Danwell Trading Limited 2054434 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true true 2054434 2023-01-01 2023-12-31 2054434 2023-12-31 2054434 core:OtherReservesSubtotal 2023-12-31 2054434 core:RetainedEarningsAccumulatedLosses 2023-12-31 2054434 core:ShareCapital 2023-12-31 2054434 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-12-31 2054434 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 2054434 bus:SmallEntities 2023-01-01 2023-12-31 2054434 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 2054434 bus:FilletedAccounts 2023-01-01 2023-12-31 2054434 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 2054434 bus:RegisteredOffice 2023-01-01 2023-12-31 2054434 bus:Director3 2023-01-01 2023-12-31 2054434 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 2054434 countries:EnglandWales 2023-01-01 2023-12-31 2054434 2022-12-31 2054434 2022-01-01 2022-12-31 2054434 2022-12-31 2054434 core:OtherReservesSubtotal 2022-12-31 2054434 core:RetainedEarningsAccumulatedLosses 2022-12-31 2054434 core:ShareCapital 2022-12-31 2054434 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 2054434

Danwell Trading Limited



Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Danwell Trading Limited

 

(Registration number: 2054434)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

650,000

650,000

Other financial assets

5

54,856

52,675

 

704,856

702,675

Current assets

 

Debtors

6

91,961

91,815

Cash at bank and in hand

 

150,348

122,287

 

242,309

214,102

Creditors: Amounts falling due within one year

7

(55,951)

(49,674)

Net current assets

 

186,358

164,428

Total assets less current liabilities

 

891,214

867,103

Provisions for liabilities

(13,924)

(13,924)

Net assets

 

877,290

853,179

Capital and reserves

 

Called up share capital

100

100

Other reserves

72

72

Profit and loss account

433,976

412,046

Non-distributable reserve

 

443,142

440,961

Total equity

 

877,290

853,179

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.

 

Danwell Trading Limited

 

(Registration number: 2054434)
Balance Sheet as at 31 December 2023

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 October 2024 and signed on its behalf by:
 

.........................................
M E Royde
Director

 

Danwell Trading Limited

 

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
41 Northumberland Street
Salford
Lancashire
M7 4DQ

These financial statements were authorised for issue by the Board on 2 October 2024.

2

Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

 

Danwell Trading Limited

 

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

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

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

 

Danwell Trading Limited

 

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

4

Investment properties

2023
£

At 1 January 23

650,000

At 31 December 23

650,000

There has been no valuation of investment property by an independent valuer.

The historical cost of the property is £202,463.

 

Danwell Trading Limited

 

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

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2023

52,675

52,675

Fair value adjustments

2,181

2,181

At 31 December 2023

54,856

54,856

Impairment

Carrying amount

At 31 December 2023

54,856

54,856

6

Debtors

Current

2023
£

2022
£

Prepayments

1,331

1,333

Other debtors

90,630

90,482

 

91,961

91,815

 

Danwell Trading Limited

 

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

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

12,692

7,108

Taxation and social security

285

-

Accruals and deferred income

14,830

14,302

Other creditors

28,144

28,264

55,951

49,674

8

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

4,500

4,500