Company Registration No. 3533839 (England and Wales)
DEARDEN LTD
Unaudited accounts
for the year ended 31 March 2023
DEARDEN LTD
Unaudited accounts
Contents
DEARDEN LTD
Statement of financial position
as at 31 March 2023
Tangible assets
850,033
850,043
Creditors: amounts falling due within one year
(309,362)
(309,372)
Net current liabilities
(309,362)
(309,372)
Total assets less current liabilities
540,671
540,671
Provisions for liabilities
Deferred tax
(88,383)
(88,383)
Net assets
452,288
452,288
Called up share capital
3
3
Revaluation reserve
447,667
447,667
Profit and loss account
4,618
4,618
Shareholders' funds
452,288
452,288
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 October 2023 and were signed on its behalf by
Joseph DEARDEN
Director
Company Registration No. 3533839
DEARDEN LTD
Notes to the Accounts
for the year ended 31 March 2023
DEARDEN LTD is a private company, limited by shares, registered in England and Wales, registration number 3533839.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not Depreciated
Fixtures & fittings
25% Reduced Balance
Computer equipment
25% Reduced Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
DEARDEN LTD
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
850,000
612
513
851,125
At 31 March 2023
850,000
612
513
851,125
At 1 April 2022
-
608
474
1,082
Charge for the year
-
1
9
10
At 31 March 2023
-
609
483
1,092
At 31 March 2023
850,000
3
30
850,033
At 31 March 2022
850,000
4
39
850,043
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,301
1,947
Loans from directors
306,629
307,005
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).