DANCASTLE ASSOCIATES LIMITED

Company Registration Number:
01487107 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

DANCASTLE ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

DANCASTLE ASSOCIATES LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 102 102
Total fixed assets: 102 102
Current assets
Debtors:   6,894,372 8,810,764
Cash at bank and in hand: 694,988 794,135
Total current assets: 7,589,360 9,604,899
Creditors: amounts falling due within one year:   (7,564,819) (9,603,212)
Net current assets (liabilities): 24,541 1,687
Total assets less current liabilities: 24,643 1,789
Total net assets (liabilities): 24,643 1,789
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 24,443 1,589
Shareholders funds: 24,643 1,789

The notes form part of these financial statements

DANCASTLE ASSOCIATES LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: Lee Dagul
Status: Director

The notes form part of these financial statements

DANCASTLE ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DANCASTLE ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

DANCASTLE ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Fixed investments

Shares in subsidary undertakings at cost £102 (2022 - £102).

DANCASTLE ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Financial commitments

The company has guaranteed a bank loan of £3m made to a subsidiary undertaking and has charged its shareholdings in the subsidiary undertakings to the bank.

DANCASTLE ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Related party transactions

Name of the related party:
Relationship:
Companies under common control
Description of the Transaction: Property management fees receivable.
£
Balance at 01 November 2022 14,905
Balance at 31 October 2023 66,721
Name of the related party:
Relationship:
Company under common control
Description of the Transaction: Loan balance due included in debtors. The loan is repayable on demand and no interest has been charged.
£
Balance at 01 November 2022 0
Balance at 31 October 2023 643,303
Name of the related party:
Relationship:
Company under common control
Description of the Transaction: Included in creditors are loan notes issued to fund short term advances made by the company. Repayment dates are all within one year and interest payable of £371,242 (2022 - £406,647) has been charged at normal market rates.
£
Balance at 01 November 2022 7,867,975
Balance at 31 October 2023 6,165,638