REGISTERED NUMBER: 08599909 (England and Wales)

DEBDALE PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

M J Odell

C A Odell

REGISTERED OFFICE:

10 Wards Lane

Yelvertoft

Northampton

Northamptonshire

NN6 6LY

REGISTERED NUMBER:

08599909 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Investment property

4

-

225,000

CURRENT ASSETS

Debtors

5

1,743

3,060

Cash at bank

99,743

13,112

101,486

16,172

CREDITORS

Amounts falling due within one year

6

13,290

166,677

NET CURRENT ASSETS/(LIABILITIES)

88,196

(150,505

)

TOTAL ASSETS LESS CURRENT LIABILITIES

88,196

74,495

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

88,194

74,493

SHAREHOLDERS' FUNDS

88,196

74,495

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

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

The directors acknowledge their 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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

C A Odell - Director

1.	STATUTORY INFORMATION

Debdale Properties Limited 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.

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, value added tax and other sales taxes.

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

225,000

Disposals

(225,000

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

225,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2013

175,000

Valuation in 2022

50,000

225,000

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

2024

2023

£

£

Cost

175,000

175,000

Investment property was valued on an open market basis on 31 December 2022 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2

2,702

Other debtors

1,741

358

1,743

3,060

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Creditors

-

1,638

Rent Deposits

-

3,000

Corporation tax

11,303

2,426

Due to C Odell

162

162

Due to Miles re

Property Transfer

25

25

Directors' current accounts

13

153,240

Accrued expenses

1,787

6,186

13,290

166,677

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2