Deniz_N2_Limited_31_Mar_2025_companies_house_set_of

Deniz N2 Limited

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	461,962		884,776
Current assets
Stocks		125,000		978,299
Debtors	6	2,101,664		137,783
Cash at bank and in hand		1,175		2,026,268
		2,227,839		3,142,350
Creditors: amounts falling due within one year	7	(2,133,127	)	(2,054,872	)
Net current assets		94,712		1,087,478
Total assets less current liabilities		556,674		1,972,254
Creditors: amounts falling due after more than one year	8	-		(1,089,947	)
Net assets		556,674		882,307
Capital and reserves
Called up share capital		1		1
Profit and loss account		556,673		882,306
Shareholders funds		556,674		882,307

For the year ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

30 December 2025

, and are signed on behalf of the board by:

Mr F C Deniz

Director

Company registration number:

11342896

Deniz N2 Limited

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office and business is

Cutler Street

London

E1 7DJ

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for property supplied, net of discounts and Value Added Tax.

Revenue from the sale of property is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on sale of the property; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings

Straight line over 40 years

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

1.00

5 Tangible assets

	Land and buildings		Plant and machinery etc.	Total
	£		£	£
Cost
At 1 April 2024	884,776		-	884,776
Additions	-		932	932
Disposals	(423,715	)	-	(423,715	)
At 31 March 2025	461,061		932	461,993
Depreciation
At 1 April 2024	-		-	-
Charge	-		31	31
At 31 March 2025	-		31	31
Carrying amount
At 31 March 2025	461,061		901	461,962
At 31 March 2024	884,776		-	884,776

Land and building includes land which was not depreciated during the year.

6 Debtors

	2025		2024
	£		£
Other debtors	2,101,664		137,783

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	9,871	-
Amounts owed to group undertakings and undertakings in which the company has a participating interest	208,211	-
Taxation and social security	234	1,892
Other creditors	1,914,811	2,052,980
	2,133,127	2,054,872

8 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	-		1,089,947

9 Related party transactions

Other creditors includes amounts payable to Deniz Investments Limited of £208,211, (2024: £1,089,947), parent company of Deniz N2 Limited and Mr F C Deniz is the common director and ultimate controlling shareholder.

10 Controlling party

The company is a fully owned subsidiary of Deniz Investments Limited.

The ultimate controlling party is Mr F C Deniz director and controlling shareholder of Deniz Investments Limited.