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REGISTERED NUMBER: 10227371 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2024

FOR

DU DEVELOPMENTS LIMITED

DU DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10227371)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


DU DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10227371)

BALANCE SHEET
29 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 33,148 44,196

CURRENT ASSETS
Stocks 1,245,004 334,996
Debtors 5 1,494 107
Cash at bank 13,223 330,795
1,259,721 665,898
CREDITORS
Amounts falling due within one year 6 (512,108 ) (40,733 )
NET CURRENT ASSETS 747,613 625,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

780,761

669,361

CREDITORS
Amounts falling due after more than one year 7 (162,500 ) (22,500 )

PROVISIONS FOR LIABILITIES (6,298 ) (8,397 )
NET ASSETS 611,963 638,464

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 611,961 638,462
611,963 638,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

DU DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10227371)

BALANCE SHEET - continued
29 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





J Du - Director


DU DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10227371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024


1. STATUTORY INFORMATION

DU Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10227371

Registered office: 42 Mersey Road
Sale
M33 6LF

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


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.

Turnover is recognised as the sales value provided on the completion statement for each individual property.

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
Motor vehicles - 25% on reducing balance

Stocks
Stocks represents properties held for sale and are valued at the lower of cost and net realisable value.

The cost of the stock includes the acquisition costs in addition to expenditure incurred in bringing the property to its present condition.

Net realisable value is calculated as the expected sales price less costs of sale.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


DU DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10227371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2024


2. 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 30 June 2023
and 29 June 2024 500 56,795 57,295
DEPRECIATION
At 30 June 2023 83 13,016 13,099
Charge for year 104 10,944 11,048
At 29 June 2024 187 23,960 24,147
NET BOOK VALUE
At 29 June 2024 313 32,835 33,148
At 29 June 2023 417 43,779 44,196

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,494 107

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,448 -
Taxation and social security - 5,083
Other creditors 496,660 25,650
512,108 40,733

DU DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10227371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,500 22,500
Other creditors 150,000 -
162,500 22,500