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Registration number: 11605840

Danum Homes Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Danum Homes Limited

(Registration number: 11605840)

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4,074,828

4,264,228

Debtors

3

3,349

203,699

Cash at bank and in hand

 

1,569,229

520,286

 

5,647,406

4,988,213

Creditors: Amounts falling due within one year

4

(2,908,350)

(3,651,720)

Net assets

 

2,739,056

1,336,493

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

2,738,956

1,336,393

Shareholders' funds

 

2,739,056

1,336,493

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.

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 and the option not to file the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 16 September 2024 and signed on its behalf by:
 

.........................................

Mr S Mosby
Director

 

Danum Homes Limited

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

1

Accounting policies

Danum Homes Limited is a private company, limited by shares, domiciled in England and Wales, company number 11605840. The registered office is at Danum Homes Limited, Rands Lane, Armthorpe, Doncaster, South Yorkshire, DN3 3DZ, England.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax, based on sales of properties which are recognised on legal completion, when the construction is completed.

Tax

The tax expense for the period comprises tax. Tax is recognised in statement of income and retained earnings, 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.

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.

Development properties

Work in progress is valued at the lower of cost and net realisable value. Cost represents all construction and material costs incurred in bringing properties to their present location and condition. Net realisable value represents expected future sale price less costs expected to be incurred in completing the property.

2

Staff numbers

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

 

Danum Homes Limited

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

3

Debtors

2023
£

2022
£

Trade debtors

-

85,900

Other debtors

3,349

117,799

3,349

203,699

4

Creditors

2023
£

2022
£

Trade creditors

8,466

474,141

Taxation and social security

586,766

220,642

Accruals and deferred income

24,500

11,670

Other creditors

2,288,618

2,945,267

2,908,350

3,651,720

6

Related party transactions

Transactions with directors

2023

At 1 January 2023
£

Repayments by director
£

At 31 December 2023
£

Mr S Mosby

Directors loan account

65,000

(65,000)

-

       
     

Mr S L Mosby

Directors loan account

50,000

(50,000)

-

       
     

 

2022

At 1 January 2022
£

Advances to directors
£

At 31 December 2022
£

Mr S Mosby

Directors loan account

-

65,000

65,000

       
     

Mr S L Mosby

Directors loan account

-

50,000

50,000