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REGISTERED NUMBER: 04055652














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

DEBBY LEE PROPERTIES LIMITED

DEBBY LEE PROPERTIES LIMITED (REGISTERED NUMBER: 04055652)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

DEBBY LEE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Ms D Lee





REGISTERED OFFICE: 45 Queen Street
Deal
Kent
CT14 6EY





REGISTERED NUMBER: 04055652





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

DEBBY LEE PROPERTIES LIMITED (REGISTERED NUMBER: 04055652)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 704,910 171
Investment property 5 900,000 750,000
1,604,910 750,171

CURRENT ASSETS
Debtors 6 3,067 -
Cash at bank 7,513 1,706
10,580 1,706
CREDITORS
Amounts falling due within one year 7 961,521 247,195
NET CURRENT LIABILITIES (950,941 ) (245,489 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,969

504,682

CREDITORS
Amounts falling due after more than one
year

8

(64,676

)

(68,027

)

PROVISIONS FOR LIABILITIES 9 (144,574 ) (110,200 )
NET ASSETS 444,719 326,455

CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 118,601 -
Fair value reserve 11 399,982 399,982
Retained earnings (73,865 ) (73,528 )
SHAREHOLDERS' FUNDS 444,719 326,455

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

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

The director acknowledges her 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.

DEBBY LEE PROPERTIES LIMITED (REGISTERED NUMBER: 04055652)

BALANCE SHEET - continued
31 AUGUST 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 28 August 2025 and were signed by:





Ms D Lee - Director


DEBBY LEE PROPERTIES LIMITED (REGISTERED NUMBER: 04055652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Debby Lee Properties Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and value added tax.

Revenue is recognised on delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance

Tangible fixed assets are reviewed for impairment annually.
It is the policy of the Company to capitalise items with an estimated useful economic life in excess of two years, and in excess of £200.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

DEBBY LEE PROPERTIES LIMITED (REGISTERED NUMBER: 04055652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 September 2023 - 391 391
Additions 691,598 15,914 707,512
At 31 August 2024 691,598 16,305 707,903
DEPRECIATION
At 1 September 2023 - 220 220
Charge for year 2,343 430 2,773
At 31 August 2024 2,343 650 2,993
NET BOOK VALUE
At 31 August 2024 689,255 15,655 704,910
At 31 August 2023 - 171 171

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 750,000
Revaluations 150,000
At 31 August 2024 900,000
NET BOOK VALUE
At 31 August 2024 900,000
At 31 August 2023 750,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2014 330,000
Valuation in 2020 86,396
Valuation in 2024 150,000
Cost 333,604
900,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,587 -
Prepayments 1,480 -
3,067 -

DEBBY LEE PROPERTIES LIMITED (REGISTERED NUMBER: 04055652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,025 1,025
Other loans 3,632 3,632
Trade creditors 2,942 2,856
Tax - 3,644
Other creditors 6,444 200
Directors' current accounts 944,491 231,907
Deferred income 1,600 2,545
Accrued expenses 1,387 1,386
961,521 247,195

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,005 1,025
Bank loans - 2-5 years - 1,028
Other loans - 1-2 years 3,632 3,632
Other loans - 2-5 years 10,897 10,897
Other loans more 5yrs instal 49,142 51,445
64,676 68,027

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 49,142 51,445

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 144,574 110,200

Deferred
tax
£   
Balance at 1 September 2023 110,200
Provided during year 34,374
Balance at 31 August 2024 144,574

Deferred tax is provided for in full on the Investment Property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

DEBBY LEE PROPERTIES LIMITED (REGISTERED NUMBER: 04055652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

11. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 1 September 2023 - 399,982 399,982
Transfer to fair value reserve 118,601 - 118,601

At 31 August 2024 118,601 399,982 518,583

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following directors loan account subsisted during the year;

Directors loan account 1
A member of key management personnel

During the year the Director advanced the Company £756,889 (2023: £6,017).
During the year the Company repaid the Director £44,305 (2023: £23,466).

As at the year end the Company owed the Director £944,491 (2023: £231,907).

DEBBY LEE PROPERTIES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
DEBBY LEE PROPERTIES LIMITED

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages one to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


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