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REGISTERED NUMBER: 07525157 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

D4 Developments (Stony) Ltd

D4 Developments (Stony) Ltd (Registered number: 07525157)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

D4 Developments (Stony) Ltd

Company Information
for the year ended 28 February 2023







DIRECTORS: Mrs P Duggan
J Duggan
C J Duggan
Ms L E Duggan





REGISTERED OFFICE: Gate House Farm High Street
Culworth
Banbury
Oxfordshire
OX17 2BG





REGISTERED NUMBER: 07525157 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

D4 Developments (Stony) Ltd (Registered number: 07525157)

Balance Sheet
28 February 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 1,147 1,892
Investment property 5 1,115,000 1,115,000
1,116,147 1,116,892

CURRENT ASSETS
Debtors 6 242 21,054
Cash at bank 89,086 61,260
89,328 82,314
CREDITORS
Amounts falling due within one year 7 (591,652 ) (587,279 )
NET CURRENT LIABILITIES (502,324 ) (504,965 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,823

611,927

PROVISIONS FOR LIABILITIES (45,857 ) (45,999 )
NET ASSETS 567,966 565,928

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 321,932 321,932
Retained earnings 245,934 243,896
567,966 565,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





J Duggan - Director


D4 Developments (Stony) Ltd (Registered number: 07525157)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

D4 Developments (Stony) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery- 33% on cost
Computer equipment - 33% on cost

Investment property
Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Share capital
Ordinary A, Ordinary B, Ordinary C and Ordinary D shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

D4 Developments (Stony) Ltd (Registered number: 07525157)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the Statement of Changes in Equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 March 2022
and 28 February 2023 12,611
DEPRECIATION
At 1 March 2022 10,719
Charge for year 745
At 28 February 2023 11,464
NET BOOK VALUE
At 28 February 2023 1,147
At 28 February 2022 1,892

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 March 2022
and 28 February 2023 1,115,000
NET BOOK VALUE
At 28 February 2023 1,115,000
At 28 February 2022 1,115,000

The directors have considered the value of investment property and have determined that the open market value at the year end was not materially different to the carrying value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors - 12,500
Other debtors 242 8,554
242 21,054

D4 Developments (Stony) Ltd (Registered number: 07525157)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts - 557,500
Amounts owed to group undertakings 570,923 -
Taxation and social security 2,496 10,259
Other creditors 18,233 19,520
591,652 587,279

8. SECURED DEBTS

The secured debt from Handelsbanken PLC contains a fixed and floating charge which covers all the property or undertaking of the company.

There is also a fixed charge held over the plant & machinery and fixtures and fittings by Svenska Handelsbanken Ab (Publ)

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid
Number: Class: Nominal 28.2.23 28.2.22
value: £ £
26 A Ordinary £1.00 26 26
26 B Ordinary £1.00 26 26
24 C Ordinary £1.00 24 24
24 D Ordinary £1.00 24 24
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date the company owed the directors £15,233 (2022: £16,520) which is repayable on demand and attracts no interest.

11. RELATED PARTY DISCLOSURES

At the reporting date, D4 Developments (Stony) Ltd owed a connected company £570,923 which attracts no interest as is repayable on demand.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
D4 Developments (Stony) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D4 Developments (Stony) Ltd for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D4 Developments (Stony) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D4 Developments (Stony) Ltd and state those matters that we have agreed to state to the Board of Directors of D4 Developments (Stony) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D4 Developments (Stony) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D4 Developments (Stony) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D4 Developments (Stony) Ltd. You consider that D4 Developments (Stony) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D4 Developments (Stony) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


24 November 2023