Dela Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11365378 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Dela Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs F N De La Lynde

REGISTERED OFFICE:

24 Wesley Place

Bristol

City of Bristol

BS8 2YD

REGISTERED NUMBER:

11365378 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

134

181

Investment property

5

10,070,000

10,517,036

10,070,134

10,517,217

CURRENT ASSETS

Debtors

6

226

-

Cash at bank

1,008,881

920,799

1,009,107

920,799

CREDITORS

Amounts falling due within one year

7

3,666,604

3,662,471

NET CURRENT LIABILITIES

(2,657,497

)

(2,741,672

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,412,637

7,775,545

PROVISIONS FOR LIABILITIES

298,241

410,000

NET ASSETS

7,114,396

7,365,545

CAPITAL AND RESERVES

Called up share capital

9

4,000,000

Share premium

10

1,341,423

Fair value reserve

10

894,723

1,230,000

Retained earnings

10

878,250

794,122

SHAREHOLDERS' FUNDS

7,114,396

7,365,545

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 10th December 2025 and were signed by:

Mrs F N De La Lynde - Director

1.	STATUTORY INFORMATION

Dela Properties 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.

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 consists of rents receivable. Revenue is recognised evenly over the rental period.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1st April 2024

220

2

222

Disposals

-

(2

)

(2

)

At 31st March 2025

220

-

220

DEPRECIATION

At 1st April 2024

41

-

41

Charge for year

45

-

45

At 31st March 2025

86

-

86

NET BOOK VALUE

At 31st March 2025

134

-

134

At 31st March 2024

179

2

181

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

10,517,036

Revaluations

(447,036

)

At 31st March 2025

10,070,000

NET BOOK VALUE

At 31st March 2025

10,070,000

At 31st March 2024

10,517,036

Fair value at 31st March 2025 is represented by:

£

Valuation in 2023

1,815,000

Valuation in 2024

(175,000

)

Valuation in 2025

(447,036

)

Cost

8,877,036

10,070,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

8,877,036

The investment properties were valued on an open market basis on 31st March 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

226

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

3,500,000

Trade creditors

1,978

21,327

Tax

81,950

81,599

Other creditors

65,867

58,285

Directors' current accounts

15,489

-

Accrued expenses

1,320

1,260

3,666,604

3,662,471

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

3,500,000

The loan is secured on the properties owned by the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1,000,000

Ordinary A

£1

500,000

3,000,000

Ordinary B

£1

3,000,000

500,000

Ordinary C

£1

500,000

4,000,000

10.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

At 1st April 2024

794,122

1,341,423

1,230,000

3,365,545

Deficit for the year

(89,473

)

-

(89,473

)

Dividends

(161,676

)

-

(161,676

)

Assets revalued in period

335,277

-

(335,277

)

-

At 31st March 2025

878,250

1,341,423

894,723

3,114,396