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REGISTERED NUMBER: 05650083 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Dernwood Farms Limited

Dernwood Farms Limited (Registered number: 05650083)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dernwood Farms Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr C R L Bannister
Mrs E C Brown
Mr A J L Bannister





SECRETARY: Mrs J E A Bannister





REGISTERED OFFICE: Wilson House
48 Brooklyn Road
Seaford
East Sussex
BN25 2DX





REGISTERED NUMBER: 05650083 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Dernwood Farms Limited (Registered number: 05650083)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,148 11,162

CURRENT ASSETS
Debtors 5 28,718 28,738
Cash at bank 504 1,715
29,222 30,453
CREDITORS
Amounts falling due within one year 6 31,686 36,519
NET CURRENT LIABILITIES (2,464 ) (6,066 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

684

5,096

PROVISIONS FOR LIABILITIES 263 221
NET ASSETS 421 4,875

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 321 4,775
SHAREHOLDERS' FUNDS 421 4,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Dernwood Farms Limited (Registered number: 05650083)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by:





Mr C R L Bannister - Director


Dernwood Farms Limited (Registered number: 05650083)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Dernwood Farms 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers and is recognised when the company obtains, through performance under contract, the right to consideration for those goods and services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Dernwood Farms Limited (Registered number: 05650083)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 May 2023 43,304 14,689 310 58,303
Additions - - 566 566
Disposals - (3,880 ) - (3,880 )
At 30 April 2024 43,304 10,809 876 54,989
DEPRECIATION
At 1 May 2023 32,637 14,194 310 47,141
Charge for year 8,125 75 189 8,389
Eliminated on disposal - (3,689 ) - (3,689 )
At 30 April 2024 40,762 10,580 499 51,841
NET BOOK VALUE
At 30 April 2024 2,542 229 377 3,148
At 30 April 2023 10,667 495 - 11,162

Dernwood Farms Limited (Registered number: 05650083)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 222 267
Other debtors 28,496 28,471
28,718 28,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 4,245
Trade creditors 604 332
Taxation and social security 12,548 13,276
Other creditors 18,534 18,666
31,686 36,519

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the shareholders the aggregate sum of £14,290 (2023 - £15,056). These loans are unsecured, interest free and repayable on demand.

At the balance sheet date, a Limited Liability Partnership (LLP), in which some of the company's shareholders are also members, owed the company £28,157 (2023 - £28,157). This balance is unsecured, interest free and repayable on demand.

During the year the company did not pay dividends to its directors (2023 - £1,040).