Deynacourt Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03263412 (England and Wales)

Deynacourt Limited

Unaudited Financial Statements

For The Period 1 October 2023 to 29 September 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M A Lawson

SECRETARY:

B K Thakrar

REGISTERED OFFICE:

3 Coldbath Square

London

EC1R 5HL

REGISTERED NUMBER:

03263412 (England and Wales)

ACCOUNTANTS:

Kingswood Allotts Limited

Chartered Accountants

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Investments

4

1

Investment property

5

1,630,000

1,630,001

CURRENT ASSETS

Debtors

6

5,491,089

5,327,672

Cash at bank

20,796

39,779

5,511,885

5,367,451

CREDITORS

Amounts falling due within one year

7

182,292

148,690

NET CURRENT ASSETS

5,329,593

5,218,761

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,959,594

6,848,762

CREDITORS

Amounts falling due after more than one year

8

(244,162

)

(287,280

)

PROVISIONS FOR LIABILITIES

10

(144,048

)

(144,048

)

NET ASSETS

6,571,384

6,417,434

CAPITAL AND RESERVES

Called up share capital

11

80,000

Revaluation reserve

12

1,009,693

Capital redemption reserve

12

20,000

Retained earnings

12

5,461,691

5,307,741

SHAREHOLDERS' FUNDS

6,571,384

6,417,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

M A Lawson - Director

1.	STATUTORY INFORMATION

Deynacourt 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.

Preparation of consolidated financial statements

The financial statements contain information about Deynacourt Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Revenue

Revenue comprises rental income, service charge and other recoveries from tenants of the Company's investment properties. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

Investments in subsidiaries

Investments in subsidiaries are measured at cost less accumulated impairment.

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Taxation

Taxation for the period 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

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 period 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.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Interest income

Interest income is recognised in profit and loss using the effective interest method.

Finance costs

Finance costs are charged to profit and loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Borrowing costs

All borrowing costs are recognised in profit and loss in the year in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Investments

in

subsidiary

companies

£

COST

At 1 October 2023

and 29 September 2024

1

NET BOOK VALUE

At 29 September 2024

1

At 30 September 2023

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

and 29 September 2024

1,630,000

NET BOOK VALUE

At 29 September 2024

1,630,000

At 30 September 2023

1,630,000

Fair value at 29 September 2024 is represented by:

£

Valuation in 2022

1,009,693

Cost

620,307

1,630,000

The 2024 valuations were made by the director, on an open market value for existing use basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

48,647

73,605

Other debtors

5,427,983

5,251,341

Prepayments and accrued income

14,459

2,726

5,491,089

5,327,672

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts (see note 9)

62,436

Trade creditors

4,631

2,231

Taxation

50,404

53,802

Social security and other taxes

4,347

3,904

Other creditors

56,974

22,817

Accruals and deferred income

3,500

182,292

148,690

The bank loan is secured by a fixed charge over the company's investment properties.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans (see note 9)

244,162

287,280

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

37,536

The bank loan is secured by a fixed charge over the company's investment properties.

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

Amounts falling due within one year or on demand:

Bank loans

62,436

Amounts falling due between one and two years:

Bank loans

62,436

Amounts falling due between two and five years:

Bank loans

181,726

187,308

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

37,536

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

144,048

Deferred

tax

£

Balance at 1 October 2023

144,048

Balance at 29 September 2024

144,048

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

80,000

Ordinary

£1

80,000

12.

RESERVES

Capital redemption reserve

Amounts in Capital redemption reserve represent a share redemption.

Investment property revaluation reserve

Amounts in Investment property revaluation reserve represent fair value movements on the investment properties and deferred tax relating to these revaluations.

Profit and loss account

The Profit and loss account is made up of accumulated historic profits and losses.