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Registered number: 08312666
DLR Capital Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08312666
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 184,147 195,483
Investment Properties 5 6,333,951 6,333,951
6,518,098 6,529,434
CURRENT ASSETS
Debtors 6 922,827 622,014
Cash at bank and in hand 289,953 63,404
1,212,780 685,418
Creditors: Amounts Falling Due Within One Year 7 (333,811 ) (496,574 )
NET CURRENT ASSETS (LIABILITIES) 878,969 188,844
TOTAL ASSETS LESS CURRENT LIABILITIES 7,397,067 6,718,278
Creditors: Amounts Falling Due After More Than One Year 8 (981,793 ) (386,397 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (244,350 ) (253,333 )
NET ASSETS 6,170,924 6,078,548
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 3,803,916 3,803,916
Income Statement 2,366,908 2,274,532
SHAREHOLDERS' FUNDS 6,170,924 6,078,548
Page 1
Page 2
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr David Roebuck
Director
07/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
DLR Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08312666 . The registered office is The Old Methodist Church Chapel Row, Copt Hewick, Ripon, HG4 5BZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight line on cost
Plant & Machinery 25% Straight line on cost
Motor Vehicles 25% Straight line on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2023 28,041 210,275 238,316
Additions - 81,599 81,599
Disposals - (38,070 ) (38,070 )
As at 30 November 2024 28,041 253,804 281,845
Depreciation
As at 1 December 2023 5,313 37,520 42,833
Provided during the period 7,010 58,959 65,969
Disposals - (11,104 ) (11,104 )
As at 30 November 2024 12,323 85,375 97,698
Net Book Value
As at 30 November 2024 15,718 168,429 184,147
As at 1 December 2023 22,728 172,755 195,483
5. Investment Property
2024
£
Fair Value
As at 1 December 2023 and 30 November 2024 6,333,951
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Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,345 62,014
Other debtors 896,482 560,000
922,827 622,014
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 91,467 92,345
Trade creditors 5,132 15,078
Bank loans and overdrafts 37,088 106,840
Other loans 99,999 99,999
Other creditors 24,570 68,691
Taxation and social security 75,555 113,621
333,811 496,574
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 67,293 84,773
Bank loans 914,500 301,624
981,793 386,397
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 91,467 92,345
Later than one year and not later than five years 67,293 84,773
158,760 177,118
158,760 177,118
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation Reserve
£
As at 1 December 2023 3,803,916
As at 30 November 2024 3,803,916
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