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DESNOR LIMITED - Company Information

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Desnor Limited

Registered Number:07069324

For the year ended 30 November 2019

England and Wales

Unaudited Financial Statements

For the year ended 30 November 2019

Desnor Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 November 2019

Desnor Limited

Statement of Financial Position

Registered Number :

07069324

2018

2019

Notes

Fixed assets

Property, plant and equipment

39,379

93,690

39,999

Investment property

79,378

93,690

Current assets

Trade and other receivables

60,000

185,833

Cash and cash equivalents

207,335

267,335

185,833

Trade and other payables: amounts falling due within one

year

(15,124)

(53,276)

170,709

214,059

Net current assets

Total assets less current liabilities

293,437

264,399

293,437

Net assets

264,399

Capital and reserves

Called up share capital

Retained earnings

293,435

264,397

293,437

264,399

Shareholders' funds

For the year ended 30 November 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

Mrs Margaret Thomas Director

These financial statements were approved and authorised for issue by the Board on 17 July 2020 and were signed by:

The notes form part of these financial statements

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For the year ended 30 November 2019

Desnor Limited

Notes to the Financial Statements

Statutory Information

Desnor Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

07069324.

Registered address:

West House, Dodley Farm

Stamfordham

Newcastle Upon Tyne

NE18 0LQ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

20% per annum on cost

Computer equipment

20% per annum on cost

Fixtures and fittings

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

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For the year ended 30 November 2019

Desnor Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Plant and

machinery

Land and

buildings

Cost or

valuation

At 01 December 2018

96,870

2,631

2,335

1,200

90,704

2,823

Additions

(55,611)

Disposals

(55,611)

At 30 November 2019

1,200

5,158

2,631

44,082

35,093

Provision for depreciation and impairment

At 01 December 2018

3,180

1,341

639

1,200

Charge for year

1,523

526

997

At 30 November 2019

4,703

1,867

1,636

1,200

At 30 November 2019

Net book value

35,093

3,522

764

39,379

At 30 November 2018

90,704

1,696

1,290

93,690

3. Investment property

Total

Fair value

Additions

39,999

At 30 November 2019

39,999

Net book value

At 30 November 2019

39,999

During the reporting period, the entity purchased freehold land.

4. Trade and other receivables

2018

2019

Trade debtors

60,000

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For the year ended 30 November 2019

Desnor Limited

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2018

2019

Trade creditors

40,088

Taxation and social security

8,213

14,272

Accruals and deferred income

864

852

Directors' loan accounts

4,111

53,276

15,124

6. Related party transactions

The reporting entity has paid for renovations to a property owned by a connected person - son of the directors.

These renovation costs have been capitalised and are being charged at a profit over a period of three years,

showing as a part disposal each year.

At the end of the reporting period, there was a sum of £4111 owed to the director. These funds have been provided

on a interest only basis.

7. Average number of persons employed

During the year the average number of employees was 0

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