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Registration number: 11276736

51 The Dean Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

51 The Dean Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

51 The Dean Limited

(Registration number: 11276736)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

938,672

1,877,343

Debtors

1,106,373

361,447

Cash at bank and in hand

 

102,401

211,594

 

2,147,446

2,450,384

Creditors: Amounts falling due within one year

(1,603,256)

(2,142,541)

Net assets

 

544,190

307,843

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

544,090

307,743

Total equity

 

544,190

307,843

For the financial 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 October 2023 and signed on its behalf by:
 

O S Mitchell

Director

C Mitchell

Director

M Andrews

Director

 

51 The Dean Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Old Dairy
Ovington
Alresford
Hampshire
SO24 0RB

These financial statements were authorised for issue by the Board on 31 October 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Stocks

2023
£

2022
£

Stock

938,672

1,877,343

 

51 The Dean Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

5

Related party transactions

Summary of transactions with other related parties

Included within other creditors is a loan from Ovington Park Properties 2013 Ltd, a company connected by common control. At the balance sheet date, the company owed Ovington Park Properties 2013 Ltd £1,536,420 (2022 - £2,123,724).

There is no interest charged on the loans and the balances are repayable on demand.

 

6

Parent and ultimate parent undertaking

The company's immediate parent is Cedar Veterinary Practice Ltd, incorporated in England & Wales.