De Novo Developments Limited - Accounts to registrar (filleted) - small 18.2

De Novo Developments Limited - Accounts to registrar (filleted) - small 18.2

DE NOVO DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 05144069 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

DE NOVO DEVELOPMENTS LIMITED
DE NOVO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05144069)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DE NOVO DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2019







DIRECTORS: Dr M J Dennis
Mrs S L Dennis





SECRETARY: Mrs S L Dennis





REGISTERED OFFICE: 124 Thorpe Road
Norwich
Norfolk
NR1 1RS





REGISTERED NUMBER: 05144069 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS
Page 1
DE NOVO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05144069)

BALANCE SHEET
31 December 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 920 -
Investment property 5 778,342 778,342
779,262 778,342

CURRENT ASSETS
Work in progress 2,880 2,880
Cash at bank 82 101
2,962 2,981
CREDITORS
Amounts falling due within one year 6 16,956 15,152
NET CURRENT LIABILITIES (13,994 ) (12,171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
765,268
766,171

CREDITORS
Amounts falling due after more than one
year
7
396,738
398,510
NET ASSETS 368,530 367,661

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Share premium - 161,100
Revaluation reserve 8 102,067 102,067
Retained earnings 166,463 4,494
368,530 367,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 notes form part of these financial statements

Page 2 continued...
DE NOVO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05144069)

BALANCE SHEET - continued
31 December 2019


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on
15 September 2020 and were signed on its behalf by:





Mrs S L Dennis - Director


The notes form part of these financial statements

Page 3
DE NOVO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05144069)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2019

1. STATUTORY INFORMATION

De Novo Developments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and Straight line over 3 years

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing work in progress to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

Page 4 continued...
DE NOVO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05144069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2019 4,173
Additions 1,198
At 31 December 2019 5,371
DEPRECIATION
At 1 January 2019 4,173
Charge for year 278
At 31 December 2019 4,451
NET BOOK VALUE
At 31 December 2019 920

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2019
and 31 December 2019 778,342
NET BOOK VALUE
At 31 December 2019 778,342
At 31 December 2018 778,342

Cost or valuation at 31 December 2019 is represented by:

£   
Valuation in 2019 778,342

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 1,764 1,764
Trade creditors - 1,699
Taxation and social security 900 1,700
Other creditors 14,292 9,989
16,956 15,152

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 396,738 398,510

Page 5 continued...
DE NOVO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05144069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2019 2018
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 365,220 365,220

Repayable by instalments
Bank loan 24,461 26,233

8. RESERVES
Revaluation
reserve
£   
At 1 January 2019
and 31 December 2019 102,067

Page 6