Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 December 2024
Directors | |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 3 | |||||||
Investment property | 4 | |||||||
Current assets | ||||||||
Debtors | 5,6 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 7 | ( | ( | |||||
Net current assets (liabilities) | ||||||||
Total assets less current liabilities | ||||||||
Creditors amounts falling due after one year | 8 | ( | ( | |||||
Provisions for liabilities | 11 | ( | ( | |||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Revaluation reserve | ||||||||
Profit and loss account | ||||||||
Shareholders' funds | 13 |
The financial statements were approved and authorised for issue by the Board of Directors on 9 April 2025, and are signed on its behalf by: |
Director |
Director Registered Company No. 10415214 |
1. | Accounting policies |
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Statutory information | |
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Basis of preparation | |
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Functional and presentation currency | |
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Turnover policy | |
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Defined contribution pension plan | |
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Current taxation | |
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Deferred tax | |
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Tangible fixed assets and depreciation | |
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Reducing balance (%) | ||
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Vehicles |
Investment property | |
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Trade and other debtors | |
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Trade and other creditors | |
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Financial instruments | |
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2. | Average number of employees |
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2024 | 2023 | |||
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Average number of employees during the year |
3. | Tangible fixed assets |
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Vehicles | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 January 24 | ||||
Additions | ||||
At 31 December 24 | ||||
Depreciation and impairment | ||||
At 01 January 24 | ||||
Charge for year | ||||
At 31 December 24 | ||||
Net book value | ||||
At 31 December 24 | ||||
At 31 December 23 |
4. | Investment property |
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On 31 December 2021 the directors valued the investment properties on an open market value for existing use basis. It is the opinion of the directors that this valuation has not materially altered at the Balance Sheet date. Had the property been measured at historical cost the amount would have been £759,910 (2023: £943,371). |
£ | ||
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Fair value at 01 January 24 | ||
Additions | ||
Disposals | ( | |
At 31 December 24 |
5. | Debtors: amounts due within one year |
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2024 | 2023 | |||
---|---|---|---|---|
£ | £ | |||
Trade debtors / trade receivables | ||||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
6. | Debtors: amounts due after one year |
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2024 | 2023 | |||
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£ | £ | |||
Other debtors | ||||
Total |
7. | Creditors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
8. | Creditors: amounts due after one year |
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2024 | 2023 | |||
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£ | £ | |||
Bank borrowings and overdrafts | ||||
Total |
9. | Creditors: amounts due after 5 years |
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10. | Secured creditors |
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Mortgage loans to purchase investment properties are secured on the relevant properties. |
11. | Provisions for liabilities |
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2024 | 2023 | |||
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£ | £ | |||
Net deferred tax liability (asset) | ||||
Total |
12. | Directors advances, credits and guarantees |
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13. | Revaluation reserve |
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The revaluation reserve represents the amount of unrealised surplus created when the investment property was revalued. The reserve represents non-distributable funds. |
£ | ||
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Reserve at 01 January 24 | ||
At 31 December 24 |
14. | Related party transactions |
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15. | Controlling party |
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The company's parent undertaking and controlling party is DMRS Holdings Limited, a company registered in England and Wales, company number 12329337. The parent company's registered office is Park Lane Depot, Balne, Goole, DN14 0EP. |
16. | Parent-subsidiary relationships |
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