Registration number: 11480206

Danros Investments Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Danros Investments Ltd

Company Information

Directors

D A Glinert R R Pathman

Registered office

3rd Floor Lawford House Albert Place London N3 1QA

Accountants

Sterlings Ltd Chartered AccountantsLawford House Albert Place London N3 1QA

Danros Investments Ltd

(Registration number: 11480206)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	4	3,340,000	3,340,000
Current assets
Debtors	5	37,990	37,108
Cash at bank and in hand		19,515	7,676
		57,505	44,784
Creditors: Amounts falling due within one year	6	(239,023)	(229,138)
Net current liabilities		(181,518)	(184,354)
Total assets less current liabilities		3,158,482	3,155,646
Creditors: Amounts falling due after more than one year	6	(2,649,944)	(2,651,144)
Provisions for liabilities		(169,972)	(169,972)
Net assets		338,566	334,530
Capital and reserves
Called up share capital	7	2	2
Profit and loss account		338,564	334,528
Shareholders' funds		338,566	334,530

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Danros Investments Ltd

(Registration number: 11480206)
Balance Sheet as at 31 December 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:
 

......................................... D A Glinert Director

......................................... R R Pathman Director

Danros Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3rd Floor
Lawford House
Albert Place
London
N3 1QA

These financial statements were authorised for issue by the Board on 19 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Danros Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Financial instruments

Classification
The company only enters into basic financial instruments that result in the recognition of financial assets or liabilities like trade debtors, other debtors, trade creditors and other creditors, loans from banks or other third parties and loans to/from related parties.

 Recognition and measurement
Debt instruments like bank loans are initially measured at present value of future payments and subsequently at amortised cost using the effective interest method. Debt instruments which are payable or receivable within one year such as trade debtors or trade creditors are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received.

 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit & loss account.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Danros Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Investment property

	2024 £
At 1 January 2024	3,340,000
At 31 December 2024	3,340,000

The investment property is stated at fair value as determined by the directors of the company as at 31 December 2024.

If the investment property had not been stated at fair value, it would have been included at historical cost of £2,643,674 (2023 - £2,643,674).


 

5

Debtors

Current	2024 £	2023 £
Trade debtors	15,257	26,472
Prepayments	11,283	5,314
Other debtors	11,450	5,322
	37,990	37,108

Danros Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	1,138	16,221
Taxation and social security	2,400	2,400
Accruals and deferred income	48,254	46,332
Other creditors	187,231	164,185
	239,023	229,138

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	2,649,944	2,651,144

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	1,449,944	1,451,144
Other borrowings	1,200,000	1,200,000
	2,649,944	2,651,144

Secured debts

The bank borrowings are secured.

Danros Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Related party transactions

As at the balance sheet date, the company owed the directors the sum of £1,283,000 (2023 - £1,336,000). Interest, in the sum of £48,000, is included in the profit and loss account in respect of a loan from one of the directors (2023 - £48,000).

As at the balance sheet date, Danros Investments Ltd owed the sum of £83,000 (2023 - nil) to another company which is controlled by one of its directors.

10	Retained Earnings

None of the Retained Earnings were distributable as at the balance sheet date. If the company's investment property had not been revalued by the directors, the balance sheet would have depicted negative Retained Earnings of £187,790 (2023 - negative Retained Earnings of £191,826).