ACCOUNTS - Final Accounts

Registered number: 07817545

DENOVO PROPERTIES LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

DENOVO PROPERTIES LTD

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 6

DENOVO PROPERTIES LTD

REGISTERED NUMBER: 07817545

BALANCE SHEET

AS AT 31 OCTOBER 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		416,959		416,959
Current assets
Debtors	5	444		2,266
Cash at bank and in hand		1,883		5,670
		2,327		7,936
Creditors: amounts falling due within one year	6	(83,039)		(96,834)
Net current liabilities			(80,712)		(88,898)
Total assets less current liabilities			336,247		328,061
Creditors: amounts falling due after more than one year	7		(157,079)		(157,079)
Provisions for liabilities
Deferred tax	8		(2,264)		(2,264)
Net assets			176,904		168,718

Capital and reserves
Called up share capital	4	4
Revaluation reserve	48,976	48,976
Profit and loss account	127,924	119,738
	176,904	168,718

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 July 2026.

Page 1

DENOVO PROPERTIES LTD

REGISTERED NUMBER: 07817545

BALANCE SHEET (CONTINUED)

AS AT 31 OCTOBER 2025

B.R. Desmond

Director

Page 2

DENOVO PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	General information

Denovo Properties Ltd (the Company) is a private company, limited by shares, incorporated in England. The address of its registered office is 19 Birchy Close, Dickens Heath, Solihull, West Midlands, B90 1QL, which is also the address of its principal place of business.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Turnover comprises revenue recognised by the company in respect of rent received during the year.

2.3

Investment property

Investment property is carried at fair value determined annually by the directors 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.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Finance costs

Finance costs are charged to profit or 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.

Page 3

DENOVO PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 4

DENOVO PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 November 2024	416,959
	At 31 October 2025	416,959

The 2025 valuations were made by the directors, on an open market value basis.


	At 31 October 2025

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£

Historic cost

365,959

Debtors

					2025	2024
					£	£


Prepayments and accrued income	444	2,266

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	1,920	1,038
Other creditors	78,227	92,591
Accruals and deferred income	2,892	3,205
	83,039	96,834

Page 5

DENOVO PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Other creditors	157,079	157,079

8.	Deferred taxation

		2025
		£

	At beginning of year	(2,264)
	At end of year	(2,264)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

On property revaluation

(2,264)

Page 6