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REGISTERED NUMBER: 01141474 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Dayplace Limited

Dayplace Limited (Registered number: 01141474)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dayplace Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J A D'Arcy
Mr R J B D'Arcy
Mrs J M D'Arcy
Mr T M D'Arcy





SECRETARY: Mrs J M D'Arcy





REGISTERED OFFICE: Base Business Park
15 Britannia House
Rendlesham
Woodbridge
Suffolk
IP12 2TZ





REGISTERED NUMBER: 01141474 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

Dayplace Limited (Registered number: 01141474)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,506,000 4,506,000

CURRENT ASSETS
Debtors 5 1,522,802 1,738,006
Cash at bank 256,023 336,863
1,778,825 2,074,869
CREDITORS
Amounts falling due within one year 6 631,673 607,119
NET CURRENT ASSETS 1,147,152 1,467,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,653,152

5,973,750

CREDITORS
Amounts falling due after more than one
year

7

(3,052,278

)

(3,127,913

)

PROVISIONS FOR LIABILITIES 10 (105,245 ) (79,986 )
NET ASSETS 2,495,629 2,765,851

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11 2,495,529 2,765,751
SHAREHOLDERS' FUNDS 2,495,629 2,765,851

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

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

The directors acknowledge their 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.

Dayplace Limited (Registered number: 01141474)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr J A D'Arcy - Director


Dayplace Limited (Registered number: 01141474)

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

1. STATUTORY INFORMATION

Dayplace Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Dayplace Limited (Registered number: 01141474)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 4,506,000
NET BOOK VALUE
At 31 December 2023 4,506,000
At 31 December 2022 4,506,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 1,706,840
Cost 2,799,160
4,506,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,799,160 2,799,160

Investment property was valued on an open market basis on 31 December 2021 by Lambert Smith Hampton .

For the year ended 31 December 2023 the directors reviewed the valuation of the investment properties on an open market basis and were of the opinion that no further revaluation adjustment was required to the valuation of £4,506,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,619 35,835
Other debtors 1,507,183 1,702,171
1,522,802 1,738,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 75,632 75,628
Trade creditors 426,403 423,177
Taxation and social security 1,365 11,769
Other creditors 128,273 96,545
631,673 607,119

Dayplace Limited (Registered number: 01141474)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 3,052,278 3,127,913

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 75,632 75,628

Amounts falling due between two and five years:
Bank loans - due over 1 year 3,052,278 3,127,913

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,127,910 3,203,541

The long-term loans are secured by fixed charges over the investment properties of the company, and a debenture charge over the entire assets and undertakings of the company.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 105,245 79,986

Deferred
tax
£   
Balance at 1 January 2023 79,986
Charge to Income Statement during year 25,259
Balance at 31 December 2023 105,245

Dayplace Limited (Registered number: 01141474)

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

11. RESERVES
Retained
earnings
£   

At 1 January 2023 2,765,751
Deficit for the year (20,222 )
Dividends (250,000 )
At 31 December 2023 2,495,529

Retained earnings



Distributable
Non -
Distributable

Total
£   £   £   
Retained earnings at 1 January 20231,138,8951,626,8562,765,751
Loss for the year(244,963)(25,259)(270,222)
Retained earnings at 31 December 2023893,9321,601,5972,495,529

12. OTHER FINANCIAL COMMITMENTS

In addition to the security given for the bank loans in note 9, the company is party to a cross guarantee with respect to bank borrowings of related companies which at 31 December 2023 totalled £6,509,754 (2022: £6,556,318).

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr J A D'Arcy
Balance outstanding at start of year 61,566 51,920
Amounts advanced 70,876 61,566
Amounts repaid (61,566 ) (51,920 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,876 61,566

Mr R J B D'Arcy and Mrs J M D'Arcy
Balance outstanding at start of year 57,666 94,907
Amounts advanced 68,725 57,666
Amounts repaid (57,666 ) (94,907 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,725 57,666

Dayplace Limited (Registered number: 01141474)

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

14. ULTIMATE CONTROLLING PARTY

The parent company of Dayplace Limited is Candypost Limited, a company registered in England and Wales with the registered office of Base Business Park, 15 Britannia House, Rendlesham, Woodbridge, Suffolk, IP12 2TZ.