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REGISTERED NUMBER: 10367524 (England and Wales)















DEEZED LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






DEEZED LIMITED (REGISTERED NUMBER: 10367524)

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


DEEZED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: D Wagner
A Wagner
Mrs S R Wagner





REGISTERED OFFICE: 43 Oak Tree Drive
London
N20 8QJ





REGISTERED NUMBER: 10367524 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

DEEZED LIMITED (REGISTERED NUMBER: 10367524)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 349,000 -

CURRENT ASSETS
Stocks 13,921 22,861
Debtors 5 1,478 -
Cash at bank 2,547 208,585
17,946 231,446
CREDITORS
Amounts falling due within one year 6 304,268 220,204
NET CURRENT (LIABILITIES)/ASSETS (286,322 ) 11,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,678

11,242

PROVISIONS FOR LIABILITIES 10,970 -
NET ASSETS 51,708 11,242

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 46,765 -
Retained earnings 8 4,843 11,142
SHAREHOLDERS' FUNDS 51,708 11,242

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.

DEEZED LIMITED (REGISTERED NUMBER: 10367524)

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





D Wagner - Director


DEEZED LIMITED (REGISTERED NUMBER: 10367524)

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


1. STATUTORY INFORMATION

Deezed 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.

Although the Companies Act require the systematic annual depreciation of fixed assets, the directors believe the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of properties, and changes to that value, are of primary importance rather a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount that might otherwise have been included cannot be separately identified or quantified.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

DEEZED LIMITED (REGISTERED NUMBER: 10367524)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 291,265
Revaluations 57,735
At 30 September 2024 349,000
NET BOOK VALUE
At 30 September 2024 349,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 57,735
Cost 291,265
349,000

Freehold property was revalued at the year-end date to its fair value of £349,000 by the Directors, based on their online research. If the freehold property was included in the balance sheet on an historical cost basis, then the carrying amount would be £291,2651 (2023 - £NIL). The directors are of the opinion that, given the static nature of the property market in recent times, the difference between the fair value and the estimated fair value was not significant, therefore they have adopted the fair value based on their research.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,478 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 66,241 53,154
Taxation and social security - 2,600
Other creditors 238,027 164,450
304,268 220,204

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

DEEZED LIMITED (REGISTERED NUMBER: 10367524)

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


8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2023 11,142 - 11,142
Deficit for the year (6,299 ) (6,299 )
Revaluation during the year - 46,765 46,765
At 30 September 2024 4,843 46,765 51,608

9. RELATED PARTY DISCLOSURES

At the year end date, included within other creditors, amounts falling due within one year, is an amount of £10,881 (2023: £10,881) owed to the director D Z Wagner and an amount of £2,790 (2023: £2,790) owed to the director A Wagner.

At the year end date, included within other creditors, amount falling due within one year, is an amount of £66,241 (2023: £53,154) owed to Geco Property LLP.

At the year end date, included within other creditors, amount falling due within one year, is an amount of £223,457 (2023: £150,000) owed to a related parties.

These amounts are unsecured, interest free and repayable by demand.