REGISTERED NUMBER: 01355121 (England and Wales)

DEAROOT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

S E Major

Mrs C S Seaton

E C G Parker

M T Parker

S E Major Jnr

REGISTERED OFFICE:

12 Medinah Close

Collingtree Park

Northampton

NN4 0YS

REGISTERED NUMBER:

01355121 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

4

579

681

Investment property

5

2,275,411

2,275,411

2,275,990

2,276,092

CURRENT ASSETS

Cash at bank

111,066

136,842

CREDITORS

Amounts falling due within one year

6

20,149

38,508

NET CURRENT ASSETS

90,917

98,334

TOTAL ASSETS LESS CURRENT LIABILITIES

2,366,907

2,374,426

CREDITORS

Amounts falling due after more than one year

7

-

8,391

NET ASSETS

2,366,907

2,366,035

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

1,034,004

1,034,004

Retained earnings

1,332,803

1,331,931

SHAREHOLDERS' FUNDS

2,366,907

2,366,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 13 May 2025 and were signed on its behalf by:

Mrs C S Seaton - Director

1.	STATUTORY INFORMATION

Dearoot 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

15% on reducing balance

No depreciation is provided on the freehold land as this is not required under FRS102, the freehold buildings are not being depreciated as their estimated useful life exceeds 50 years and it is felt that the depreciation is immaterial and would not influence the decisions of a user of the accounts.

In accordance with FRS102 an annual impairment review is conducted on the freehold buildings to ensure the carrying values are less than or equal to the recoverable amounts.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 March 2024

and 28 February 2025

5,994

DEPRECIATION

At 1 March 2024

5,313

Charge for year

102

At 28 February 2025

5,415

NET BOOK VALUE

At 28 February 2025

579

At 29 February 2024

681

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 March 2024

and 28 February 2025

2,275,411

NET BOOK VALUE

At 28 February 2025

2,275,411

At 29 February 2024

2,275,411

Cost or valuation at 28 February 2025 is represented by:

£

Valuation in 2024

1,034,004

Cost

1,241,407

2,275,411

If Investment property had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,241,407

1,241,407

Investment property was valued on an open market basis on 29 February 2024 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

6,000

Corporation Tax

9,129

8,511

Social security and other taxes

779

-

Other creditors

1,224

3,608

Directors' current accounts

9,017

20,389

20,149

38,508

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

-

8,391

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100