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REGISTERED NUMBER: 10012716 (England and Wales)















Dragon Fruit Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Dragon Fruit Holdings Limited (Registered number: 10012716)






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


Dragon Fruit Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M C Edwards
S M Edwards
K L Edwards
J R Thomas





REGISTERED OFFICE: The Courtyard
Parc Busnes Edwards
Llantrisant
Pontyclun
CF72 8QZ





REGISTERED NUMBER: 10012716 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Dragon Fruit Holdings Limited (Registered number: 10012716)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,830,617 5,007,843

CURRENT ASSETS
Debtors 5 310,940 267,026
Cash at bank and in hand 491,688 222,966
802,628 489,992
CREDITORS
Amounts falling due within one year 6 1,075,555 953,334
NET CURRENT LIABILITIES (272,927 ) (463,342 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,557,690

4,544,501

CREDITORS
Amounts falling due after more than one year 7 (1,878,229 ) (2,317,972 )

PROVISIONS FOR LIABILITIES 9 (182,687 ) (229,207 )
NET ASSETS 2,496,774 1,997,322

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 2,496,770 1,997,318
2,496,774 1,997,322

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 18 September 2024 and were signed on its behalf by:





M C Edwards - Director


Dragon Fruit Holdings Limited (Registered number: 10012716)

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

1. STATUTORY INFORMATION

Dragon Fruit Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue is measured recognised when goods are delivered and legal title has passed. It is recognised at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs.

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 - Freehold land is not depreciated
Improvements to property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 5 ) .

Dragon Fruit Holdings Limited (Registered number: 10012716)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 3,071,094 1,018,995 1,181,130
Additions - 9,779 54,561
At 31 March 2024 3,071,094 1,028,774 1,235,691
DEPRECIATION
At 1 April 2023 - - 300,064
Charge for year - - 233,034
At 31 March 2024 - - 533,098
NET BOOK VALUE
At 31 March 2024 3,071,094 1,028,774 702,593
At 31 March 2023 3,071,094 1,018,995 881,066

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 98,972 16,295 5,386,486
Additions 738 - 65,078
At 31 March 2024 99,710 16,295 5,451,564
DEPRECIATION
At 1 April 2023 71,022 7,557 378,643
Charge for year 7,086 2,184 242,304
At 31 March 2024 78,108 9,741 620,947
NET BOOK VALUE
At 31 March 2024 21,602 6,554 4,830,617
At 31 March 2023 27,950 8,738 5,007,843

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 46,688 91,056
Other debtors 202,669 104,261
VAT - 14,347
Prepayments and accrued income 61,583 57,362
310,940 267,026

Dragon Fruit Holdings Limited (Registered number: 10012716)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 194,483 186,340
Other loans 62,664 48,914
Hire purchase contracts 30,000 30,000
Trade creditors 125,211 172,298
Tax 280,391 46,241
Social security and other taxes 4,248 4,403
VAT 35,302 -
Other creditors 21,156 24,671
Directors' current accounts 2,320 2,315
Accruals and deferred income 319,780 438,152
1,075,555 953,334

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 202,883 188,140
Bank loans - 2-5 years 633,849 569,819
Bank loans more than 5 years 544,281 817,537
Other loans - 1-2 years 62,664 48,914
Other loans - 2-5 years 187,992 146,742
Other loans more 5yrs instal 214,060 341,645
Hire purchase contracts 32,500 62,500
Other creditors - 142,675
1,878,229 2,317,972

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 544,281 817,537
Other loans more 5yrs instal 214,060 341,645
758,341 1,159,182

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,575,496 1,761,836

Santander UK PLC hold both fixed and floating charges over the company's freehold property.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 182,687 229,207

Dragon Fruit Holdings Limited (Registered number: 10012716)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 229,207
Credit to Income Statement during year (46,520 )
Balance at 31 March 2024 182,687

10. RELATED PARTY DISCLOSURES

Tthe reporting entity has received a loan from a company under common control. The balance outstanding as at the balance sheet date is £527,380 (2023: £586,215). Interest is being charged at 2.25% above base rate.