Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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Investments | 4 |
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1,323,341 | 1,327,398 | |||
Current assets | ||||
Debtors | ||||
- due within one year | 5 |
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- due after more than one year | 5 |
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Cash at bank and in hand |
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1,276,168 | 1,257,348 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 931,612 | 940,967 | ||
Total assets less current liabilities | 2,254,953 | 2,268,365 | ||
Creditors: amounts falling due after more than one year | 7 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital | 8 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Danning & Symons Limited (registered number:
Mr D A Danning
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Danning & Symons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Trelawney Lodge, Sladesbridge, Wadebridge, PL27 6JA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The company recognises rent receivable on a straight line basis over the lease term.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Land and buildings | depreciated over the life of the lease |
Assets under construction | not depreciated |
Fixtures and fittings |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Investments
Investments in subsidiary companies are stated at cost.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Land and buildings | Assets under construc- tion |
Fixtures and fittings | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 February 2023 |
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Additions |
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At 31 January 2024 |
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Accumulated depreciation | |||||||
At 01 February 2023 |
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Charge for the financial year |
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At 31 January 2024 |
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Net book value | |||||||
At 31 January 2024 |
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At 31 January 2023 |
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Investments in subsidiaries
2024 | |
£ | |
Cost | |
At 01 February 2023 |
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At 31 January 2024 |
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Carrying value at 31 January 2024 |
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Carrying value at 31 January 2023 |
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Investments in shares
Name of entity | Registered office | Principal activity | Class of shares |
Ownership 31.01.2024 |
Ownership 31.01.2023 |
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England & Wales | Dormant Company |
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England & Wales | Dormant Company |
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2024 | 2023 | ||
£ | £ | ||
Debtors: amounts falling due within one year | |||
Trade debtors |
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Amounts owed by Group undertakings |
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Other debtors |
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Debtors: amounts falling due after more than one year | |||
Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Bank loans (secured) |
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Trade creditors |
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Corporation tax |
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Other taxation and social security |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Bank loans (secured) |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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100 | 100 |
Transactions with entities in which the entity itself has a participating interest
2024 | 2023 | ||
£ | £ | ||
At start of period | 4,812 | 4,812 | |
Advanced | 0 | 0 | |
Repaid | 0 | 0 | |
At end of period | 4,812 | 4,812 |
The subsidiary company Danning & Symons (Barnstaple) Limited has an interest free loan from the company. The balance is stated net of provision for impairment.
Transactions with the entity's directors
2024 | 2023 | ||
£ | £ | ||
Mr D A Danning | 0 | 0 | |
Brought forward | 397,822 | 389,726 | |
Advances to director | 187,793 | 192,551 | |
Repayments by director | (147,442) | (184,455) | |
Carried forward | 438,173 | 397,822 | |
Mr D G Symons | 0 | 0 | |
Brought forward | 70,953 | 86,826 | |
Advances to director | 72,997 | 38,538 | |
Repayments by director | (39,696) | (54,411) | |
Carried forward | 104,254 | 70,953 |
The directors have interest free loans from the company. The loan advanced to Mr D A Danning is held jointly with Mrs H M Danning.
Other related party transactions
2024 | 2023 | ||
£ | £ | ||
At start of period | 77,049 | 88,865 | |
Advanced | 53,059 | 37,603 | |
Repaid | (39,696) | (49,419) | |
At end of period | 90,412 | 77,049 |
Mrs H Y Symons (shareholder) has an interest free loan from the company.
The total amount of future minimum rentals receivable under non-cancellable operating leases is £5,016,000 (2023 - £5,332,800).
Mr D A Danning.
The ultimate controlling party is D A Danning, director, and his immediate family, who own 51% of the issued share capital.