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COMPANY REGISTRATION NUMBER: 01290857
Dalham Estates Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
Dalham Estates Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
104,479
139,989
Investments
6
23,957
23,957
---------
---------
128,436
163,946
Current assets
Debtors
7
994,039
1,010,804
Cash at bank and in hand
2,589,608
2,410,073
------------
------------
3,583,647
3,420,877
Creditors: amounts falling due within one year
8
82,689
38,347
------------
------------
Net current assets
3,500,958
3,382,530
------------
------------
Total assets less current liabilities
3,629,394
3,546,476
Provisions
Taxation including deferred tax
23,219
31,911
------------
------------
Net assets
3,606,175
3,514,565
------------
------------
Capital and reserves
Called up share capital
2,000
2,000
Capital redemption reserve
27
27
Profit and loss account
3,604,148
3,512,538
------------
------------
Shareholders funds
3,606,175
3,514,565
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dalham Estates Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 12 September 2024 , and are signed on behalf of the board by:
Mr M P Lake
Mrs C E Lake
Director
Director
Company registration number: 01290857
Dalham Estates Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is French Hall, Moulton, Newmarket, Suffolk, CB8 8RZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for hire of plant and machinery. All income is stated net of discounts and of Value Added Tax. Dividends from investments in participating interests and other investments are recognised on a receivable basis. Interest from loans is recognised on a receivable basis.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Investments
Fixed and current asset investments, excluding subsidiaries, are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses. Profits or losses arising from disposals of fixed and current asset investments are treated as part of the result from ordinary activities.
Investments in joint ventures
Investments in joint ventures are accounted for in accordance with the cost model and recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investments are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 January 2023
1,475,889
66,005
1,541,894
Disposals
( 6,750)
( 6,750)
------------
--------
------------
At 31 December 2023
1,469,139
66,005
1,535,144
------------
--------
------------
Depreciation
At 1 January 2023
1,366,094
35,811
1,401,905
Charge for the year
27,285
7,549
34,834
Disposals
( 6,074)
( 6,074)
------------
--------
------------
At 31 December 2023
1,387,305
43,360
1,430,665
------------
--------
------------
Carrying amount
At 31 December 2023
81,834
22,645
104,479
------------
--------
------------
At 31 December 2022
109,795
30,194
139,989
------------
--------
------------
6. Investments
Shares in participating interests
Other investments other than loans
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
500
23,457
23,957
----
--------
--------
Impairment
At 1 January 2023 and 31 December 2023
----
--------
--------
Carrying amount
At 31 December 2023
500
23,457
23,957
----
--------
--------
At 31 December 2022
500
23,457
23,957
----
--------
--------
7. Debtors
2023
2022
£
£
Trade debtors
1,094
Amounts owed by group undertakings and undertakings in which the company has a participating interest
519,299
379,860
Other debtors
474,740
629,850
---------
------------
994,039
1,010,804
---------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
74,982
25,388
Other creditors
7,707
12,959
--------
--------
82,689
38,347
--------
--------