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REGISTERED NUMBER: 02298855 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

D.& R. DEVELOPMENTS LIMITED

D.& R. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02298855)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D.& R. DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: T J Riley





REGISTERED OFFICE: Troubridge
Station Road
John O'Gaunt
Melton Mowbray
Leicestershire
LE14 2RE





REGISTERED NUMBER: 02298855 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

D.& R. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02298855)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 327,880 324,630

CURRENT ASSETS
Debtors 5 6,000 -
Cash at bank 27,523 13,984
33,523 13,984
CREDITORS
Amounts falling due within one year 6 250,354 241,777
NET CURRENT LIABILITIES (216,831 ) (227,793 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,049

96,837

CAPITAL AND RESERVES
Called up share capital 7 150,002 150,002
Retained earnings 8 (38,953 ) (53,165 )
SHAREHOLDERS' FUNDS 111,049 96,837

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 director and authorised for issue on 7 March 2025 and were signed by:





T J Riley - Director


D.& R. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02298855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

D.& R. Developments 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. 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

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.

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

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.


D.& R. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02298855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 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. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 July 2023 324,630
Revaluations 3,250
At 30 June 2024 327,880
NET BOOK VALUE
At 30 June 2024 327,880
At 30 June 2023 324,630

Cost or valuation at 30 June 2024 is represented by:
£   
Valuation in 2021 306,000
Valuation in 2022 9,180
Valuation in 2023 9,450
Valuation in 2024 3,250
327,880

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 6,000 -

D.& R. DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02298855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,571 -
VAT 1,049 1,083
Other creditors 135,331 135,331
T R Services Ltd 42,922 36,922
Directors' current accounts 15,337 15,337
Accruals and deferred income 52,544 52,544
Accrued expenses 600 560
250,354 241,777

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150,002 Ordinary £1 150,002 150,002

8. RESERVES
Retained
earnings
£   

At 1 July 2023 (53,165 )
Profit for the year 14,212
At 30 June 2024 (38,953 )

9. RELATED PARTY DISCLOSURES

The balance on the director's loan account is shown within 'creditors' on the balance sheet. At 30 June 2024 an amount of £42,922 (2023 £36,922) was due to T R Services (UK) Limited, a company controlled by the director Mr T J Riley.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T J and Miss S Riley.