Company registration number:
01344374
Donald C Larder Limited
Trading as
Donald C Larder Limited
Unaudited filleted financial statements
24 December 2023
Donald C Larder Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Donald C Larder Limited
Directors and other information
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Director |
Ms Jennifer Sherlock |
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Secretary |
Jennifer Sherlock |
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Company number |
01344374 |
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The Flat |
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21 Southgate |
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Sleaford |
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NG34 7SU |
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Business address |
The Flat |
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21 Southgate |
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Sleaford |
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Lincolnshire |
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NG34 7SU |
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Accountant |
Bush & Co |
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95 Boston Road |
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Sleaford |
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Lincolnshire |
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NG34 7HP |
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Donald C Larder Limited
Statement of financial position
24 December 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
400,875 |
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400,875 |
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_______ |
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_______ |
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400,875 |
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400,875 |
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Current assets |
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Debtors |
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6 |
638 |
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215 |
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Cash at bank and in hand |
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24,230 |
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33,566 |
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_______ |
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_______ |
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24,868 |
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33,781 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
25,073) |
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(
31,869) |
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_______ |
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_______ |
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Net current (liabilities)/assets |
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(
205) |
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1,912 |
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_______ |
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_______ |
Total assets less current liabilities |
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400,670 |
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402,787 |
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Creditors: amounts falling due |
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after more than one year |
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8 |
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(
70,348) |
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(
73,064) |
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_______ |
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_______ |
Net assets |
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330,322 |
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329,723 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1,000 |
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1,000 |
Revaluation reserve |
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73,684 |
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73,684 |
Profit and loss account |
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255,638 |
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255,039 |
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_______ |
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_______ |
Shareholders funds |
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330,322 |
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329,723 |
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_______ |
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_______ |
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For the year ending 24 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 July 2024
, and are signed on behalf of the board by:
Ms Jennifer Sherlock
Director
Company registration number:
01344374
Donald C Larder Limited
Notes to the financial statements
Year ended 24 December 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Donald C Larder Limited, The Flat, 21 Southgate, Sleaford, NG34 7SU.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
Turnover
Turnover represents the value of rental income received and payable.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subseqeunt accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment property, being property held to earn rentals or for capital appreciation or both, is measured initially at cost, which includes purchase price and any directly attributable expenditure.Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss
Financial instruments
The company only holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets-trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classifies as a basic financial instrument and is measured at amortised cost. Financial liabilities-trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments' disclosure definition.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Tangible assets
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Freehold and leasehold properties |
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£ |
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Cost |
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At 25 December 2022 and 24 December 2023 |
400,875 |
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_______ |
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Carrying amount |
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At 24 December 2023 |
400,875 |
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_______ |
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At 24 December 2022 |
400,875 |
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_______ |
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Investment property
The investment property at the Market Place, Sleaford was revalued by the director
Jennifer Sherlock
on 24th December 2021 and deemed to be unchanged at 24th December 2023. The value of the investment property at 33-35 Boston Road, Sleaford was also deemed by the director to be unchanged at £120,000.
6.
Debtors
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2023 |
2022 |
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£ |
£ |
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Other debtors |
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638 |
215 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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2,750 |
2,750 |
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Corporation tax |
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3,190 |
4,957 |
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Other creditors |
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19,133 |
24,162 |
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_______ |
_______ |
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25,073 |
31,869 |
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_______ |
_______ |
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8.
Creditors: amounts falling due after more than one year
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2023 |
2022 |
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£ |
£ |
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Other creditors |
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70,348 |
73,064 |
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_______ |
_______ |
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The loan is secured against 33-35 Boston Road, Sleaford, Lincolnshire, NG34 7ER.
£50,000 redeemable preference shares
9.
Related party transactions
During the year the company entered into the following transactions with related parties:
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Transaction value |
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2023 |
2022 |
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£ |
£ |
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Jennifer Sherlock |
7,958
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5,961
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_______ |
_______ |
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A business owned solely by the director
Jennifer Sherlock
supplied property management and administration services to Donald C Larder Limited
. The services were supplied on a commercial basis.
10.
Controlling party
During the year ended 24th December 2023, the director
Jennifer Sherlock
together with members of the close family controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.