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REGISTERED NUMBER: 06413398















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.






Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ


29 August 2024

Danlea Limited (Registered number: 06413398)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 130 -
130 -

CURRENT ASSETS
Debtors 6 1,340,926 1,953,055
Cash at bank and in hand 3,278 7,530
1,344,204 1,960,585
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

7

1,058,312

163,954
NET CURRENT ASSETS 285,892 1,796,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,022

1,796,631

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE
YEAR


8


163,426


1,671,404
NET ASSETS 122,596 125,227

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 122,594 125,225
122,596 125,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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


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 director and authorised for issue on 29 August 2024 and were signed by:





Mr J A Samuels - Director


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
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.

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 2 (2022 - 2 ) .

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 2,697
DEPRECIATION
At 1 December 2022
and 30 November 2023 2,697
NET BOOK VALUE
At 30 November 2023 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 December 2022 100
Additions 30
At 30 November 2023 130
NET BOOK VALUE
At 30 November 2023 130
At 30 November 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 557 -
Other debtors 1,340,369 1,953,055
1,340,926 1,953,055

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 - 288
Taxation and social security - 1,144
Other creditors 1,058,312 162,522
1,058,312 163,954

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Other creditors 163,426 1,671,404

9. RESERVES
Retained
earnings
£   

At 1 December 2022 125,225
Deficit for the year (2,631 )
At 30 November 2023 122,594

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.