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REGISTERED NUMBER: 14530349 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

8TH DECEMBER 2022 TO 31ST MARCH 2024

FOR

DANESWOOD DEVELOPMENTS LIMITED

DANESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14530349)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 8TH DECEMBER 2022 TO 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DANESWOOD DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 8TH DECEMBER 2022 TO 31ST MARCH 2024







DIRECTORS: J P Cockram
J F Hamilton





REGISTERED OFFICE: 25 St. Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 14530349 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

DANESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14530349)

BALANCE SHEET
31ST MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 782
Investments 5 2,306,118
Investment property 6 1,240,000
3,546,900

CURRENT ASSETS
Debtors 7 73,827
Cash at bank and in hand 70,233
144,060
CREDITORS
Amounts falling due within one year 8 27,675
NET CURRENT ASSETS 116,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,663,285

PROVISIONS FOR LIABILITIES 552,437
NET ASSETS 3,110,848

CAPITAL AND RESERVES
Called up share capital 9 9,700
Fair value reserve 536,106
Investments fair value reserve 1,140,585
Retained earnings 1,424,457
SHAREHOLDERS' FUNDS 3,110,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 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.

DANESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14530349)

BALANCE SHEET - continued
31ST MARCH 2024


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 30th August 2024 and were signed on its behalf by:





J F Hamilton - Director


DANESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14530349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 8TH DECEMBER 2022 TO 31ST MARCH 2024


1. STATUTORY INFORMATION

Daneswood Developments 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 represents rental and investment income.

Rental income is measured at the fair value of consideration receivable and recognised in accordance with the date of letting.

Investment income is measured at the fair value of consideration received and recognised on receipt.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 period 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 period 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 period was NIL.

DANESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14530349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 8TH DECEMBER 2022 TO 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 894
At 31st March 2024 894
DEPRECIATION
Charge for period 112
At 31st March 2024 112
NET BOOK VALUE
At 31st March 2024 782

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 8,894,644
Disposals (6,759,816 )
Revaluations 171,290
At 31st March 2024 2,306,118
NET BOOK VALUE
At 31st March 2024 2,306,118

The book cost of listed and unlisted investments before revaluation to fair value at the year ended 31 March 2024 was £785,337.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,240,000
At 31st March 2024 1,240,000
NET BOOK VALUE
At 31st March 2024 1,240,000

Investment property is valued on an open market basis as of 31 March 2024, by the directors.

The book cost of investment property before revaluation to fair value at the year ended 31 March 2024 was £525,192.

DANESWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14530349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 8TH DECEMBER 2022 TO 31ST MARCH 2024


7. DEBTORS
£   
Amounts falling due within one year:
Other debtors 71,827

Amounts falling due after more than one year:
Other debtors 2,000

Aggregate amounts 73,827

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 27,675

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
4,900 Ordinary A 1 4,900
799 Ordinary B 1 799
4,001 Ordinary C 1 4,001
9,700

The following shares were allotted and fully paid for cash at par during the period:

4,900 Ordinary A shares of 1 each
799 Ordinary B shares of 1 each
4,001 Ordinary C shares of 1 each

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024:

Director

During the year amounts advanced totalled £17,022, amounts repaid totalled £12,454. The balance due from the director at the end of year is £4,568.