Du-Beau Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01218616 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Du-Beau Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Obrart

L F Obrart

R S Obrart

SECRETARY:

L F Obrart

REGISTERED OFFICE:

3 Athenaeum Road

London

N20 9AA

REGISTERED NUMBER:

01218616 (England and Wales)

ACCOUNTANTS:

GPMA

3 Athenaeum Road

London

N20 9AA

FIXED ASSETS

Investment property

4

600,000

CURRENT ASSETS

Debtors

5

15,180

54,450

Cash at bank

177,674

153,941

192,854

208,391

CREDITORS

Amounts falling due within one year

6

28,162

43,115

NET CURRENT ASSETS

164,692

165,276

TOTAL ASSETS LESS CURRENT
LIABILITIES

764,692

765,276

PROVISIONS FOR LIABILITIES

97,188

NET ASSETS

667,504

668,088

CAPITAL AND RESERVES

Called up share capital

100

Other reserves

474,507

Retained earnings

192,897

193,481

SHAREHOLDERS' FUNDS

667,504

668,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2020 and were signed on its behalf by:

M Obrart - Director

1.	STATUTORY INFORMATION

Du-Beau 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.

Turnover

Turnover represents rents receivable excluding value added tax.

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.

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 (2019 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

600,000

NET BOOK VALUE

At 31 March 2020

600,000

At 31 March 2019

600,000

Fair value at 31 March 2020 is represented by:

£

Valuation in 2007

571,695

Cost

28,305

600,000

Investment property was valued on an open market basis on 31 March 2020 by the company director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

Other debtors

15,180

54,450

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

Taxation and social security

9,246

9,359

Other creditors

18,916

33,756

28,162

43,115

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and 31 March 2019:

31.3.20

31.3.19

£

M Obrart

Balance outstanding at start of year

-

59,728

Amounts repaid

-

(59,728

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Obrart.

Du-Beau Limited - Accounts to registrar (filleted) - small 18.2

Du-Beau Limited - Accounts to registrar (filleted) - small 18.2