REGISTERED NUMBER: 12570550 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DEERSWOOD (2) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

D J Allen

REGISTERED OFFICE:

1 Waterside

Station Road

Harpenden

United Kingdom

Hertfordshire

AL5 4US

REGISTERED NUMBER:

12570550 (England and Wales)

ACCOUNTANTS:

LBCA Ltd

1 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

FIXED ASSETS

Tangible assets

4

698

-

Investments

5

33

20

Investment property

6

555,168

555,168

555,899

555,188

CURRENT ASSETS

Debtors

7

11,029

943

Cash at bank

686

25

11,715

968

CREDITORS

Amounts falling due within one year

8

569,681

601,962

NET CURRENT LIABILITIES

(557,966

)

(600,994

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,067

)

(45,806

)

PROVISIONS FOR LIABILITIES

133

-

NET LIABILITIES

(2,200

)

(45,806

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(2,210

)

(45,816

)

(2,200

)

(45,806

)

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2025 and were signed by:

D J Allen - Director

1.	STATUTORY INFORMATION

Deerswood (2) Ltd 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.

Turnover

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

Income is recognised when services have been supplied to customers.

Tangible fixed assets

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

Investment property

Investment properties are initially recognised at cost which includes purchase price and attributable expenses. Investment properties whose fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in profit and loss accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,047

At 31 December 2024

1,047

DEPRECIATION

Charge for year

349

At 31 December 2024

349

NET BOOK VALUE

At 31 December 2024

698

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 January 2024

20

Additions

33

Impairments

(20

)

At 31 December 2024

33

NET BOOK VALUE

At 31 December 2024

33

At 31 December 2023

20

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

555,168

NET BOOK VALUE

At 31 December 2024

555,168

At 31 December 2023

555,168

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

11,029

943

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

2,881

-

Other creditors

566,800

601,962

569,681

601,962

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 December 2024 set out on pages three to seven 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.

LBCA Ltd

1 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

26 September 2025