2023-03-012024-02-292024-02-29false10640514DARLINGTON ESTATES (NORTH WEST) LIMITED2024-11-29iso4217:GBPxbrli:pure106405142023-03-01106405142024-02-29106405142023-03-012024-02-29106405142022-03-01106405142023-02-28106405142022-03-012023-02-2810640514bus:SmallEntities2023-03-012024-02-2910640514bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2910640514bus:FullAccounts2023-03-012024-02-2910640514bus:PrivateLimitedCompanyLtd2023-03-012024-02-2910640514core:WithinOneYear2024-02-2910640514core:AfterOneYear2024-02-2910640514core:WithinOneYear2023-02-2810640514core:AfterOneYear2023-02-2810640514core:ShareCapital2024-02-2910640514core:SharePremium2024-02-2910640514core:RevaluationReserve2024-02-2910640514core:OtherReservesSubtotal2024-02-2910640514core:RetainedEarningsAccumulatedLosses2024-02-2910640514core:ShareCapital2023-02-2810640514core:SharePremium2023-02-2810640514core:RevaluationReserve2023-02-2810640514core:OtherReservesSubtotal2023-02-2810640514core:RetainedEarningsAccumulatedLosses2023-02-2810640514core:LandBuildings2024-02-2910640514core:PlantMachinery2024-02-2910640514core:Vehicles2024-02-2910640514core:FurnitureFittings2024-02-2910640514core:OfficeEquipment2024-02-2910640514core:NetGoodwill2024-02-2910640514core:IntangibleAssetsOtherThanGoodwill2024-02-2910640514core:ListedExchangeTraded2024-02-2910640514core:UnlistedNon-exchangeTraded2024-02-2910640514core:LandBuildings2023-02-2810640514core:PlantMachinery2023-02-2810640514core:Vehicles2023-02-2810640514core:FurnitureFittings2023-02-2810640514core:OfficeEquipment2023-02-2810640514core:NetGoodwill2023-02-2810640514core:IntangibleAssetsOtherThanGoodwill2023-02-2810640514core:ListedExchangeTraded2023-02-2810640514core:UnlistedNon-exchangeTraded2023-02-2810640514core:LandBuildings2023-03-012024-02-2910640514core:PlantMachinery2023-03-012024-02-2910640514core:Vehicles2023-03-012024-02-2910640514core:FurnitureFittings2023-03-012024-02-2910640514core:OfficeEquipment2023-03-012024-02-2910640514core:NetGoodwill2023-03-012024-02-2910640514core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910640514core:ListedExchangeTraded2023-03-012024-02-2910640514core:UnlistedNon-exchangeTraded2023-03-012024-02-2910640514core:MoreThanFiveYears2023-03-012024-02-2910640514core:Non-currentFinancialInstruments2024-02-2910640514core:Non-currentFinancialInstruments2023-02-2810640514dpl:CostSales2023-03-012024-02-2910640514dpl:DistributionCosts2023-03-012024-02-2910640514core:LandBuildings2023-03-012024-02-2910640514core:PlantMachinery2023-03-012024-02-2910640514core:Vehicles2023-03-012024-02-2910640514core:FurnitureFittings2023-03-012024-02-2910640514core:OfficeEquipment2023-03-012024-02-2910640514dpl:AdministrativeExpenses2023-03-012024-02-2910640514core:NetGoodwill2023-03-012024-02-2910640514core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910640514dpl:GroupUndertakings2023-03-012024-02-2910640514dpl:ParticipatingInterests2023-03-012024-02-2910640514dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2910640514core:ListedExchangeTraded2023-03-012024-02-2910640514dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2910640514core:UnlistedNon-exchangeTraded2023-03-012024-02-2910640514dpl:CostSales2022-03-012023-02-2810640514dpl:DistributionCosts2022-03-012023-02-2810640514core:LandBuildings2022-03-012023-02-2810640514core:PlantMachinery2022-03-012023-02-2810640514core:Vehicles2022-03-012023-02-2810640514core:FurnitureFittings2022-03-012023-02-2810640514core:OfficeEquipment2022-03-012023-02-2810640514dpl:AdministrativeExpenses2022-03-012023-02-2810640514core:NetGoodwill2022-03-012023-02-2810640514core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2810640514dpl:GroupUndertakings2022-03-012023-02-2810640514dpl:ParticipatingInterests2022-03-012023-02-2810640514dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2810640514core:ListedExchangeTraded2022-03-012023-02-2810640514dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2810640514core:UnlistedNon-exchangeTraded2022-03-012023-02-2810640514core:NetGoodwill2024-02-2910640514core:IntangibleAssetsOtherThanGoodwill2024-02-2910640514core:LandBuildings2024-02-2910640514core:PlantMachinery2024-02-2910640514core:Vehicles2024-02-2910640514core:FurnitureFittings2024-02-2910640514core:OfficeEquipment2024-02-2910640514core:AfterOneYear2024-02-2910640514core:WithinOneYear2024-02-2910640514core:ListedExchangeTraded2024-02-2910640514core:UnlistedNon-exchangeTraded2024-02-2910640514core:ShareCapital2024-02-2910640514core:SharePremium2024-02-2910640514core:RevaluationReserve2024-02-2910640514core:OtherReservesSubtotal2024-02-2910640514core:RetainedEarningsAccumulatedLosses2024-02-2910640514core:NetGoodwill2023-02-2810640514core:IntangibleAssetsOtherThanGoodwill2023-02-2810640514core:LandBuildings2023-02-2810640514core:PlantMachinery2023-02-2810640514core:Vehicles2023-02-2810640514core:FurnitureFittings2023-02-2810640514core:OfficeEquipment2023-02-2810640514core:AfterOneYear2023-02-2810640514core:WithinOneYear2023-02-2810640514core:ListedExchangeTraded2023-02-2810640514core:UnlistedNon-exchangeTraded2023-02-2810640514core:ShareCapital2023-02-2810640514core:SharePremium2023-02-2810640514core:RevaluationReserve2023-02-2810640514core:OtherReservesSubtotal2023-02-2810640514core:RetainedEarningsAccumulatedLosses2023-02-2810640514core:NetGoodwill2022-03-0110640514core:IntangibleAssetsOtherThanGoodwill2022-03-0110640514core:LandBuildings2022-03-0110640514core:PlantMachinery2022-03-0110640514core:Vehicles2022-03-0110640514core:FurnitureFittings2022-03-0110640514core:OfficeEquipment2022-03-0110640514core:AfterOneYear2022-03-0110640514core:WithinOneYear2022-03-0110640514core:ListedExchangeTraded2022-03-0110640514core:UnlistedNon-exchangeTraded2022-03-0110640514core:ShareCapital2022-03-0110640514core:SharePremium2022-03-0110640514core:RevaluationReserve2022-03-0110640514core:OtherReservesSubtotal2022-03-0110640514core:RetainedEarningsAccumulatedLosses2022-03-0110640514core:AfterOneYear2023-03-012024-02-2910640514core:WithinOneYear2023-03-012024-02-2910640514core:Non-currentFinancialInstrumentscore:CostValuation2023-03-012024-02-2910640514core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-012024-02-2910640514core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-012024-02-2910640514core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-012024-02-2910640514core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-012024-02-2910640514core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-012024-02-2910640514core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2910640514core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2910640514core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2910640514core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2910640514core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2910640514core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2910640514core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2910640514core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2910640514core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2910640514core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2910640514core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2910640514core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2910640514core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2810640514core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2810640514core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2810640514core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2810640514core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2810640514core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2810640514core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2810640514core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2810640514core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2810640514bus:Director12023-03-012024-02-2910640514bus:Director22023-03-012024-02-29

