4 January 2024 false No description of principal activity Taxfiler 2024.6 15386916business:PrivateLimitedCompanyLtd2024-01-042025-03-31 153869162024-01-03 153869162024-01-042025-03-31 15386916business:AuditExemptWithAccountantsReport2024-01-042025-03-31 15386916business:FilletedAccounts2024-01-042025-03-31 153869162025-03-31 15386916business:Director12024-01-042025-03-31 15386916business:Director22024-01-042025-03-31 15386916business:RegisteredOffice2024-01-042025-03-31 15386916core:WithinOneYear2025-03-31 15386916core:AfterOneYear2025-03-31 15386916core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 15386916core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 15386916core:PreviouslyStatedAmount2025-03-31 15386916business:SmallEntities2024-01-042025-03-31 15386916countries:EnglandWales2024-01-042025-03-31 15386916core:AfterOneYear2024-01-042025-03-31 iso4217:GBP xbrli:pure
Company Registration No. 15386916 (England and Wales)
Deerfield Properties Ltd Unaudited accounts for the period from 4 January 2024 to 31 March 2025
Deerfield Properties Ltd Unaudited accounts Contents
Page
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Deerfield Properties Ltd Company Information for the period from 4 January 2024 to 31 March 2025
Directors
Philip Harris Laura Harris
Company Number
15386916 (England and Wales)
Registered Office
16 Weston Close Rearsby Leicester Leicestershire LE7 4DA England
Accountants
Brambillow Accounting Ltd Brookhouse Cranoe Road Welham Leicestershire LE16 7UH
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Deerfield Properties Ltd Statement of financial position as at 31 March 2025
2025 
Notes
£ 
Fixed assets
Investment property
138,378 
Current assets
Debtors
109 
Cash at bank and in hand
584 
693 
Creditors: amounts falling due within one year
(42,072)
Net current liabilities
(41,379)
Total assets less current liabilities
96,999 
Creditors: amounts falling due after more than one year
(97,465)
Net liabilities
(466)
Capital and reserves
Called up share capital
1 
Profit and loss account
(467)
Shareholders' funds
(466)
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Philip Harris Director Company Registration No. 15386916
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Deerfield Properties Ltd Notes to the Accounts for the period from 4 January 2024 to 31 March 2025
1
Statutory information
Deerfield Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 15386916. The registered office is 16 Weston Close, Rearsby, Leicester, Leicestershire, LE7 4DA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Comparative Financial Data
The Company was incorporated on 4 January 2024. Consequently, the period ended 31 March 2025 is the Company's first period of account and there is no comparative financial data.
4
Investment property
2025 
£ 
Additions
138,378 
At 31 March 2025
138,378 
Investment property comprises £138,378. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
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Deerfield Properties Ltd Notes to the Accounts for the period from 4 January 2024 to 31 March 2025
5
Debtors
2025 
£ 
Amounts falling due within one year
Deferred tax asset
109 
6
Creditors: amounts falling due within one year
2025 
£ 
Loans from directors
42,072 
7
Creditors: amounts falling due after more than one year
2025 
£ 
Bank loans
97,465 
Long term creditors are secured against the investment properties to which they relate.
8
Transactions with related parties
At 31 March 2025, included within creditors is an amount of £42,072 which was due from the Company to the Director. The following conditions are attached to all amounts payable: (1) interest is not charged on any amounts outstanding; (2) No fixed date has been set for the amount to be repaid by the Company.
9
Average number of employees
During the period the average number of employees was 0.
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