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REGISTERED NUMBER: 10468158 (England and Wales)





















DEPROP LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






DEPROP LIMITED (REGISTERED NUMBER: 10468158)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


DEPROP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: J G Deacon





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 10468158 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

DEPROP LIMITED (REGISTERED NUMBER: 10468158)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 491 654
Investment property 5 1,700,000 1,700,000
1,700,491 1,700,654

CURRENT ASSETS
Stocks - 148,315
Debtors 6 55,000 25,000
Cash at bank 28,589 24,495
83,589 197,810
CREDITORS
Amounts falling due within one year 7 1,041,402 1,187,947
NET CURRENT LIABILITIES (957,813 ) (990,137 )
TOTAL ASSETS LESS CURRENT LIABILITIES 742,678 710,517

CREDITORS
Amounts falling due after more than one
year

8

(569,389

)

(590,992

)

PROVISIONS FOR LIABILITIES (19,345 ) (19,394 )
NET ASSETS 153,944 100,131

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Non-distributable reserve 74,903 74,903
Retained earnings 78,041 24,228
SHAREHOLDERS' FUNDS 153,944 100,131

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

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

DEPROP LIMITED (REGISTERED NUMBER: 10468158)

BALANCE SHEET - continued
30 NOVEMBER 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:





J G Deacon - Director


DEPROP LIMITED (REGISTERED NUMBER: 10468158)

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


1. STATUTORY INFORMATION

DeProp 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

DEPROP LIMITED (REGISTERED NUMBER: 10468158)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2023
and 30 November 2024 1,373
DEPRECIATION
At 1 December 2023 719
Charge for year 163
At 30 November 2024 882
NET BOOK VALUE
At 30 November 2024 491
At 30 November 2023 654

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 December 2023
and 30 November 2024 1,700,000
NET BOOK VALUE
At 30 November 2024 1,700,000
At 30 November 2023 1,700,000

Cost or valuation at 30 November 2024 is represented by:
£   
Valuation in 2019 7,174
Valuation in 2020 22,149
Valuation in 2023 79,180
Cost 1,591,497
1,700,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 55,000 25,000

DEPROP LIMITED (REGISTERED NUMBER: 10468158)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 88,731 -
Trade creditors - 7,024
Corporation tax 14,342 4,915
Directors' current accounts 937,753 1,175,734
Accrued expenses 576 274
1,041,402 1,187,947

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans more 5 yrs non-inst 569,389 590,992

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 569,389 590,992

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 569,389 590,992

Bank mortgages have been secured by personal guarantees given by the director.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1.00 1,000 1,000