DARLINGTON ESTATES (NORTH WEST) LIMITED

Registered Number
10640514
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

DARLINGTON ESTATES (NORTH WEST) LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

DARLINGTON, Betsy Louise
DARLINGTON, David John

Registered Address

19 Kilbride Avenue
Bolton
BL2 6UQ

Registered Number

10640514 (England and Wales)
DARLINGTON ESTATES (NORTH WEST) LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property4531,518522,000
531,518522,000
Current assets
Debtors51202,400
Cash at bank and on hand4,6905,768
4,8108,168
Creditors amounts falling due within one year6(1,457)(1,622)
Net current assets (liabilities)3,3536,546
Total assets less current liabilities534,871528,546
Creditors amounts falling due after one year7(559,300)(548,640)
Provisions for liabilities8(22,082)(22,082)
Net assets(46,511)(42,176)
Capital and reserves
Called up share capital100100
Profit and loss account(46,611)(42,276)
Shareholders' funds(46,511)(42,176)
The financial statements were approved and authorised for issue by the Board of Directors on 29 November 2024, and are signed on its behalf by:
DARLINGTON, David John
Director
Registered Company No. 10640514
DARLINGTON ESTATES (NORTH WEST) LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Borrowing costs
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year00
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Investment property

£
Fair value at 01 March 23522,000
Additions31,518
Disposals(22,000)
At 29 February 24531,518
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1202,400
Total1202,400
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1722
Accrued liabilities and deferred income1,4401,600
Total1,4571,622
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts389,514396,714
Amounts owed to related parties169,786151,926
Total559,300548,640
Included in bank borrowings are loans relating to the investment properties held within the accounts. These loans are registered at companies house and hold fixed charges.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)22,08222,082
Total22,08222,082