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REGISTERED NUMBER: 12885391 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

DURHAM INVESTMENT GROUP LIMITED

DURHAM INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 12885391)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DURHAM INVESTMENT GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: H Sull
A Sull





REGISTERED OFFICE: 42 Airedale Gardens
Hetton le Hole
DH5 0EE





REGISTERED NUMBER: 12885391 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

DURHAM INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 12885391)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,241 12,537
Investment property 5 1,225,722 1,061,693
1,246,963 1,074,230

CURRENT ASSETS
Debtors 6 10,406 2,828
Cash at bank 5,706 2,443
16,112 5,271
CREDITORS
Amounts falling due within one year 7 16,849 80,181
NET CURRENT LIABILITIES (737 ) (74,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,246,226

999,320

CREDITORS
Amounts falling due after more than one
year

8

(1,090,967

)

(982,039

)

PROVISIONS FOR LIABILITIES (39,449 ) (7,056 )
NET ASSETS 115,810 10,225

CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 11 115,807 10,222
SHAREHOLDERS' FUNDS 115,810 10,225

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 12885391)

BALANCE SHEET - continued
30 SEPTEMBER 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 20 February 2025 and were signed on its behalf by:





H Sull - Director


DURHAM INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 12885391)

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

1. STATUTORY INFORMATION

Durham Investment Group 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 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.

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.

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.

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 ) .

DURHAM INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 12885391)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2023 2,246 17,412 19,658
Additions 1,999 11,307 13,306
At 30 September 2024 4,245 28,719 32,964
DEPRECIATION
At 1 October 2023 144 6,977 7,121
Charge for year 589 4,013 4,602
At 30 September 2024 733 10,990 11,723
NET BOOK VALUE
At 30 September 2024 3,512 17,729 21,241
At 30 September 2023 2,102 10,435 12,537

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,061,693
Revaluations 164,029
At 30 September 2024 1,225,722
NET BOOK VALUE
At 30 September 2024 1,225,722
At 30 September 2023 1,061,693

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 1,225,722

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 951,433 951,433

The property revaluations were conducted by Bradley Hall, an RICS registered estate agency in October 2024.

DURHAM INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 12885391)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,141 1,141
Other debtors 9,265 1,687
10,406 2,828

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 57,400
Other creditors 16,849 22,781
16,849 80,181

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 746,504 650,571
Other creditors 344,463 331,468
1,090,967 982,039

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 650,545 650,571

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 746,504 707,971

The bank loan is secured against the investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A 0.01 1 1
100 Ordinary B £0.01 1 1
100 Ordinary C £0.01 1 1
3 3

DURHAM INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 12885391)

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

11. RESERVES

The retained earnings of £115,807 are non-distributable.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
H Sull and A Sull
Balance outstanding at start of year - -
Amounts advanced 7,859 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,859 -

13. RELATED PARTY DISCLOSURES

During the year a director maintained an interest free loan to the company. At 30 September 2024 the balance on the loan was overdrawn by £7,859 (2023: credit £17,941).

During the year the company maintained a loan facility from close family members of the director. The terms of the loan were deemed at market rate.