Denler Properties Limited - Accounts to registrar (filleted) - small 18.2

Denler Properties Limited - Accounts to registrar (filleted) - small 18.2

DENLER PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 10824299 (England and Wales)















Financial Statements for the Year Ended 31 March 2022

for

Denler Properties Limited
Denler Properties Limited (Registered number: 10824299)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Denler Properties Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: D Rogers





SECRETARY: G Rogers





REGISTERED OFFICE: 106 - 108 Burnt Oak Broadway
Edgware
Middlesex
HA8 0BE





REGISTERED NUMBER: 10824299 (England and Wales)
Page 1
Denler Properties Limited (Registered number: 10824299)

Abridged Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 10,000
Tangible assets 5 2,514 3,687
Investment property 6 2,286,485 1,524,756
2,298,999 1,538,443

CURRENT ASSETS
Debtors 388,268 1,939
Cash at bank 231,696 50,761
619,964 52,700
CREDITORS
Amounts falling due within one year 1,556,050 242,845
NET CURRENT LIABILITIES (936,086 ) (190,145 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,362,913
1,348,298

CAPITAL AND RESERVES
Called up share capital 1,265,000 1,265,000
Retained earnings 97,913 83,298
SHAREHOLDERS' FUNDS 1,362,913 1,348,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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...
Denler Properties Limited (Registered number: 10824299)

Abridged Balance Sheet - continued
31 March 2022


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 6 September 2022 and were signed by:





D Rogers - Director


The notes form part of these financial statements

Page 3
Denler Properties Limited (Registered number: 10824299)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Denler Properties 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.

Income
Income represents rent receivable.

Intangible assets

Cryptocurrency
The investment in cryptocurrency is stated at cost.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2021
and 31 March 2022 10,000
NET BOOK VALUE

At 31 March 2022 10,000
At 31 March 2021 10,000

The market value of the cryptocurrency as at 31 March 2022 was £9,549.

Page 4 continued...
Denler Properties Limited (Registered number: 10824299)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2021
and 31 March 2022 6,260
DEPRECIATION
At 1 April 2021 2,573
Charge for year 1,173
At 31 March 2022 3,746
NET BOOK VALUE
At 31 March 2022 2,514
At 31 March 2021 3,687

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021 1,524,756
Additions 761,729
At 31 March 2022 2,286,485
NET BOOK VALUE
At 31 March 2022 2,286,485
At 31 March 2021 1,524,756

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £1,541,500 (2021 - £230,174) to its associate companies. The balance due to these companies at the balance sheet date was as follows:

Denler Limited £1,240,500 (2021 - £160,000)
Enfield Storage Limited £ 301,000 (2021 - £70,000)
Rogers Removals Limited £ Nil (2021 - £174)

No interest was accruing on the outstanding amount and no fixed repayment terms have been agreed as the balance sheet date.

At the balance sheet date the company was owed £311,350 from its associate company, Denler Emlak Insaat Ticaret Ve Sanayi Ltd, a company incorporated in Turkey.

Page 5