IRIS Accounts Production v24.3.2.46 04940414 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049404142023-12-31049404142024-12-31049404142024-01-012024-12-31049404142022-12-31049404142023-01-012023-12-31049404142023-12-3104940414ns15:EnglandWales2024-01-012024-12-3104940414ns14:PoundSterling2024-01-012024-12-3104940414ns10:Director12024-01-012024-12-3104940414ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104940414ns10:SmallEntities2024-01-012024-12-3104940414ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3104940414ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104940414ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104940414ns10:FullAccounts2024-01-012024-12-3104940414ns10:OrdinaryShareClass12024-01-012024-12-3104940414ns10:OrdinaryShareClass22024-01-012024-12-3104940414ns10:Director22024-01-012024-12-3104940414ns10:CompanySecretary12024-01-012024-12-3104940414ns10:RegisteredOffice2024-01-012024-12-3104940414ns5:CurrentFinancialInstruments2024-12-3104940414ns5:CurrentFinancialInstruments2023-12-3104940414ns5:ShareCapital2024-12-3104940414ns5:ShareCapital2023-12-3104940414ns5:SharePremium2024-12-3104940414ns5:SharePremium2023-12-3104940414ns5:RevaluationReserve2024-12-3104940414ns5:RevaluationReserve2023-12-3104940414ns5:RetainedEarningsAccumulatedLosses2024-12-3104940414ns5:RetainedEarningsAccumulatedLosses2023-12-3104940414ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104940414ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104940414ns5:DeferredTaxation2023-12-3104940414ns5:DeferredTaxation2024-01-012024-12-3104940414ns5:DeferredTaxation2024-12-3104940414ns10:OrdinaryShareClass12024-12-3104940414ns10:OrdinaryShareClass22024-12-3104940414ns5:RevaluationReserve2023-12-31
REGISTERED NUMBER: 04940414 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Durham Group Estates Limited

Durham Group Estates Limited (Registered number: 04940414)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Durham Group Estates Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: G S Jagpal
I W Wrigglesworth





SECRETARY: G S Jagpal





REGISTERED OFFICE: Portland House
Belmont Business Park
DURHAM
DH1 1TW





REGISTERED NUMBER: 04940414 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Durham Group Estates Limited (Registered number: 04940414)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,142,996 3,142,996

CURRENT ASSETS
Debtors 5 113,127 442,078
Cash at bank and in hand 1,183,745 669,949
1,296,872 1,112,027
CREDITORS
Amounts falling due within one year 6 463,884 201,831
NET CURRENT ASSETS 832,988 910,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,975,984

4,053,192

PROVISIONS FOR LIABILITIES 7 88,381 87,566
NET ASSETS 3,887,603 3,965,626

CAPITAL AND RESERVES
Called up share capital 8 200 200
Share premium 485,256 485,256
Revaluation reserve 9 225,167 225,167
Retained earnings 3,176,980 3,255,003
SHAREHOLDERS' FUNDS 3,887,603 3,965,626

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

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

Durham Group Estates Limited (Registered number: 04940414)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





G S Jagpal - Director


Durham Group Estates Limited (Registered number: 04940414)

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

1. STATUTORY INFORMATION

Durham Group Estates 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions which are under normal commercial terms

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Rental income is recognised in the period to which it relates.

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
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Durham Group Estates Limited (Registered number: 04940414)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 3,142,996
NET BOOK VALUE
At 31 December 2024 3,142,996
At 31 December 2023 3,142,996

Directors believe the valuation of investment property at the reporting date to be reflective of the current market value.

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 35,771 15,526
Other debtors 68,818 148,139
Prepayments and accrued income 8,538 2,610
113,127 166,275

Amounts falling due after more than one year:
Other debtors > 1 year - 275,803

Aggregate amounts 113,127 442,078

Durham Group Estates Limited (Registered number: 04940414)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 250,000 -
Trade creditors 3,629 1,571
Amounts owed to group undertakings 900 900
Taxation and social security 67,032 83,479
Other creditors 7,600 7,600
Directors' current accounts 41,310 6,110
Accruals and deferred income 93,413 102,171
463,884 201,831

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 88,381 87,566

Deferred
tax
£   
Balance at 1 January 2024 87,566
Provided during year 815
Balance at 31 December 2024 88,381

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 100
200 200

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 225,167

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Rudchester Estates Limited.

Durham Group Estates Limited is a wholly owned subsidiary of Rudchester Estates Limited, a company registered in England & Wales. The registered office address of Rudchester Estates Limited is Portland House, Belmont Business Park, Durham, England DH1 1TW which is also the company's principal place of business.