Deezed Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10367524 (England and Wales)

DEEZED LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Wagner

A Wagner

Mrs S R Wagner

REGISTERED OFFICE:

5 White Orchards

London

N20 8AQ

REGISTERED NUMBER:

10367524 (England and Wales)

ACCOUNTANTS:

KHI Albury Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Investment property

4

331,000

349,000

CURRENT ASSETS

Stocks

13,921

Debtors

5

-

1,478

Cash at bank

424

2,547

14,345

17,946

CREDITORS

Amounts falling due within one year

6

328,773

304,268

NET CURRENT LIABILITIES

(314,428

)

(286,322

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,572

62,678

PROVISIONS FOR LIABILITIES

5,799

10,970

NET ASSETS

10,773

51,708

CAPITAL AND RESERVES

Called up share capital

7

100

Revaluation reserve

8

24,721

46,765

Retained earnings

8

(14,048

)

4,843

SHAREHOLDERS' FUNDS

10,773

51,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

D Wagner - Director

1.	STATUTORY INFORMATION

Deezed 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.

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.

Although the Companies Act require the systematic annual depreciation of fixed assets, the directors believe the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of properties, and changes to that value, are of primary importance rather a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount that might otherwise have been included cannot be separately identified or quantified.

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Cash at bank and in hand

Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

349,000

Additions

9,215

Revaluations

(27,215

)

At 30 September 2025

331,000

NET BOOK VALUE

At 30 September 2025

331,000

At 30 September 2024

349,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2024

57,735

Valuation in 2025

(27,215

)

Cost

300,480

331,000

Freehold property was revalued at the year-end date to its fair value of £331,000 by the Directors, based on their online research. If the freehold property was included in the balance sheet on an historical cost basis, then the carrying amount would be £300,480 (2024: £291,265). The directors are of the opinion that, given the static nature of the property market in recent times, the difference between the fair value and the estimated fair value was not significant, therefore they have adopted the fair value based on their research.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

-

1,478

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed to associates

90,626

66,241

Other creditors

238,147

238,027

328,773

304,268

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 October 2024

4,843

46,765

51,608

Deficit for the year

(18,891

)

(18,891

)

Revaluation during the year

-

(22,044

)

(22,044

)

At 30 September 2025

(14,048

)

24,721

10,673

9.	RELATED PARTY DISCLOSURES

At the year end date, included within other creditors, amounts falling due within one year, is an amount of £10,881 (2024: £10,881) owed to the director D Z Wagner and an amount of £2,790 (2024: £2,790) owed to the director A Wagner.

At the year end date, included within other creditors, amount falling due within one year, is an amount of £90,626 (2024: £66,241) owed to Geco Property LLP.

At the year end date, included within other creditors, amount falling due within one year, is an amount of £223,457 (2024: £223,457) owed to the related parties.

These amounts are unsecured, interest free and repayable by demand.