Deben Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01667823 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Deben Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

A R Harding

J Harding

R C Harding

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

01667823 (England and Wales)

ACCOUNTANTS:

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

4

857

1,142

Investment property

5

392,997

419,457

393,854

420,599

CURRENT ASSETS

Debtors

6

111,999

90,710

Cash at bank

21,419

10,290

133,418

101,000

CREDITORS

Amounts falling due within one year

7

194,592

201,685

NET CURRENT LIABILITIES

(61,174

)

(100,685

)

TOTAL ASSETS LESS CURRENT LIABILITIES

332,680

319,914

PROVISIONS FOR LIABILITIES

23,740

23,794

NET ASSETS

308,940

296,120

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

141,248

141,248

Retained earnings

167,592

154,772

SHAREHOLDERS' FUNDS

308,940

296,120

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 21 December 2020 and were signed on its behalf by:

J Harding - Director

1.	STATUTORY INFORMATION

Deben Holdings 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 - 3 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

6,395

3,340

9,735

DEPRECIATION

At 1 April 2019

6,275

2,318

8,593

Charge for year

29

256

285

At 31 March 2020

6,304

2,574

8,878

NET BOOK VALUE

At 31 March 2020

91

766

857

At 31 March 2019

120

1,022

1,142

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

419,457

Disposals

(26,460

)

At 31 March 2020

392,997

NET BOOK VALUE

At 31 March 2020

392,997

At 31 March 2019

419,457

The directors consider that the valuations, determined by them, represents the fair value of the investment property as at 31 March 2020.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Amounts owed by associates

111,999

87,560

Other debtors

-

3,150

111,999

90,710

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

1

1,319

Amounts owed to associates

9,298

15,982

Taxation and social security

885

-

Other creditors

184,408

184,384

194,592

201,685

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Fair

value

reserve

£

At 1 April 2019

and 31 March 2020

141,248

10.	RELATED PARTY DISCLOSURES

The following balances are due from / (to) companies with common directors and shareholders. All loans are repayable on demand and interest free.

31.03.20

31.03.19

Detail

£

£

Pacmicro Limited

67,151

64,820

Rural Community Housing Limited

10,000

10,000

Ruskin Landscapes Limited

7,000

7,000

Leigh Properties Limited

8,071

5,740

Plasmerton Limited

19,777

(6,684

)

Deben Properties Limited

(9,298

)

(15,982

)

Totals

102,701

71,578

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Deben Holdings Limited for the year ended 31 March 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Deben Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Deben Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Deben Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deben Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Deben Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Deben Holdings Limited. You consider that Deben Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Deben Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

21 December 2020