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REGISTERED NUMBER: 13685097 (England and Wales)









Unaudited Financial Statements

for the Year Ended

31 October 2023

for

Dale Inn Developments Limited

Dale Inn Developments Limited (Registered number: 13685097)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Dale Inn Developments Limited (Registered number: 13685097)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,352 2,112
Investment property 5 267,649 -
299,001 2,112

CURRENT ASSETS
Stocks 331,381 387,820
Debtors 6 12,363 429
Cash at bank 2,467 694
346,211 388,943
CREDITORS
Amounts falling due within one year 7 689,905 402,723
NET CURRENT LIABILITIES (343,694 ) (13,780 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,693

)

(11,668

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (44,793 ) (11,768 )
(44,693 ) (11,668 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit or Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:



D Haigh - Director


Dale Inn Developments Limited (Registered number: 13685097)

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

1. STATUTORY INFORMATION

Dale Inn Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13685097

Registered office: 21a Jagger Lane
Emley Moor
Huddersfield
HD8 9SY

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention.

Going concern
These financial statements show that as at the balance sheet date the company had net liabilities. However, the director believes that it is appropriate to prepare the accounts on a going concern basis due to the related undertakings offering continued support to the company.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets, other than [investment properties] and freehold land, at rates calculated to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life.

Plant and machinery25% reducing balance
Motor vehicles25% reducing balance
Computer equipment33% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Investment property
Investment property for which fair value can be measured reliably without undue cost or effort on an ongoing basis is measured at fair value annually with any change recognised in the profit and loss account.

Stocks
Stock represents land and a building acquired for development, together with work in progress on this land and building. The asset is valued at the lower of cost and selling price, less costs to sell, which is equivalent to net realisable value. Cost for this purpose comprises the purchase cost of the land and building, associated direct costs, including costs of development.

Dale Inn Developments Limited (Registered number: 13685097)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - other debtors, cash and bank balances, trade creditors, other creditors, and amounts due to related undertakings (being repayable on demand). These are all measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

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

Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

Dale Inn Developments Limited (Registered number: 13685097)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 2,600
Additions 97,994
Disposals (63,696 )
At 31 October 2023 36,898
DEPRECIATION
At 1 November 2022 488
Charge for year 5,058
At 31 October 2023 5,546
NET BOOK VALUE
At 31 October 2023 31,352
At 31 October 2022 2,112

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 84,484
Reclassification from work in
progress 183,165
At 31 October 2023 267,649
NET BOOK VALUE
At 31 October 2023 267,649

The director believes the market value of the investment property as at 31 October 2023 is equal to the purchase and development costs paid to date.

The historic cost of the investment property is £267,649.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 12,363 429

Dale Inn Developments Limited (Registered number: 13685097)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,538 936
Amounts owed to related undertakings 684,567 49,806
Other creditors 2,800 351,981
689,905 402,723

8. CALLED UP SHARE CAPITAL

2023 0232
£ £
Allotted, issued and fully paid 100 100

9. RELATED PARTY DISCLOSURES

The sole director and shareholder of the company is also a director and shareholder of Haigh Property Services Limited.

During the year ended 31 October 2023 the company loaned £106,907 from Haigh Property Services Limited. The balance due to Haigh Property Services Limited as at the period end was £156,713. This
balance is shown in note 7 of the accounts, is repayable on demand, and is non interest bearing.

The sole director and shareholder of the company is also a director and shareholder of Haigh Healthcare Limited.

During the period ended 31 October 2023 the company loaned £527,854 from Haigh Healthcare Limited. The balance due to Haigh Healthcare Limited as at the period end was £527,854. This
balance is shown in note 7 of the accounts, is repayable on demand, and is non interest bearing.