REGISTERED NUMBER: 11234441 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Derventio Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Turner

A E Blake - Turner

REGISTERED OFFICE:

206 Crich Lane

Belper

Derbyshire

DE56 1EP

REGISTERED NUMBER:

11234441 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investment property

4

711,688

687,960

CURRENT ASSETS

Debtors

5

1,194

-

Cash at bank

10,000

16,768

11,194

16,768

CREDITORS

Amounts falling due within one year

6

4,374

44,931

NET CURRENT ASSETS/(LIABILITIES)

6,820

(28,163

)

TOTAL ASSETS LESS CURRENT LIABILITIES

718,508

659,797

CREDITORS

Amounts falling due after more than one year

7

(739,227

)

(665,821

)

PROVISIONS FOR LIABILITIES

(12,000

)

(13,300

)

NET LIABILITIES

(32,719

)

(19,324

)

CAPITAL AND RESERVES

Called up share capital

10

10

Fair value reserve

9

51,061

56,673

Retained earnings

9

(83,790

)

(76,007

)

(32,719

)

(19,324

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

C R Turner - Director

1.	STATUTORY INFORMATION

Derventio Property 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.

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.

The company's financial statements should be prepared on a going concern basis on the grounds that, despite reporting net liabilities in the balance sheet, current and future sources of funding and the continued support of the directors will be more than adequate for the company's needs. The Board considered a period of twelve months from the date of approval of the financial statements.

Turnover

Turnover represents property rentals receivable. Turnover is recognised when rentals are due in accordance with the lease terms.

Investment property

Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

687,960

Additions

19,850

Revaluations

17,958

Impairments

(14,080

)

At 31 March 2025

711,688

NET BOOK VALUE

At 31 March 2025

711,688

At 31 March 2024

687,960

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

711,688

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

2025

2024

£

£

Cost

694,420

674,570

Aggregate depreciation

(41,772

)

(27,883

)

Investment property was valued on a fair value basis on 31 March 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

1,194

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

1,682

2,906

Directors' loan account

1,102

40,525

Accrued expenses

1,590

1,500

4,374

44,931

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans

236,307

275,686

Interest only loans

502,920

390,135

739,227

665,821

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Interest only loans

502,920

390,135

Repayable by instalments

Other loans

236,307

275,686

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Interest only loans

502,920

390,135

The loans are secured against the properties that they relate to.

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

(76,007

)

56,673

(19,334

)

Deficit for the year

(13,395

)

(13,395

)

Revaluations

6,912

(6,912

)

-

Deferred taxation

(1,300

)

1,300

-

At 31 March 2025

(83,790

)

51,061

(32,729

)

10.	RELATED PARTY DISCLOSURES

During the year, the company received loans from multiple related companies. At the year end, £237,989 (2024: £278,590) was outstanding and included within other loans. Interest has been charged on the loans with £247 (2024: £1,552) being paid in the year.