112

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 12 February 2025 and were signed on its behalf by:





M C Durrant - Director


DURRANT ESTATES LTD (REGISTERED NUMBER: 10961915)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Durrant Estates 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment
Other investments are measured at cost less impairment.

Fixed asset investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

DURRANT ESTATES LTD (REGISTERED NUMBER: 10961915)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 229,036
Additions 80,967
Disposals (36,364 )
Revaluations 9,272
At 30 September 2024 282,911
NET BOOK VALUE
At 30 September 2024 282,911
At 30 September 2023 229,036

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2024 5,323
Cost 277,588
282,911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,100 -
Directors' current accounts - 1
Deferred tax asset 5,000 -
9,100 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 1,569 1,629

7. RESERVES

Included within retained earnings is £717,747 distributable reserves and £2,032 of non-distributable reserves.

8. RELATED PARTY DISCLOSURES

The company owns 23.8% of the shares in i4me Limited (company no. 09777503). Dividends were received in the year totalling £260,610 (2023 £191,114).

The company owns 2% of the shares in JCM Cloud Limited (company no. 11760046). Mr M C Durrant is a director. Dividends were received in the year totalling £1,300 (2023 £1,519).