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REGISTERED NUMBER: 02519642 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Demidown Limited

Demidown Limited (Registered number: 02519642)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Demidown Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs J Young
B Lees





REGISTERED OFFICE: 794 High Street
Kingswinford
West Midlands
DY6 8BQ





BUSINESS ADDRESS: 57-61 Market Place
Cannock
Staffordshire
WS11 1BP





REGISTERED NUMBER: 02519642 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Demidown Limited (Registered number: 02519642)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 176 235
Investment property 5 455,000 455,000
455,176 455,235

CURRENT ASSETS
Debtors 6 10,342 530
Cash at bank 4,923 6,061
15,265 6,591
CREDITORS
Amounts falling due within one year 7 3,533 4,573
NET CURRENT ASSETS 11,732 2,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,908

457,253

PROVISIONS FOR LIABILITIES 34 45
NET ASSETS 466,874 457,208

CAPITAL AND RESERVES
Called up share capital 8 202 202
Revaluation reserve 9 383,750 383,750
Retained earnings 9 82,922 73,256
SHAREHOLDERS' FUNDS 466,874 457,208

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

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

Demidown Limited (Registered number: 02519642)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





Mrs J Young - Director


Demidown Limited (Registered number: 02519642)

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

1. STATUTORY INFORMATION

Demidown 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.

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 each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 2 (2023 - 2 ) .

Demidown Limited (Registered number: 02519642)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 1,562
DEPRECIATION
At 1 June 2023 1,327
Charge for year 59
At 31 May 2024 1,386
NET BOOK VALUE
At 31 May 2024 176
At 31 May 2023 235

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 455,000
NET BOOK VALUE
At 31 May 2024 455,000
At 31 May 2023 455,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Directors' current accounts 9,743 -
Prepayments and accrued income 599 530
10,342 530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Tax 2,530 3,615
Directors' current accounts - 80
Accrued expenses 1,003 878
3,533 4,573

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
202 Ordinary £1 202 202

Demidown Limited (Registered number: 02519642)

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

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 June 2023 73,256 383,750 457,006
Profit for the year 10,666 10,666
Dividends (1,000 ) (1,000 )
At 31 May 2024 82,922 383,750 466,672

10. RELATED PARTY DISCLOSURES

The company paid dividends totalling £1,000 to its director Mrs J Young in the year under review.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J Young.