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REGISTERED NUMBER: 03689836 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DENNETT & STARR DEVELOPMENTS LIMITED

DENNETT & STARR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03689836)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DENNETT & STARR DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs J A Dennett
Mr R L Dennett
Mr M Starr
Mrs S A Starr





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 03689836 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

DENNETT & STARR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03689836)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 828,995 979,701

CURRENT ASSETS
Prepayments and accrued income 1,421 1,306
Cash at bank 426,998 601,283
428,419 602,589
CREDITORS
Amounts falling due within one year 5 20,813 81,861
NET CURRENT ASSETS 407,606 520,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,236,601

1,500,429

PROVISIONS FOR LIABILITIES 6 149,175 142,007
NET ASSETS 1,087,426 1,358,422

CAPITAL AND RESERVES
Called up share capital 7 100 100
Non distributable reserves 8 539,312 696,374
Retained earnings 8 548,014 661,948
SHAREHOLDERS' FUNDS 1,087,426 1,358,422

DENNETT & STARR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03689836)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 23 September 2024 and were signed on its behalf by:





Mr M Starr - Director


DENNETT & STARR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03689836)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Dennett & Starr 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 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.
Land and buildings - NIL
Plant and machinery etc - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

DENNETT & STARR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03689836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
Cost or valuation
At 1 January 2023 975,000 14,663 989,663
Revaluations (150,000 ) - (150,000 )
At 31 December 2023 825,000 14,663 839,663
Depreciation
At 1 January 2023 - 9,962 9,962
Charge for year - 706 706
At 31 December 2023 - 10,668 10,668
Net book value
At 31 December 2023 825,000 3,995 828,995
At 31 December 2022 975,000 4,701 979,701

Included in cost or valuation of land and buildings is freehold land of £ 137,512 (2022 - £ 137,512 ) which is not depreciated.

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2014 362,488 - 362,488
Valuation in 2019 225,000 - 225,000
Valuation in 2022 250,000 - 250,000
Valuation in 2023 (150,000 ) - (150,000 )
Cost 137,512 14,663 152,175
825,000 14,663 839,663

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 137,512 137,512

Value of land in freehold land and buildings 725,000 725,000

Freehold land and buildings were valued on an open market basis on 31 December 2022 by the directors .

DENNETT & STARR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03689836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 3,035 39,482
Other creditors 17,778 42,379
20,813 81,861

6. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 149,175 142,007

Deferred
tax
£   
Balance at 1 January 2023 142,007
Provided during year 7,168
Balance at 31 December 2023 149,175

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES

Special reserve
The special reserve comprise the balance of fair values relating to the freehold property net of deferred tax on the gain. This reserve is non-distributable.

Retained earnings
The retained earnings comprise the balance of profits accumulated over the life of the company. This reserve is distributable.