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DEUCALION RESIDENTIAL LIMITED

Registered Number
08046260
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

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

Directors

Geoffrey Randall
Hugo Scott

Registered Address

9 The Clares
Caterham
CR3 6RW

Registered Number

08046260 (England and Wales)
DEUCALION RESIDENTIAL LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments31,000,0001,000,000
1,000,0001,000,000
Current assets
Debtors46,0492,569
Cash at bank and on hand55,93630,651
61,98533,220
Creditors amounts falling due within one year5(486,266)(493,896)
Net current assets (liabilities)(424,281)(460,676)
Total assets less current liabilities575,719539,324
Provisions for liabilities6(109,575)(109,575)
Net assets466,144429,749
Capital and reserves
Called up share capital11
Revaluation reserve438,300438,300
Profit and loss account27,843(8,552)
Shareholders' funds8466,144429,749
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. 08046260
DEUCALION RESIDENTIAL 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 in relation to rental income and other services supplied 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment properties are remeasured to fair value at each balance sheet date with fair value gains and losses being reported in the profit or loss.
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
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
In accordance with the accounting policy, the investment property is included at fair value. The property was last revalued by the directors at 31 August 2023 on an existing use open market value basis. The directors consider that the cost of the long leasehold interest in the balance sheet at that date is a fair representation of the value of the property at the year end. There has been no valuation of the investment property by an independent valuer.

Total

£
Cost or valuation
At 01 September 231,000,000
At 31 August 241,000,000
Net book value
At 31 August 241,000,000
At 31 August 231,000,000
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables6,0492,549
Other debtors-20
Total6,0492,569
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables433-
Amounts owed to related parties475,476482,046
Other creditors6001,761
Accrued liabilities and deferred income9,75710,089
Total486,266493,896
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)109,575109,575
Total109,575109,575
7.Share capital
The company has issued share capital of 1 ordinary share of £1 each. There have been no changes in the year.
8.Revaluation reserve

£
Reserve at 01 September 23438,300
At 31 August 24438,300
9.Parent-subsidiary relationships
The company is 100% owned by Deucalion Limited. At the year end the company owed £241,229 (2023: £247,799) to Deucalion Limited. This loan is repayable on demand and bears interest at 3.5% Deucalion Limited also owns 100% of Deucalion (Kent) limited. At the year end the company owed £234,247 (2023: £234,247) to Deucalion (Kent) Limited This loan is repayable on demand and is interest free.