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Registration number: 07934398

Deepdale Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Deepdale Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Deepdale Holdings Limited

Company Information

Directors

Derek Muirhead

Stephanie Green

Daniel Thomas Muirhead

Company secretary

Daniel Thomas Muirhead

Registered office

Unit 2
Queens Meadow Ind. Park
Hartlepool
TS25 5TE

Accountants

Barkess & Co
Stockton Business Centre
70-74 Brunswick Street
Stockton on Tees
TS18 1DW

 

Deepdale Holdings Limited

(Registration number: 07934398)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

5

300

201

Current assets

 

Debtors

6

10,267

71,588

Cash at bank and in hand

 

746,138

505,310

 

756,405

576,898

Creditors: Amounts falling due within one year

7

(249,913)

(178,234)

Net current assets

 

506,492

398,664

Total assets less current liabilities

 

506,792

398,865

Provisions for liabilities

-

(8,178)

Net assets

 

506,792

390,687

Capital and reserves

 

Called up share capital

8

1,200

1,200

Retained earnings

505,592

389,487

Shareholders' funds

 

506,792

390,687

For the financial year ending 30 November 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.

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 30 August 2024 and signed on its behalf by:
 

 

Deepdale Holdings Limited

(Registration number: 07934398)
Balance Sheet as at 30 November 2023

.........................................
Derek Muirhead
Director

 

Deepdale Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

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

The address of its registered office is:
Unit 2
Queens Meadow Ind. Park
Hartlepool
TS25 5TE
England

These financial statements were authorised for issue by the Board on 30 August 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Deepdale Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

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:

Asset class

Depreciation method and rate

Freehold Property

1% straight line

Plant and machinery

Straight line between 4 and 8 years

Fixtures fittings and equipment

Straight line between 4 and 8 years

Motor vehicles

20% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Deepdale Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 5).

 

Deepdale Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

388,960

848,278

1,237,238

At 30 November 2023

388,960

848,278

1,237,238

Depreciation

At 1 December 2022

388,960

848,278

1,237,238

At 30 November 2023

388,960

848,278

1,237,238

Carrying amount

At 30 November 2023

-

-

-

Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of freehold land and buildings.
 

5

Investments

2023
£

2022
£

Investments in subsidiaries

300

201

Subsidiaries

£

Cost or valuation

At 1 December 2022

201

Additions

99

At 30 November 2023

300

Provision

Carrying amount

At 30 November 2023

300

At 30 November 2022

201

 

Deepdale Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

Unitised Fabrications Limited

Deepdale Holdings, Queens Meadow Business Park, Hartlepool, TS25 5TE

England

Ordinary Share

100%

100%

Integrated Modular Partitions Limited

Unit 2, Queens Meadow Ind. Park, Hartlepool, TS25 5TE

England

Ordinary

100%

100%

Subsidiary undertakings

Unitised Fabrications Limited

The principal activity of Unitised Fabrications Limited is the supply of cladding and building fascia.

Integrated Modular Partitions Limited

The principal activity of Integrated Modular Partitions Limited is the supply of cladding and building fascia.

6

Debtors

Current

2023
£

2022
£

Other debtors

10,267

71,588

 

10,267

71,588

 

Deepdale Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

15,811

8,602

Taxation and social security

137,055

10,369

Accruals and deferred income

6,755

3,095

Other creditors

90,292

156,168

249,913

178,234

Creditors: amounts falling due after more than one year

2023
£

2022
£

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

A Ordinary shares of £1 each

834

834

834

834

B Ordinary Shares of £1 each

320

320

320

320

C Ordinary Shares of £1 each

46

46

46

46

1,200

1,200

1,200

1,200

9

Dividends

2023

2022

£

£

Interim dividend of £21.00 (2022 - £30.00) per ordinary share

25,000

36,000

 

 
 

Deepdale Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

10

Related party transactions

Transactions with directors

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

Derek Muirhead

Director's current account

8,405

1,960

(99)

10,266

2022

At 1 December 2021
£

Advances to director
£

At 30 November 2022
£

Derek Muirhead

Director's current account

-

8,405

8,405

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

111,600

101,401

Contributions paid to money purchase schemes

250,609

5,064

362,209

106,465

Dividends paid to directors

 

Deepdale Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

2023
£

2022
£

Derek Muirhead

Interim dividends

5,000

4,500

 

 

Daniel Thomas Muirhead

Interim dividends

5,000

13,500

 

 

Stephanie Green

Interim dividends

5,000

13,500

 

 

Summary of transactions with subsidiaries

Income and receivables from related parties

2023

Subsidiary
£

Sale of goods

53,255

Receipt of services

518,096

Leases

72,000

643,351

2022

Subsidiary
£

Sale of goods

139,997

Loans from related parties

2023

Subsidiary
£

Total
£

At start of period

147,267

147,267

Repaid

(66,453)

(66,453)

At end of period

80,814

80,814

2022

Subsidiary
£

Total
£

Advanced

311,812

311,812

Repaid

(164,545)

(164,545)

At end of period

147,267

147,267