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REGISTERED NUMBER: 11019861 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 OCTOBER 2023

FOR

DALMENY LIMITED

DALMENY LIMITED (REGISTERED NUMBER: 11019861)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DALMENY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 OCTOBER 2023







DIRECTORS: N P Briant
J Golden





SECRETARIES: N P Briant
J Golden





REGISTERED OFFICE: 2 Widdicombe Avenue
Poole
Dorset
BH14 9QW





REGISTERED NUMBER: 11019861 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

DALMENY LIMITED (REGISTERED NUMBER: 11019861)

BALANCE SHEET
29 OCTOBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 2,000,000 1,903,320

CURRENT ASSETS
Debtors 5 116,151 108,640
Cash at bank 35,420 112,183
151,571 220,823
CREDITORS
Amounts falling due within one year 6 829,188 839,054
NET CURRENT LIABILITIES (677,617 ) (618,231 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,322,383

1,285,089

CREDITORS
Amounts falling due after more than one year 7 (1,180,095 ) (1,189,959 )

PROVISIONS FOR LIABILITIES (12,635 ) -
NET ASSETS 129,653 95,130

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 (53,602 ) -
Retained earnings 183,253 95,128
129,653 95,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 October 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.

DALMENY LIMITED (REGISTERED NUMBER: 11019861)

BALANCE SHEET - continued
29 OCTOBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





N P Briant - Director


DALMENY LIMITED (REGISTERED NUMBER: 11019861)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 OCTOBER 2023


1. STATUTORY INFORMATION

Dalmeny 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 (£).


The financial statements relate to Dalmeny Limited as an individual entity.

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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised on holiday accommodation used within the year, on receipt at the beginning of the stay.

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 - not provided

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Freehold properties are not depreciated, because it is considered the residual value is not below cost.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


DALMENY LIMITED (REGISTERED NUMBER: 11019861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 OCTOBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern
These financial statements have been prepared on the going concern basis. The directors and shareholders have reviewed the state of the business and confirmed that their support will remain in place, therefore it is the directors opinion that the business remains a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold
property
£
COST OR VALUATION
At 30 October 2022 1,903,320
Additions 25,211
Revaluations 71,469
At 29 October 2023 2,000,000
NET BOOK VALUE
At 29 October 2023 2,000,000
At 29 October 2022 1,903,320

Cost or valuation at 29 October 2023 is represented by:

Freehold
property
£
Valuation in 2023 71,469
Cost 1,928,531
2,000,000

DALMENY LIMITED (REGISTERED NUMBER: 11019861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 OCTOBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 396 -
Other debtors 115,755 108,640
116,151 108,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,080 10,047
Trade creditors 5,514 4,360
Taxation and social security 42,782 64,310
Other creditors 770,812 760,337
829,188 839,054

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 1,180,095 1,189,959

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,162,827 1,162,827

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 1,190,175 1,200,006

The bank loans are secured via a fixed and floating charge over all property and undertakings of the company.

9. RESERVES
Fair value
reserve
£
Transfer between reserves (53,602 )

At 29 October 2023 (53,602 )

Gains or losses on fair value revaluations of investment property and associated deferred tax have been transferred from retained earnings to a specific non-distributable reserve.