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Company Registration No. 3533839 (England and Wales)
DEARDEN LTD Unaudited accounts for the year ended 31 March 2023
DEARDEN LTD Unaudited accounts Contents
Page
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DEARDEN LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
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 
Capital and reserves
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
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DEARDEN LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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
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.
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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 
Depreciation
At 1 April 2022
- 
608 
474 
1,082 
Charge for the year
- 
1 
9 
10 
At 31 March 2023
- 
609 
483 
1,092 
Net book value
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 
Accruals
432 
420 
309,362 
309,372 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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