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Company No: 09667031 (England and Wales)

THE DENE GROUP LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

THE DENE GROUP LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

THE DENE GROUP LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
THE DENE GROUP LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
2024 2023
£ £
Current assets
Debtors 3 2,115 19,913
2,115 19,913
Creditors: amounts falling due within one year 4 ( 1,529) ( 600)
Net current assets 586 19,313
Total assets less current liabilities 586 19,313
Net assets 586 19,313
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account 584 19,311
Total shareholders' funds 586 19,313

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of The Dene Group Ltd (registered number: 09667031) were approved and authorised for issue by the Director on 23 August 2024. They were signed on its behalf by:

C J Whitehead
Director
THE DENE GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
THE DENE GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Dene Group Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The company is not currently trading but has the support of its director, and the director has a reasonable expectation that the Company has adequate resources to remain in existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Amounts owed by director 0 17,798
Corporation tax 2,115 2,115
2,115 19,913

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 870 0
Accruals 659 600
1,529 600

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 A Ordinary share of £ 1.00 1 1
1 B Ordinary share of £ 1.00 1 1
2 2

6. Related party transactions

At the balance sheet date £870 was owed by (2023: £17,798 owed to) the company by the director. The maximum amount outstanding in the year was £17,798, interest accrued on the loan from the company at 2.25% and the loan was repayable on demand. Dividends of £18,000 (2023: £20,500) were declared in the year.