Registered number
12960369
Diamond Biodiversity Holdings Ltd
Unaudited Filleted Accounts
30 October 2023
Diamond Biodiversity Holdings Ltd
Registered number: 12960369
Balance Sheet
as at 30 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 616,263 593,424
Investments 4 100 100
616,363 593,524
Current assets
Debtors 5 11 3,026
Cash at bank and in hand 12,711 139,719
12,722 142,745
Creditors: amounts falling due within one year 6 (44,874) (10,033)
Net current (liabilities)/assets (32,152) 132,712
Total assets less current liabilities 584,211 726,236
Creditors: amounts falling due after more than one year 7 (513,856) (668,508)
Provisions for liabilities (3,742) (3,874)
Net assets 66,613 53,854
Capital and reserves
Called up share capital 100 100
Profit and loss account 66,513 53,754
Shareholder's funds 66,613 53,854
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Diamond
Director
Approved by the board on 30 July 2024
Diamond Biodiversity Holdings Ltd
Notes to the Accounts
for the year ended 30 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings nil
Property improvements Straight line over 50 years
Plant and machinery Straight line over 25 years
Investments
Investments in equity shares which are not publicily traded and where fair value cannot be measurement reliabily are measured at cost less impairment.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant & machinery Property improvements Total
£ £ £ £
Cost
At 31 October 2022 454,370 14,830 127,914 597,114
Additions - - 26,497 26,497
At 30 October 2023 454,370 14,830 154,411 623,611
Depreciation
At 31 October 2022 - 593 3,097 3,690
Charge for the year - 570 3,088 3,658
At 30 October 2023 - 1,163 6,185 7,348
Net book value
At 30 October 2023 454,370 13,667 148,226 616,263
At 30 October 2022 454,370 14,237 124,817 593,424
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 31 October 2022 100
At 30 October 2023 100
5 Debtors 2023 2022
£ £
Other debtors 11 3,026
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 8,378
Taxation and social security costs 1,990 -
Other creditors 42,884 1,655
44,874 10,033
7 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 513,856 668,508
8 Other information
Diamond Biodiversity Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Tredallett Farm
Duloe
Liskeard
PL14 4PR
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