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Company registration number: 03058653

Dalestead Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Dalestead Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Dalestead Limited

Company Information

Directors

Mr KA Hind

Mrs C Hind

Company secretary

Mrs C Hind

Registered office

4 Buttercrambe Road
Stamford Bridge
York
North Yorkshire
YO41 1AN

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dalestead Limited
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dalestead Limited for the year ended 31 October 2023 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Dalestead Limited, as a body, in accordance with the terms of our engagement letter dated 13 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of Dalestead Limited and state those matters that we have agreed to state to the Board of Directors of Dalestead Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dalestead Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dalestead Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dalestead Limited. You consider that Dalestead Limited 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 accounts of Dalestead Limited. 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 accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

Date:.............................

 

Dalestead Limited

(Registration number: 03058653)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

2,150,978

2,115,723

Investment property

6

406,240

406,240

 

2,557,218

2,521,963

Current assets

 

Stocks

392,674

187,988

Debtors

7

1,468,627

866,555

Other financial assets

50,000

50,000

Cash at bank and in hand

 

199,620

926,904

 

2,110,921

2,031,447

Creditors: Amounts falling due within one year

9

(229,136)

(219,158)

Net current assets

 

1,881,785

1,812,289

Total assets less current liabilities

 

4,439,003

4,334,252

Provisions for liabilities

(37,452)

(21,751)

Net assets

 

4,401,551

4,312,501

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

1,476,943

1,476,943

Retained earnings

2,923,608

2,834,558

Shareholders' funds

 

4,401,551

4,312,501

For the financial year ending 31 October 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.

Approved and authorised by the Board on 29 July 2024 and signed on its behalf by:
 

 

Dalestead Limited

(Registration number: 03058653)
Balance Sheet as at 31 October 2023

.........................................
Mr KA Hind
Director

   
     
 

Dalestead Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

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

The address of its registered office is:
4 Buttercrambe Road
Stamford Bridge
York
North Yorkshire
YO41 1AN

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 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 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 financial statements are prepared in sterling, which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in S398 of the Companies Act 2006 on the basis that the company and its parent comprise a small group.

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.

Government grants

Grants are credited to deferred revenue. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

 

Dalestead Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Tax

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 statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Any tangible fixed assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Plant & Machinery

20% reducing balance

Fixtures fittings & Equipment

15% reducing balance

Motor vehicles

25% reducing balance

Buildings & Improvements

10% straight line

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Dalestead Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

Dalestead Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

38,076

29,522

5

Tangible assets

Long leasehold land and buildings
£

Buildings & Improv'ts
 £

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

2,000,000

75,849

17,992

473,340

21,278

2,588,459

Additions

-

-

-

70,358

8,000

78,358

Disposals

-

-

-

(25,000)

-

(25,000)

At 31 October 2023

2,000,000

75,849

17,992

518,698

29,278

2,641,817

Depreciation

At 1 November 2022

-

75,849

11,616

367,531

17,740

472,736

Charge for the year

-

-

958

34,233

2,885

38,076

Eliminated on disposal

-

-

-

(19,973)

-

(19,973)

At 31 October 2023

-

75,849

12,574

381,791

20,625

490,839

Carrying amount

At 31 October 2023

2,000,000

-

5,418

136,907

8,653

2,150,978

At 31 October 2022

2,000,000

-

6,376

105,809

3,538

2,115,723

In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation are £523,057 ( 2022 - £523,057 ).

 

Dalestead Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Investment properties

2023
£

At 1 November

406,240

At 31 October

406,240

The directors consider that the market value of the company's investment property is not significantly different from cost.

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

7

Debtors

Note

2023
£

2022
£

Trade debtors

 

11,718

13,268

Amounts owed by group undertakings and undertakings in which the company has a participating interest

10

1,410,960

807,794

Prepayments

 

44,924

44,468

Other debtors

 

1,025

1,025

 

1,468,627

866,555

Current

Note

2023
£

2022
£

Trade debtors

 

11,718

13,268

Amounts owed by related parties

10

1,410,960

807,794

Prepayments

 

44,924

44,468

Other debtors

 

1,025

1,025

   

1,468,627

866,555

8

Current asset investments

Listed investments

Investments having a net book value of £50,000 (31 October 2022 - 50,000) are listed on a recognised stock exchange and had a market value of £74,498 at the end of the year (31 October 2022 - £74,940).

 

Dalestead Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

9

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

10,707

9,494

Taxation and social security

33,884

57,337

Accruals and deferred income

147,707

116,748

Other creditors

36,838

35,579

229,136

219,158

10

Related party transactions

Included in debtors is £1,357,904 ( 2022 - £757,794 ) due from Cawood Leisure Limited, a wholly owned subsidiary of Yorkshire Holiday Parks Limited.

11

Parent and ultimate parent undertaking

The company's immediate parent is Yorkshire Holiday Parks Limited, incorporated in England and Wales.