Registration number:
Daleside Estates Limited
for the Year Ended 31 December 2023
Daleside Estates Limited
(Registration number: 08131912)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Investment property |
- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets/(liabilities) |
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( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' funds/(deficit) |
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( |
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 Directors' Report and the Profit and Loss Account has been taken.
Daleside Estates Limited
(Registration number: 08131912)
Balance Sheet as at 31 December 2023 (continued)
These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the
.........................................
Director
Daleside Estates Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Accounting policies |
Statutory information
Daleside Estates Limited is a private company, limited by shares, domiciled in England and Wales, company number 08131912. The registered office is at Pegasus House, 463a Glossop Road, Sheffield, S10 2QD.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been 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 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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Going concern
After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture, fixture and fittings |
20% straight line |
Motor vehicles |
25% straight line |
Daleside Estates Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
1 |
Accounting policies (continued) |
Computer equipment |
25% straight line |
Land and buildings |
not depreciated |
Investment property
Investment properties whose fair value can be measured reliably are measured at fair value. The surplus or deficit on revaluation is recognised in the profit and loss account and accumulated in the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Daleside Estates Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
Tangible assets |
Computer equipment |
Furniture, fixtures and fittings |
Plant and machinery |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 January 2023 |
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Additions |
- |
- |
- |
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Disposals |
- |
- |
- |
( |
( |
At 31 December 2023 |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
- |
- |
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Eliminated on disposal |
- |
- |
- |
( |
( |
At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
- |
- |
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At 31 December 2022 |
- |
- |
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Investment properties |
2023 |
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At 1 January 2023 |
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Disposals |
( |
At 31 December 2023 |
- |
Debtors |
2023 |
2022 |
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Trade debtors |
- |
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Prepayments |
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Other debtors |
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Daleside Estates Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
Creditors |
2023 |
2022 |
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Due within one year |
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Other creditors |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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2023 |
2022 |
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Due after one year |
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Loans and borrowings |
- |
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Amounts owed to related undertakings |
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287,610 |
1,395,610 |
Share capital |
On 30th November 2023 the company issued a total of £890,000 ordinary shares of £1 each to Chelsea Estates Limited in exchange for the release of debt due to Chelsea Estates Limited.
Related party transactions |
During the year the company owed balances of £20,523 (2022: £6,166) to Birkett Estates Limited and £305,470 (2022 : £977,610) to Chelsea Estates Limited. The loans are interest free. Both companies are registered in Guernsey, Channel Islands and are shareholders in the company.
During the year the directors had interest free loans with the company. At the balance sheet date the amount due to A J B Smith was £16,973 (2022 : £3,322) and from N J B Smith was £2,586 (2022 : £7,232).