IRIS Accounts Production v24.2.0.383 04119669 director 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041196692023-03-31041196692024-03-31041196692023-04-012024-03-31041196692022-03-31041196692022-04-012023-03-31041196692023-03-3104119669ns15:EnglandWales2023-04-012024-03-3104119669ns14:PoundSterling2023-04-012024-03-3104119669ns10:Director12023-04-012024-03-3104119669ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104119669ns10:SmallEntities2023-04-012024-03-3104119669ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3104119669ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104119669ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104119669ns10:FullAccounts2023-04-012024-03-3104119669ns10:RegisteredOffice2023-04-012024-03-3104119669ns5:CurrentFinancialInstruments2024-03-3104119669ns5:CurrentFinancialInstruments2023-03-3104119669ns5:Non-currentFinancialInstruments2024-03-3104119669ns5:Non-currentFinancialInstruments2023-03-3104119669ns5:ShareCapital2024-03-3104119669ns5:ShareCapital2023-03-3104119669ns5:RetainedEarningsAccumulatedLosses2024-03-3104119669ns5:RetainedEarningsAccumulatedLosses2023-03-3104119669ns5:PlantMachinery2023-04-012024-03-3104119669ns5:PlantMachinery2023-03-3104119669ns5:PlantMachinery2024-03-3104119669ns5:PlantMachinery2023-03-3104119669ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3104119669ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3104119669ns5:Secured2024-03-3104119669ns5:Secured2023-03-31
REGISTERED NUMBER: 04119669 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DANEHILL INVESTMENTS LIMITED

DANEHILL INVESTMENTS LIMITED (REGISTERED NUMBER: 04119669)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

DANEHILL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P P Murphy





REGISTERED OFFICE: 248 Church Lane
London
NW9 8SL





REGISTERED NUMBER: 04119669 (England and Wales)





ACCOUNTANTS: Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL

DANEHILL INVESTMENTS LIMITED (REGISTERED NUMBER: 04119669)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11 15
Investment property 5 1,350,000 1,350,000
1,350,011 1,350,015

CURRENT ASSETS
Debtors 6 5,020 5,020
Cash at bank 37,889 32,953
42,909 37,973
CREDITORS
Amounts falling due within one year 7 105,857 100,542
NET CURRENT LIABILITIES (62,948 ) (62,569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,287,063

1,287,446

CREDITORS
Amounts falling due after more than one
year

8

(566,691

)

(571,335

)

PROVISIONS FOR LIABILITIES (83,396 ) (83,396 )
NET ASSETS 636,976 632,715

DANEHILL INVESTMENTS LIMITED (REGISTERED NUMBER: 04119669)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 636,974 632,713
SHAREHOLDERS' FUNDS 636,976 632,715

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 director acknowledges his 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 director and authorised for issue on 14 October 2024 and were signed by:





P P Murphy - Director


DANEHILL INVESTMENTS LIMITED (REGISTERED NUMBER: 04119669)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Danehill Investments 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 represents the net invoiced rent and management fees, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment properties
In accordance with the Statement of Standard Accounting Practice No.19, certain of the company's properties are held for long term investment and are included in the Balance Sheet at their open market values. The surpluses or deficits on revaluation of such properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. Leasehold properties are not amortised where the unexpired term is over twenty years.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the Accounts may give a true and fair view because current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation or amortisation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

3. EMPLOYEES AND DIRECTORS

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

DANEHILL INVESTMENTS LIMITED (REGISTERED NUMBER: 04119669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 3,142
DEPRECIATION
At 1 April 2023 3,127
Charge for year 4
At 31 March 2024 3,131
NET BOOK VALUE
At 31 March 2024 11
At 31 March 2023 15

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,350,000
NET BOOK VALUE
At 31 March 2024 1,350,000
At 31 March 2023 1,350,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 1,350,000

If Investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 681,332 681,332

Investment property was valued on an open market basis on 31 March 2020 by the Directors .

DANEHILL INVESTMENTS LIMITED (REGISTERED NUMBER: 04119669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,020 5,020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 253 -
Taxation and social security 1,020 56
Other creditors 104,584 100,486
105,857 100,542

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 566,691 571,335

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 566,691 571,335

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 566,691 571,335

The bank loans are secured by a fixed and floating charge over the company's assets.

DANEHILL INVESTMENTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
DANEHILL INVESTMENTS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL


14 October 2024