Dana Strand Limited 05968740 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is income from rental properties. Digita Accounts Production Advanced 6.30.9574.0 true 05968740 2023-01-01 2023-12-31 05968740 2023-12-31 05968740 core:OtherReservesSubtotal 2023-12-31 05968740 core:RetainedEarningsAccumulatedLosses 2023-12-31 05968740 core:ShareCapital 2023-12-31 05968740 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05968740 core:OfficeEquipment 2023-12-31 05968740 bus:SmallEntities 2023-01-01 2023-12-31 05968740 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05968740 bus:FullAccounts 2023-01-01 2023-12-31 05968740 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05968740 bus:RegisteredOffice 2023-01-01 2023-12-31 05968740 bus:Director1 2023-01-01 2023-12-31 05968740 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05968740 core:OfficeEquipment 2023-01-01 2023-12-31 05968740 countries:EnglandWales 2023-01-01 2023-12-31 05968740 2022-12-31 05968740 core:OfficeEquipment 2022-12-31 05968740 2022-01-01 2022-12-31 05968740 2022-12-31 05968740 core:OtherReservesSubtotal 2022-12-31 05968740 core:RetainedEarningsAccumulatedLosses 2022-12-31 05968740 core:ShareCapital 2022-12-31 05968740 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 05968740 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 05968740

Dana Strand Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Dana Strand Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Dana Strand Limited

(Registration number: 05968740)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

91

122

Investment property

5

330,000

330,000

 

330,091

330,122

Current assets

 

Cash at bank and in hand

 

152,903

154,025

Creditors: Amounts falling due within one year

6

(77,390)

(79,517)

Net current assets

 

75,513

74,508

Total assets less current liabilities

 

405,604

404,630

Provisions for liabilities

(1,777)

(1,777)

Net assets

 

403,827

402,853

Capital and reserves

 

Called up share capital

100

100

Other reserves

9,351

9,351

Retained earnings

394,376

393,402

Shareholders' funds

 

403,827

402,853

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

 

Dana Strand Limited

(Registration number: 05968740)
Balance Sheet as at 31 December 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2024 and signed on its behalf by:
 

.........................................
B P Dean
Director

 

Dana Strand Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Glebe House
Sopworth
Chippenham
Wiltshire
SN14 6PS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the amount recievable from rental income during the year.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Dana Strand Limited

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

Asset class

Depreciation method and rate

Office equipment

25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Dana Strand Limited

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

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

2,106

2,106

At 31 December 2023

2,106

2,106

Depreciation

At 1 January 2023

1,984

1,984

Charge for the year

31

31

At 31 December 2023

2,015

2,015

Carrying amount

At 31 December 2023

91

91

At 31 December 2022

122

122

 

Dana Strand Limited

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

5

Investment properties

2023
£

Fair value adjustments

330,000

At 31 December

330,000

There has been no valuation of investment property by an independent valuer.

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

155

-

Other creditors

77,235

79,517

77,390

79,517