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Registration number: 12327633

Delaport Investments (Weymouth) Limited

Annual Report and Unaudited Financial Statements (Filleted)

for the Year Ended 31 March 2025

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Delaport Investments (Weymouth) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Delaport Investments (Weymouth) Limited

Company Information

Directors

Mr SJ Connell

Mr JE Connell

Mrs LA Gregory

Mr SM Connell

Registered office

Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL

Accountants

Ritchie Phillips LLP
Chartered AccountantsGround Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Delaport Investments (Weymouth) Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Delaport Investments (Weymouth) Limited for the year ended 31 March 2025 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Delaport Investments (Weymouth) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Delaport Investments (Weymouth) Limited and state those matters that we have agreed to state to the Board of Directors of Delaport Investments (Weymouth) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Delaport Investments (Weymouth) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Delaport Investments (Weymouth) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Delaport Investments (Weymouth) Limited. You consider that Delaport Investments (Weymouth) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Delaport Investments (Weymouth) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Ritchie Phillips LLP
Chartered Accountants
Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL

24 June 2025

 

Delaport Investments (Weymouth) Limited

(Registration number: 12327633)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Current assets

 

Stocks

4

605,076

605,076

Debtors

5

370,000

395,000

Cash at bank and in hand

 

6,633

11,220

 

981,709

1,011,296

Creditors: Amounts falling due within one year

6

(990,882)

(977,026)

Net (liabilities)/assets

 

(9,173)

34,270

Capital and reserves

 

Called up share capital

10,000

10,000

Retained earnings

(19,173)

24,270

Shareholders' (deficit)/funds

 

(9,173)

34,270

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

.........................................
Mr SJ Connell
Director

 

Delaport Investments (Weymouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the transactions relating to the sale of land, rental income received and also the receipts in relation to agreements made to sell land in future periods. 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks represent the value of land held and are stated at the lower of cost and estimated selling price less costs to complete and sell.

 

Delaport Investments (Weymouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade 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 using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4

Stocks

2025
£

2024
£

Other inventories

605,076

605,076

5

Debtors

Current

2025
£

2024
£

Other debtors

370,000

395,000

 

370,000

395,000

 

Delaport Investments (Weymouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

968,193

948,599

Accruals and deferred income

 

3,700

4,790

Other creditors

 

18,989

23,637

 

990,882

977,026

7

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

968,193

948,599

8

Related party transactions

Summary of transactions with other related parties

The loan advanced to Delaport Investments (Henley) Limited has a balance of £370,000 (2024 - £395,000). No interest has been charged on these advances up to 31 March 2025. Delaport Investments (Henley) Limited is under the same ownership control as Delaport Investments (Weymouth) Limited. The loan is repayable upon demand to Delaport Investments (Weymouth) Limited at any time.