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REGISTERED NUMBER: 00461104 (England and Wales)











Dean & Whipp Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






Dean & Whipp Limited (Registered number: 00461104)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Dean & Whipp Limited

Company Information
for the Year Ended 30 September 2024







Directors: R S H Dean
M P Dean
J A P Dean
J M Dean
S Dean-Armitt





Secretary: J M Dean





Registered office: 143 King Street
Dukinfield
Tameside
SK16 4JZ





Registered number: 00461104 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Dean & Whipp Limited (Registered number: 00461104)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
Fixed assets
Tangible assets 4 58 341
Investments 5 99,907 99,907
Investment property 6 3,460,000 3,460,000
3,559,965 3,560,248

Current assets
Debtors 7 381,839 336,648
Cash at bank and in hand 31,666 132,159
413,505 468,807
Creditors
Amounts falling due within one year 8 (1,031,534 ) (1,005,067 )
Net current liabilities (618,029 ) (536,260 )
Total assets less current liabilities 2,941,936 3,023,988

Provisions for liabilities 9 (353,163 ) (353,163 )
Net assets 2,588,773 2,670,825

Dean & Whipp Limited (Registered number: 00461104)

Balance Sheet - continued
30 September 2024

30.9.24 30.9.23
Notes £    £   
Capital and reserves
Called up share capital 31,570 31,570
Fair value reserve 2,030,826 2,030,826
Retained earnings 526,377 608,429
Shareholders' funds 2,588,773 2,670,825

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

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

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 13 February 2025 and were signed on its behalf by:




J M Dean - Director



M P Dean - Director


Dean & Whipp Limited (Registered number: 00461104)

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

1. Statutory information

Dean & Whipp 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.

Preparation of consolidated financial statements
The financial statements contain information about Dean & Whipp Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.

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

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.


Dean & Whipp Limited (Registered number: 00461104)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

Dean & Whipp Limited (Registered number: 00461104)

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

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 October 2023
and 30 September 2024 28,398
Depreciation
At 1 October 2023 28,057
Charge for year 283
At 30 September 2024 28,340
Net book value
At 30 September 2024 58
At 30 September 2023 341

5. Fixed asset investments
Unlisted
investments
£   
Cost
At 1 October 2023
and 30 September 2024 99,907
Net book value
At 30 September 2024 99,907
At 30 September 2023 99,907

6. Investment property
Total
£   
Fair value
At 1 October 2023
and 30 September 2024 3,460,000
Net book value
At 30 September 2024 3,460,000
At 30 September 2023 3,460,000

Dean & Whipp Limited (Registered number: 00461104)

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

6. Investment property - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 3,460,000

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

30.9.24 30.9.23
£    £   
Cost 1,076,011 1,076,011

Investment property was valued on an open market basis on 30 September 2024 by the directors .

7. Debtors: amounts falling due within one year
30.9.24 30.9.23
£    £   
Trade debtors 10,842 4,789
Other debtors 117,201 117,201
Amounts owing by subsidiaries 248,429 209,291
Prepayments 5,367 5,367
381,839 336,648

8. Creditors: amounts falling due within one year
30.9.24 30.9.23
£    £   
Corporation tax 11,630 21,053
Other taxes 1,961 1,854
Amounts owing to subsidiaries 993,471 956,408
Directors' current accounts 1,392 3,792
Accrued expenses 23,080 21,960
1,031,534 1,005,067

9. Provisions for liabilities
30.9.24 30.9.23
£    £   
Deferred tax 353,163 353,163

Dean & Whipp Limited (Registered number: 00461104)

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

9. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 October 2023 353,163
Balance at 30 September 2024 353,163