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REGISTERED NUMBER: 08147260 (England and Wales)












Dangar Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Dangar Limited (Registered number: 08147260)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Dangar Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T J Dangar Esq
Mrs M Dangar
Mrs C Daniels





REGISTERED OFFICE: Brunswick House
Fore Street
Tintagel
Cornwall
PL34 0DA





REGISTERED NUMBER: 08147260 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED

Dangar Limited (Registered number: 08147260)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 828,547 624,984

CURRENT ASSETS
Stocks 619 -
Debtors 5 25,370 3,973
Cash at bank and in hand 1,496,192 1,496,782
1,522,181 1,500,755
CREDITORS
Amounts falling due within one year 6 65,946 102,017
NET CURRENT ASSETS 1,456,235 1,398,738
TOTAL ASSETS LESS CURRENT LIABILITIES 2,284,782 2,023,722

PROVISIONS FOR LIABILITIES 35,825 -
NET ASSETS 2,248,957 2,023,722

CAPITAL AND RESERVES
Called up share capital 40 40
Capital redemption reserve 20 20
Retained earnings 2,248,897 2,023,662
SHAREHOLDERS' FUNDS 2,248,957 2,023,722

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 22 September 2024 and were signed on its behalf by:





T J Dangar Esq - Director


Dangar Limited (Registered number: 08147260)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dangar 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost and not provided for on Land
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

Dangar Limited (Registered number: 08147260)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property Buildings machinery fittings Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 513,605 55,632 327,800 67,317 964,354
Additions 19,621 50,222 33,013 - 102,856
Revaluations 155,350 - - - 155,350
At 31 March 2024 688,576 105,854 360,813 67,317 1,222,560
DEPRECIATION
At 1 April 2023 55,170 1,005 228,700 54,495 339,370
Charge for year 16,482 5,988 28,967 3,206 54,643
At 31 March 2024 71,652 6,993 257,667 57,701 394,013
NET BOOK VALUE
At 31 March 2024 616,924 98,861 103,146 9,616 828,547
At 31 March 2023 458,435 54,627 99,100 12,822 624,984

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and
property Buildings machinery fittings Totals
£    £    £    £    £   
Valuation in 2020 (127,027 ) - - - (127,027 )
Valuation in 2024 155,350 - - - 155,350
Cost 660,253 105,854 360,813 67,317 1,194,237
688,576 105,854 360,813 67,317 1,222,560

Freehold property was valued on an open market basis by Kivells on 13th December 2023. The directors are of the opinion that this valuation continues to be accurate as at 31st March 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 25,370 3,973

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,723 12,016
Taxation and social security 58,958 68,738
Other creditors 4,265 21,263
65,946 102,017

Dangar Limited (Registered number: 08147260)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs M Dangar and T J Dangar Esq
Balance outstanding at start of year (17,341 ) (89,358 )
Amounts advanced 23,921 102,090
Amounts repaid - (30,073 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,580 (17,341 )

The overdrawn directors' current account will be repaid within 9 months of the year end.