REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
Danlea Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
Danlea Limited |
Danlea Limited (Registered number: 06413398) |
Contents of the Financial Statements |
for the Year Ended 30 November 2023 |
Page |
Chartered Accountants' Report | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Danlea Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Danlea Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Danlea Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Danlea Limited and state those matters that we have agreed to state to the director of Danlea Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Danlea Limited and its director for our work or for this report. |
It is your duty to ensure that Danlea Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Danlea Limited. You consider that Danlea Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Danlea Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
2nd Floor, Heathmans House |
19 Heathmans Road |
London |
SW6 4TJ |
Danlea Limited (Registered number: 06413398) |
Balance Sheet |
30 November 2023 |
30.11.23 | 30.11.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 9 |
The director acknowledges his 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. |
Danlea Limited (Registered number: 06413398) |
Balance Sheet - continued |
30 November 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Danlea Limited (Registered number: 06413398) |
Notes to the Financial Statements |
for the Year Ended 30 November 2023 |
1. | STATUTORY INFORMATION |
Danlea Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06413398 and its registered address is Oatscroft, Heyshott, Midhurst, England, GU29 0DZ. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements. |
Turnover |
Revenue is recognised on construction contracts undertaken on the basis of the assessed completion of works at the accounting date. Revenue from the sale of properties is recognised on legal completion of the sales. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are recognised in the Income Statement on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Danlea Limited (Registered number: 06413398) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 December 2022 |
and 30 November 2023 |
DEPRECIATION |
At 1 December 2022 |
and 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaking |
£ |
COST |
At 1 December 2022 |
Additions |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Trade debtors |
Other debtors |
Included in the other debtors, £5,786 (2022: £1,262,035) was owed by Dolphin Quay LLP, in which the company has a controlling interest - see Note 12 for further details. |
Included in the other debtors, a sum of £733,539 (2022: £595,03) was owed by Danfriston Ltd, a wholly owned subsidiary. |
Included in the other debtors, a sum of £599,970 (2022: £Nil) was owed by Dorchester Apartments Ltd, a company in which Danlea Ltd holds a non-controlling interest. |
Danlea Limited (Registered number: 06413398) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.23 | 30.11.22 |
£ | £ |
Other creditors |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 December 2022 |
Deficit for the year | ( |
) |
At 30 November 2023 |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
Included within the year end creditors balance is an amount due from the company to Mr J Samuel of £896,028 (2022: £295,716). Throughout the year, total withdrawal of funds amounted to £Nil, with total deposits of £600,312 (2022: £312). The outstanding balance is unsecured, repayable on demand and not subject to interest. |
As at the year end, a sum of £163,426 (2022:£1,376,000) was owed to Tableswitch Ltd, a company under the control of the director J Samuel. Throughout the year, total withdrawal of funds amounted to £1,272,574, with total deposits of £60,000 (2022: £Nil). The outstanding balance is unsecured, repayable on demand and not subject to interest. |
11. | INVESTMENTS IN ASSOCIATES AND SUBSIDIARIES |
Danlea Limited has a 92% share in Dolphin Quay LLP and therefore has ultimate control over this subsidiary. Dolphin Quay LLP is a partnership incorporated in England and Wales. Their registered address is Oatscroft, Heyshott, Midhurst, United Kingdom, GU29 0DZ. |
Danlea Limited and its subsidiaries are a small group and therefore exempt from the requirement to prepare group accounts. |