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COMPANY REGISTRATION NUMBER: 01290857
Dalham Estates Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2021
Dalham Estates Limited
Statement of Financial Position
31 December 2021
2021
2020
Note
£
£
£
£
Fixed assets
Tangible assets
5
188,956
228,860
Investments
6
74,007
74,007
---------
---------
262,963
302,867
Current assets
Debtors
7
1,483,516
1,674,863
Cash at bank and in hand
1,820,517
1,659,941
------------
------------
3,304,033
3,334,804
Creditors: amounts falling due within one year
8
422,240
458,774
------------
------------
Net current assets
2,881,793
2,876,030
------------
------------
Total assets less current liabilities
3,144,756
3,178,897
Provisions
Taxation including deferred tax
43,956
40,829
------------
------------
Net assets
3,100,800
3,138,068
------------
------------
Capital and reserves
Called up share capital
2,000
2,000
Capital redemption reserve
27
27
Profit and loss account
3,098,773
3,136,041
------------
------------
Shareholders funds
3,100,800
3,138,068
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dalham Estates Limited
Statement of Financial Position (continued)
31 December 2021
These financial statements were approved by the board of directors and authorised for issue on 13 September 2022 , and are signed on behalf of the board by:
Mr M P Lake
Mrs C E Lake
Director
Director
Company registration number: 01290857
Dalham Estates Limited
Notes to the Financial Statements
Year ended 31 December 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is French Hall, Moulton, Newmarket, Suffolk, CB8 8RZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for hire of plant and machinery. All income is stated net of discounts and of Value Added Tax. Dividends from investments in participating interests and other investments are recognised on a receivable basis. Interest from loans is recognised on a receivable basis.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Investments
Fixed and current asset investments, excluding subsidiaries, are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses. Profits or losses arising from disposals of fixed and current asset investments are treated as part of the result from ordinary activities.
Investments in joint ventures
Investments in joint ventures are accounted for in accordance with the cost model and recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investments are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 January 2021
1,675,372
36,065
1,711,437
Additions
1,859
37,190
39,049
Disposals
( 201,342)
( 201,342)
------------
--------
------------
At 31 December 2021
1,475,889
73,255
1,549,144
------------
--------
------------
Depreciation
At 1 January 2021
1,466,060
16,517
1,482,577
Charge for the year
48,819
14,186
63,005
Disposals
( 185,394)
( 185,394)
------------
--------
------------
At 31 December 2021
1,329,485
30,703
1,360,188
------------
--------
------------
Carrying amount
At 31 December 2021
146,404
42,552
188,956
------------
--------
------------
At 31 December 2020
209,312
19,548
228,860
------------
--------
------------
6. Investments
Shares in participating interests
Other investments other than loans
Total
£
£
£
Cost
At 1 January 2021 and 31 December 2021
50,550
23,457
74,007
--------
--------
--------
Impairment
At 1 January 2021 and 31 December 2021
--------
--------
--------
Carrying amount
At 31 December 2021
50,550
23,457
74,007
--------
--------
--------
At 31 December 2020
50,550
23,457
74,007
--------
--------
--------
7. Debtors
2021
2020
£
£
Trade debtors
6,566
Amounts owed by group undertakings and undertakings in which the company has a participating interest
379,860
613,903
Other debtors
1,103,656
1,054,394
------------
------------
1,483,516
1,674,863
------------
------------
8. Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
1,516
Amounts owed to group undertakings and undertakings in which the company has a participating interest
376,792
374,629
Social security and other taxes
15,367
52,146
Other creditors
30,081
30,483
---------
---------
422,240
458,774
---------
---------