Dennis Baldwin Group Limited 06542371 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of property rental Digita Accounts Production Advanced 6.30.9574.0 true true true 06542371 2023-01-01 2023-12-31 06542371 2023-12-31 06542371 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-12-31 06542371 core:CurrentFinancialInstruments 2023-12-31 06542371 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06542371 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 06542371 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-12-31 06542371 core:ParentEntities 2023-12-31 06542371 bus:SmallEntities 2023-01-01 2023-12-31 06542371 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06542371 bus:FilletedAccounts 2023-01-01 2023-12-31 06542371 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06542371 bus:RegisteredOffice 2023-01-01 2023-12-31 06542371 bus:Director1 2023-01-01 2023-12-31 06542371 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-01-01 2023-12-31 06542371 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06542371 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-01-01 2023-12-31 06542371 core:ParentEntities 2023-01-01 2023-12-31 06542371 core:ParentEntities core:RenderingOrReceivingServices 2023-01-01 2023-12-31 06542371 1 2023-01-01 2023-12-31 06542371 countries:England 2023-01-01 2023-12-31 06542371 2022-12-31 06542371 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-12-31 06542371 core:ParentEntities 2022-12-31 06542371 2022-01-01 2022-12-31 06542371 2022-12-31 06542371 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-12-31 06542371 core:CurrentFinancialInstruments 2022-12-31 06542371 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 06542371 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 06542371 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-12-31 06542371 core:ParentEntities core:RenderingOrReceivingServices 2022-01-01 2022-12-31 06542371 2021-12-31 06542371 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06542371

Dennis Baldwin Group Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Dennis Baldwin Group Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 7

 

Dennis Baldwin Group Limited

(Registration number: 06542371)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

2,908,200

2,908,200

Current assets

 

Debtors

23,591

18,465

Cash at bank and in hand

 

843,147

17,391

 

866,738

35,856

Creditors: Amounts falling due within one year

5.1

(1,106,194)

(117,292)

Net current liabilities

 

(239,456)

(81,436)

Total assets less current liabilities

 

2,668,744

2,826,764

Creditors: Amounts falling due after more than one year

5.2

(1,166,519)

(1,341,413)

Provisions for liabilities

(14,039)

(11,378)

Accruals and deferred income

 

(1,500)

(1,500)

Net assets

 

1,486,686

1,472,473

Capital and reserves

 

Called up share capital

6

800

800

Capital redemption reserve

200

200

Retained earnings

1,485,686

1,471,473

Shareholders' funds

 

1,486,686

1,472,473

 

Dennis Baldwin Group Limited

(Registration number: 06542371)
Abridged Balance Sheet as at 31 December 2023

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:

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

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

Approved and authorised by the Board on 3 April 2024 and signed on its behalf by:
 

.........................................
Mr R P Baldwin
Director

 

Dennis Baldwin Group Limited

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

1

General information

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

The address of its registered office is:
Fourth Floor
St James House
St James's Row
Burnley
Lancashire
BB11 1DR

These financial statements were authorised for issue by the Board on 3 April 2024.

2

Accounting policies

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dennis Baldwin Group Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Dennis Baldwin Group Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Investment properties

2023
£

At 1 January

2,908,200

There has been no valuation of investment property by an independent valuer.

5

Creditors

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £62,947 (2022 - £79,272).

 

Dennis Baldwin Group Limited

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

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £1,166,519 (2022 - £1,175,178)

Creditors include bank loans repayable by instalments of £857,887 (2022 - £818,430) due after more than five years.

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

800

800

800

800

       

7

Related party transactions

Summary of transactions with parent

Dennis Baldwin Properties Limited
 

Summary of transactions with entities with joint control or significant interest

Byworth Boiler Hire Limited
 

Expenditure with and payables to related parties

2023

Parent
£

Rendering of services

40,000

2022

Parent
£

Rendering of services

44,000

Loans from related parties

2023

Parent
£

Entities with joint control or significant influence
£

Total
£

At start of period

-

166,235

166,235

Advanced

85,700

-

85,700

Repaid

-

(166,235)

(166,235)

At end of period

85,700

-

85,700

 

Dennis Baldwin Group Limited

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

2022

Entities with joint control or significant influence
£

Total
£

At start of period

166,235

166,235

At end of period

166,235

166,235

8

Parent and ultimate parent undertaking

The compoany is a wholly owned subsidiary of Dennis Baldwin Properties Limited.

 The company's immediate parent is Dennis Baldwin Properties Limited, incorporated in England.

  These financial statements are available upon request from Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