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REGISTERED NUMBER: 02531098 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DANUM INVESTMENT COMPANY LIMITED

DANUM INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 02531098)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DANUM INVESTMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R D Crosley
Mrs E Foy
Mrs C Crosley
M C Foy





SECRETARY: M C Foy





REGISTERED OFFICE: 5 The Paddocks
Cusworth
Doncaster
South Yorkshire
DN5 7TW





REGISTERED NUMBER: 02531098 (England and Wales)





ACCOUNTANTS: A Wigglesworth and Company Ltd
Chartered Accountants
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

DANUM INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 02531098)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,030,651 1,031,051
1,030,651 1,031,051

CURRENT ASSETS
Debtors 6 1,125 983
Cash at bank 135,471 138,518
136,596 139,501
CREDITORS
Amounts falling due within one year 7 38,425 35,663
NET CURRENT ASSETS 98,171 103,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,128,822

1,134,889

PROVISIONS FOR LIABILITIES 31,140 31,180
NET ASSETS 1,097,682 1,103,709

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 1,097,680 1,103,707
SHAREHOLDERS' FUNDS 1,097,682 1,103,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

DANUM INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 02531098)

BALANCE SHEET - continued
31 JULY 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 14 November 2024 and were signed on its behalf by:





Mrs E Foy - Director


DANUM INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 02531098)

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

1. STATUTORY INFORMATION

Danum Investment Company 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Patents and licenses
The asset is now fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

The directors consider that the company's freehold properties are Investment Properties as defined in section 16 under FRS 102.

Freehold properties are stated at valuations which the directors consider to be their open market value. Impairment losses arising where the current market value of these properties is lower than original historical cost are to be charged to profit and loss account.

No provision has been made for any depreciation on these assets. Although this is a departure from the accounting requirements of the Companies Act 2006, which required such properties to be depreciated, the directors consider that departure in this regard is justified on the grounds of compliance with the overriding requirement of section 396(2) of the Companies Act 2006 for the financial statements to show a true and fair view.


DANUM INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 02531098)

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

2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 August 2023
and 31 July 2024 6,000
AMORTISATION
At 1 August 2023
and 31 July 2024 6,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

DANUM INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 02531098)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 1,030,000 3,177 1,247 1,034,424
DEPRECIATION
At 1 August 2023 - 2,411 962 3,373
Charge for year - 115 285 400
At 31 July 2024 - 2,526 1,247 3,773
NET BOOK VALUE
At 31 July 2024 1,030,000 651 - 1,030,651
At 31 July 2023 1,030,000 766 285 1,031,051

Cost or valuation at 31 July 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 1999 185,154 - - 185,154
Valuation in 2008 555,000 - - 555,000
Valuation in 2020 (175,000 ) - - (175,000 )
Cost 464,846 3,177 1,247 469,270
1,030,000 3,177 1,247 1,034,424

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

2024 2023
£    £   
Cost 464,846 464,846

Investment properties were valued on an open market basis on 31 July 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 1,125 983

DANUM INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 02531098)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 21,698 18,619
VAT 4,860 4,344
Accruals and deferred income 11,867 12,700
38,425 35,663

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RESERVES

Included in the profit and loss account are £534,174 (2023: £534,174) of reserves that are non-distributable. These represent the excess of the valuation of freehold property over its cost after providing for the tax which would be payable should the property be sold at that value.