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

REGISTERED NUMBER: 10824299 (England and Wales)

Financial Statements for the Year Ended 31 March 2021

for

Denler Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Rogers

SECRETARY:

G Rogers

REGISTERED OFFICE:

106 - 108 Burnt Oak Broadway

Edgware

Middlesex

HA8 0BE

REGISTERED NUMBER:

10824299 (England and Wales)

FIXED ASSETS

Intangible assets

4

10,000

-

Tangible assets

5

3,687

880

Investment property

6

1,524,756

1,265,000

1,538,443

1,265,880

CURRENT ASSETS

Debtors

1,939

1,608

Cash at bank

50,761

73,293

52,700

74,901

CREDITORS

Amounts falling due within one year

242,845

10,638

NET CURRENT (LIABILITIES)/ASSETS

(190,145

)

64,263

TOTAL ASSETS LESS CURRENT LIABILITIES

1,348,298

1,330,143

CAPITAL AND RESERVES

Called up share capital

1,265,000

1,265,000

Retained earnings

83,298

65,143

SHAREHOLDERS' FUNDS

1,348,298

1,330,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 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 2021 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 17 November 2021 and were signed by:

D Rogers - Director

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. In the director's opinion there is no impairment losses at the year end and the director considers that to provide impairment losses would not give a true and fair view.

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 (2020 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

10,000

At 31 March 2021

10,000

NET BOOK VALUE

At 31 March 2021

10,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

2,084

Additions

4,176

At 31 March 2021

6,260

DEPRECIATION

At 1 April 2020

1,204

Charge for year

1,369

At 31 March 2021

2,573

NET BOOK VALUE

At 31 March 2021

3,687

At 31 March 2020

880

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

1,265,000

Additions

259,756

At 31 March 2021

1,524,756

NET BOOK VALUE

At 31 March 2021

1,524,756

At 31 March 2020

1,265,000

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owes £230,174 (2020 - £nil) to its associate companies. The balance due to these companies at the balance sheet date was as follows:

Denler Limited £160,000 (2020 - £nil)

Enfield Storage Limited £ 70,000 (2020 - £nil)

Rogers Removals Limited £ 174 (2020 - £nil)

There are no fixed repayment terms on the above loans.