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REGISTERED NUMBER: 01529360 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DENBOURNE INVESTMENTS LIMITED

DENBOURNE INVESTMENTS LIMITED (REGISTERED NUMBER: 01529360)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DENBOURNE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr Kyriacos Neocleous
Miss Angela Neocleous





SECRETARY: Mrs Keti Neocleous





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 01529360 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

DENBOURNE INVESTMENTS LIMITED (REGISTERED NUMBER: 01529360)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,215 4,353
Investment property 6 14,343,252 11,839,768
14,348,467 11,844,121

CURRENT ASSETS
Debtors 7 986,617 1,084,624
Cash at bank and in hand 100,980 97,702
1,087,597 1,182,326
CREDITORS
Amounts falling due within one year 578,792 429,694
NET CURRENT ASSETS 508,805 752,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,857,272

12,596,753

CREDITORS
Amounts falling due after more than one year 8 (3,036,642 ) (3,126,664 )

PROVISIONS FOR LIABILITIES 9 (1,534,384 ) (805,112 )
NET ASSETS 10,286,246 8,664,977

CAPITAL AND RESERVES
Called up share capital 10 193 193
Fair value reserve 11 8,742,003 6,982,187
Retained earnings 1,544,050 1,682,597
SHAREHOLDERS' FUNDS 10,286,246 8,664,977

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 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.

DENBOURNE INVESTMENTS LIMITED (REGISTERED NUMBER: 01529360)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 March 2025 and were signed on its behalf by:





Mr Kyriacos Neocleous - Director


DENBOURNE INVESTMENTS LIMITED (REGISTERED NUMBER: 01529360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Denbourne Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable from commercial and residential properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
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.

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Fair value is determined by consideration of comparable market data such as rental yields, location, condition and nature of the property. Gains and losses arising from changes in the fair value of investment properties are included in profit and loss in the period in which they arise.

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.


DENBOURNE INVESTMENTS LIMITED (REGISTERED NUMBER: 01529360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 32,107
Additions 2,599
At 31 March 2024 34,706
DEPRECIATION
At 1 April 2023 27,754
Charge for year 1,738
At 31 March 2024 29,492
NET BOOK VALUE
At 31 March 2024 5,214
At 31 March 2023 4,353

DENBOURNE INVESTMENTS LIMITED (REGISTERED NUMBER: 01529360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 11,839,768
Additions 14,395
Revaluations 2,489,089
At 31 March 2024 14,343,252
NET BOOK VALUE
At 31 March 2024 14,343,252
At 31 March 2023 11,839,768

The historical cost of investment property is £4,053,537.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 1987 673,588
Valuation in 2005 1,403,291
Valuation in 2007 1,267,592
Valuation in 2011 1,943,253
Valuation in 2016 (197,584 )
Valuation in 2021 2,696,091
Valuation in 2024 2,489,089
Cost 4,067,932
14,343,252

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors 932,643 1,036,143

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Preference shares 806 806

Repayable by instalments
Bank loans more than 5 years 2,921,845 2,921,845

DENBOURNE INVESTMENTS LIMITED (REGISTERED NUMBER: 01529360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,067 1,067
Other timing differences 1,533,317 804,045
1,534,384 805,112

Deferred
tax
£   
Balance at 1 April 2023 805,112
Provided during year 729,272
Balance at 31 March 2024 1,534,384

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 B Ordinary £0.01 £0.01 1 1
1,740 A1 Ordinary £0.01 17 17
1,740 A2 Ordinary £0.01 17 17
1,740 A3 Ordinary £0.01 17 17
1,740 A4 Ordinary £0.01 17 17
12,376 A5 Ordinary £0.01 124 124
193 193

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023 6,982,187
Revaluation 2,489,089
Deferred tax on revaluation (729,273 )

At 31 March 2024 8,742,003

DENBOURNE INVESTMENTS LIMITED (REGISTERED NUMBER: 01529360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. RELATED PARTY DISCLOSURES

Neo Properties Ltd
Denbourne Investments Limited has common shareholders with Neo Properties Ltd. At the balance sheet date, the company was owed £932,643 (2023 - £1,036,143) from Neo Properties Ltd. The loan is interest free.

13. ULTIMATE CONTROLLING PARTY

The director, Mr Kyriacos Neocleous, and his wife control the company as together they hold 100% of the voting share capital of the company.