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REGISTERED NUMBER: 06805022 (England and Wales)












Financial Statements for the Year Ended 31 March 2024

for

Dragonfly Tree Limited

Dragonfly Tree Limited (Registered number: 06805022)

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


Dragonfly Tree Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr A Martin
Dr J S Palk
R D Palk





SECRETARY: Dr A Martin





REGISTERED OFFICE: Tillies
Munstead Heath Road
Godalming
Surrey
GU8 4AR





REGISTERED NUMBER: 06805022 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP

Dragonfly Tree Limited (Registered number: 06805022)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 23,836 32,075
Investment property 5 787,858 787,858
811,694 819,933

CURRENT ASSETS
Debtors 6 250,000 250,000
Cash at bank 46,369 7,511
296,369 257,511
CREDITORS
Amounts falling due within one year 7 (691,256 ) (679,039 )
NET CURRENT LIABILITIES (394,887 ) (421,528 )
TOTAL ASSETS LESS CURRENT LIABILITIES 416,807 398,405

PROVISIONS FOR LIABILITIES (12,778 ) (14,343 )
NET ASSETS 404,029 384,062

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 354,029 334,062
SHAREHOLDERS' FUNDS 404,029 384,062

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.

Dragonfly Tree Limited (Registered number: 06805022)

Balance Sheet - continued
31 March 2024


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 5 November 2024 and were signed on its behalf by:




Dr A Martin - Director Dr J S Palk - Director




R D Palk - Director


Dragonfly Tree Limited (Registered number: 06805022)

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


1. STATUTORY INFORMATION

Dragonfly Tree 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Dragonfly Tree Limited (Registered number: 06805022)

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


4. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 56,090 2,224 58,314
DEPRECIATION
At 1 April 2023 24,539 1,700 26,239
Charge for year 7,888 351 8,239
At 31 March 2024 32,427 2,051 34,478
NET BOOK VALUE
At 31 March 2024 23,663 173 23,836
At 31 March 2023 31,551 524 32,075

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 787,858
NET BOOK VALUE
At 31 March 2024 787,858
At 31 March 2023 787,858

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 250,000 250,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 6,294 6,303
Social security and other taxes 479 -
Directors' current accounts 683,289 671,542
Accrued expenses 1,194 1,194
691,256 679,039