IRIS Accounts Production v25.1.4.42 08737305 director 1.11.23 31.10.24 31.10.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087373052023-10-31087373052024-10-31087373052023-11-012024-10-31087373052022-10-31087373052022-11-012023-10-31087373052023-10-3108737305ns15:EnglandWales2023-11-012024-10-3108737305ns14:PoundSterling2023-11-012024-10-3108737305ns10:Director12023-11-012024-10-3108737305ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3108737305ns10:SmallEntities2023-11-012024-10-3108737305ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3108737305ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3108737305ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3108737305ns10:FullAccounts2023-11-012024-10-3108737305ns10:RegisteredOffice2023-11-012024-10-3108737305ns5:CurrentFinancialInstruments2024-10-3108737305ns5:CurrentFinancialInstruments2023-10-3108737305ns5:Non-currentFinancialInstruments2024-10-3108737305ns5:Non-currentFinancialInstruments2023-10-3108737305ns5:ShareCapital2024-10-3108737305ns5:ShareCapital2023-10-3108737305ns5:SharePremium2024-10-3108737305ns5:SharePremium2023-10-3108737305ns5:FurtherSpecificReserve3ComponentTotalEquity2024-10-3108737305ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3108737305ns5:RetainedEarningsAccumulatedLosses2024-10-3108737305ns5:RetainedEarningsAccumulatedLosses2023-10-3108737305ns5:FurnitureFittings2023-11-012024-10-3108737305ns5:ComputerEquipment2023-11-012024-10-3108737305ns5:FurnitureFittings2023-10-3108737305ns5:ComputerEquipment2023-10-3108737305ns5:FurnitureFittings2024-10-3108737305ns5:ComputerEquipment2024-10-3108737305ns5:FurnitureFittings2023-10-3108737305ns5:ComputerEquipment2023-10-31
REGISTERED NUMBER: 08737305 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

The Dering Development Co Ltd

The Dering Development Co Ltd (Registered number: 08737305)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

The Dering Development Co Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: A M Roffey





REGISTERED OFFICE: Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA





REGISTERED NUMBER: 08737305 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

The Dering Development Co Ltd (Registered number: 08737305)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 524 356
Investment property 5 2,200,000 2,060,000
2,200,524 2,060,356

CURRENT ASSETS
Cash at bank - 1,125

CREDITORS
Amounts falling due within one year 6 402,882 499,814
NET CURRENT LIABILITIES (402,882 ) (498,689 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,797,642

1,561,667

CREDITORS
Amounts falling due after more than one
year

7

1,960,621

1,638,940
NET LIABILITIES (162,979 ) (77,273 )

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium (265,000 ) (265,000 )
Fair value reserve 1,031,915 891,915
Retained earnings (929,994 ) (704,288 )
SHAREHOLDERS' FUNDS (162,979 ) (77,273 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The Dering Development Co Ltd (Registered number: 08737305)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 June 2025 and were signed by:





A M Roffey - Director


The Dering Development Co Ltd (Registered number: 08737305)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

The Dering Development Co Ltd 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. At the year end the current liabilities exceeded current assets by £402,882. The validity of this basis depends upon the continued support of the company's director. The director confirms that they will give the required support.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

The Dering Development Co Ltd (Registered number: 08737305)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 449 959 1,408
Additions 309 - 309
At 31 October 2024 758 959 1,717
DEPRECIATION
At 1 November 2023 196 856 1,052
Charge for year 115 26 141
At 31 October 2024 311 882 1,193
NET BOOK VALUE
At 31 October 2024 447 77 524
At 31 October 2023 253 103 356

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 2,060,000
Revaluations 140,000
At 31 October 2024 2,200,000
NET BOOK VALUE
At 31 October 2024 2,200,000
At 31 October 2023 2,060,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2021 1,500,000
Valuation in 2024 140,000
Cost 560,000
2,200,000

The Dering Development Co Ltd (Registered number: 08737305)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 476,653 476,653

Investment property was valued on an open market basis on 12 February 2024 by Strutt & Parker .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 46,584 166,223
Other creditors 356,298 333,591
402,882 499,814

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 1,960,621 1,638,940

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Dering Development Co Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Dering Development Co Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Dering Development Co Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Dering Development Co Ltd and state those matters that we have agreed to state to the director of The Dering Development Co Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Dering Development Co Ltd and its director for our work or for this report.

It is your duty to ensure that The Dering Development Co Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Dering Development Co Ltd. You consider that The Dering Development Co Ltd 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 financial statements of The Dering Development Co Ltd. 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 financial statements.






Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA


Date: .............................................