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REGISTERED NUMBER: 03828430 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

DARYL GROUP LIMITED

DARYL GROUP LIMITED (REGISTERED NUMBER: 03828430)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DARYL GROUP LIMITED

Company Information
for the year ended 31 August 2024







DIRECTORS: D Griffiths
D P Willcox





REGISTERED OFFICE: 23 Grand Parade
Brighton
BN2 9QB





REGISTERED NUMBER: 03828430 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

DARYL GROUP LIMITED (REGISTERED NUMBER: 03828430)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 245 280
Tangible assets 5 - 279
Investment property 6 495,640 495,640
495,885 496,199

CURRENT ASSETS
Debtors 7 2,328 2,286
Cash at bank 24,133 23,211
26,461 25,497
CREDITORS
Amounts falling due within one year 8 (32,049 ) (21,105 )
NET CURRENT (LIABILITIES)/ASSETS (5,588 ) 4,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,297

500,591

CREDITORS
Amounts falling due after more than one
year

9

(126,180

)

(138,761

)

PROVISIONS FOR LIABILITIES 11 (392 ) (481 )
NET ASSETS 363,725 361,349

CAPITAL AND RESERVES
Called up share capital 12 3,000 3,000
Revaluation reserve 72,344 72,344
Retained earnings 288,381 286,005
SHAREHOLDERS' FUNDS 363,725 361,349

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

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

DARYL GROUP LIMITED (REGISTERED NUMBER: 03828430)

Balance Sheet - continued
31 August 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 29 January 2025 and were signed on its behalf by:





D P Willcox - Director


DARYL GROUP LIMITED (REGISTERED NUMBER: 03828430)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Daryl Group 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 the fair value of consideration received or receivable and rental income is recongised on an accruals basis.

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

Amortisation is provided at the following annual rate in order to write off the asset its estimated useful life.

Domain name - 10 years on cost

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimate useful life.

Computer equipment - 33% on cost

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date by the director. Changes in fair value are recognised in profit or loss.

Financial instruments
Financial assets, 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 entity after deducting all of its financial liabilities.

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.


DARYL GROUP LIMITED (REGISTERED NUMBER: 03828430)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Material 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.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 September 2023
and 31 August 2024 350
AMORTISATION
At 1 September 2023 70
Amortisation for year 35
At 31 August 2024 105
NET BOOK VALUE
At 31 August 2024 245
At 31 August 2023 280

DARYL GROUP LIMITED (REGISTERED NUMBER: 03828430)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 43,548 6,007 49,555
DEPRECIATION
At 1 September 2023 43,273 6,003 49,276
Charge for year 275 4 279
At 31 August 2024 43,548 6,007 49,555
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 275 4 279

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 495,640
NET BOOK VALUE
At 31 August 2024 495,640
At 31 August 2023 495,640

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 80 26
Other debtors 2,248 2,260
2,328 2,286

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 10,346 -
Trade creditors 140 1,027
Taxation and social security 1,136 2,996
Other creditors 20,427 17,082
32,049 21,105

DARYL GROUP LIMITED (REGISTERED NUMBER: 03828430)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 126,180 138,761

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 115,834 138,761

10. LOANS

The lender has secured the loan through a legal charge on 23 Grand Parade, Brighton.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 392 481

Deferred
tax
£   
Balance at 1 September 2023 481
Provided during year (89 )
Balance at 31 August 2024 392

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary 0.01 1,000 1,000
1,000 B Ordinary 1.00 1,000 1,000
1,000 C Ordinary 1.00 1,000 1,000
3,000 3,000