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DEUCALION LIMITED

Registered Number
02358882
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

DEUCALION LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

Geoffrey Randall
Hugo Scott

Company Secretary

Geoffrey Randall

Registered Address

9 The Clares
Caterham
CR3 6RW

Registered Number

02358882 (England and Wales)
DEUCALION LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments344
44
Current assets
Debtors41,884,1971,932,553
1,884,1971,932,553
Creditors amounts falling due within one year5(330,280)(328,348)
Net current assets (liabilities)1,553,9171,604,205
Total assets less current liabilities1,553,9211,604,209
Creditors amounts falling due after one year6(2,031,688)(1,934,333)
Net assets(477,767)(330,124)
Capital and reserves
Called up share capital31,80031,800
Other reserves118,202118,202
Profit and loss account(627,769)(480,126)
Shareholders' funds(477,767)(330,124)
The financial statements were approved and authorised for issue by the Board of Directors on 19 May 2025, and are signed on its behalf by:
Geoffrey Randall
Director
Registered Company No. 02358882
DEUCALION LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover comprises the fair value of the consideration received or receivable from the sale of properties and rents in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses.
Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Fixed asset investments

Total

£
Cost or valuation
At 01 September 234
At 31 August 244
Net book value
At 31 August 244
At 31 August 234
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings1,874,1651,922,165
Other debtors1,3001,300
Prepayments and accrued income8,7329,088
Total1,884,1971,932,553
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties326,048326,048
Other creditors3,2311,300
Accrued liabilities and deferred income1,0011,000
Total330,280328,348
6.Creditors: amounts due after one year

2024

2023

££
Other creditors2,031,6881,934,333
Total2,031,6881,934,333
7.Share capital
The company has issued share capital of 30,000 ordinary share of £1 each and 9 preference shares of £200 each. There have been no changes in the year.
8.Related party transactions
Summary of transactions with all subsidiaries At the year end Deucalion (Kent) Ltd owed the company £1,632,935 (2023: £1,674,365). The loan to Deucalion (Kent) Ltd is repayable on demand and bears interest at 3.5% At the year end Deucalion Residential Ltd owed the company £241,229 (2023: £247,799). The loan to Deucalion Residential Ltd is repayable on demand and is interest free. Other creditors At the year end the company owed £228,581 (2023: £215,091) to Arminius Ltd. Other creditors due after one year Included in the carrying amount of other creditors at year end is £1,803,107 (2023 - £1,719,241). The loan is made up of a non current loan from a director. The loan has no fixed date for repayment. It is considered by the directors that this loan is not repayable within twelve months of the balance sheet date. Interest is payable on this loan at a daily rate of 3.25% per annum above Barclays base rate.
9.Parent-subsidiary relationships
Deucalion Ltd holds 100% of the shares in Deucalion (Kent) Ltd. The principal activity of Deucalion (Kent) Ltd is buying and selling of property. Deucalion Ltd holds 100% of the shares in Deucalion Residential Ltd. The principal activity of Deucalion Residential Ltd is property investment.