Company Registration No. 11004464 (England and Wales)
Demerara Property Investments Ltd
Unaudited accounts
for the year ended 30 September 2024
Demerara Property Investments Ltd
Unaudited accounts
Contents
Demerara Property Investments Ltd
Company Information
for the year ended 30 September 2024
Directors
S Edwards
K Edwards
Company Number
11004464 (England and Wales)
Registered Office
6 NINETREE HILL
BRISTOL
BS1 3SG
UNITED KINGDOM
Demerara Property Investments Ltd
Statement of financial position
as at 30 September 2024
Investment property
470,000
470,000
Cash at bank and in hand
1,067
1,176
Creditors: amounts falling due within one year
(97,166)
(98,392)
Net current liabilities
(95,079)
(95,294)
Total assets less current liabilities
375,563
375,562
Creditors: amounts falling due after more than one year
(273,490)
(273,490)
Provisions for liabilities
Deferred tax
(42,630)
(42,630)
Called up share capital
1,000
1,000
Fair value reserve
127,891
127,891
Profit and loss account
(69,448)
(69,449)
Shareholders' funds
59,443
59,442
For the year ending 30 September 2024 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 27 June 2025 and were signed on its behalf by
S Edwards
Director
Company Registration No. 11004464
Demerara Property Investments Ltd
Notes to the Accounts
for the year ended 30 September 2024
Demerara Property Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11004464. The registered office is 6 NINETREE HILL, BRISTOL, BS1 3SG, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% On written down value
Demerara Property Investments Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
At 30 September 2024
2,595
At 30 September 2024
1,953
Fair value at 1 October 2023
470,000
At 30 September 2024
470,000
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.
The surplus or deficit arising form changes in fair value, net of deferred tax provision on any surplus, is shown separately in a Capital and Reserves account designated as a Fair Value Reserve.
Amounts falling due within one year
Amounts due from group undertakings etc.
1,000
1,000
Accrued income and prepayments
-
900
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7
2,011
Loans from directors
94,819
94,041
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
273,490
273,490
Demerara Property Investments Ltd
Notes to the Accounts
for the year ended 30 September 2024
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan from director
(47,020)
(389)
-
(47,409)
Loan from director
(47,021)
(389)
-
(47,410)
The above loans were made by the directors to the company. No interest was charged on the monies advanced.
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Transactions with related parties
Demerara Property Investments Ltd is the wholly owned subsidiary of Demerara Property Holdings Ltd.
At the year end the company was owed £1,000 ( 2022 - £1,000 ) by its holding company.
No interest is due on the loan balance and the loan has no set terms for repayment. The loan amounts are disclosed in the Balance Sheet as Amounts due from Group undertakings within one year.
Demerara Property Holdings Ltd is a company registered in England and Wales.
12
Average number of employees
During the year the average number of employees was 2 (2023: 2).