Company registration number 06219954 (England and Wales)
DENDY NEVILLE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
DENDY NEVILLE LIMITED
COMPANY INFORMATION
Directors
M J Anderson
(Appointed 31 May 2024)
N D Bostock
(Appointed 31 May 2024)
R P Gittins
D M Hill
J L Mitchell
(Appointed 31 May 2024)
A M Perkins
M Sisson
(Appointed 31 May 2024)
Company number
06219954
Registered office
2nd Floor
55 Ludgate Hill
London
England
EC4M 7JW
Business address
Medway Bridge House
1 - 8 Fairmeadow
Maidstone
Kent
ME14 1JP
DENDY NEVILLE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
DENDY NEVILLE LIMITED
BALANCE SHEET
AS AT 31 MAY 2024
31 May 2024
- 1 -
31 May 2024
31 July 2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,704,800
1,719,500
Tangible assets
4
-
0
36,799
1,704,800
1,756,299
Current assets
Debtors
5
452,531
430,589
Cash at bank and in hand
159,507
144,222
612,038
574,811
Creditors: amounts falling due within one year
6
(358,934)
(730,217)
Net current assets/(liabilities)
253,104
(155,406)
Net assets
1,957,904
1,600,893
Capital and reserves
Called up share capital
567
567
Capital redemption reserve
133
133
Profit and loss reserves
1,957,204
1,600,193
Total equity
1,957,904
1,600,893

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 7 February 2025 and are signed on its behalf by:
D M Hill
A M Perkins
Director
Director
Company registration number 06219954 (England and Wales)
DENDY NEVILLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Dendy Neville Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, 55 Ludgate Hill, London, England, EC4M 7JW. The principal place of business is Medway Bridge House, 1 - 8 Fairmeadow, Maidstone, Kent, England, ME14 1JP.

1.1
Reporting period

These financial statements are in respect of the ten month period ended 31 May 2024, the accounting period having been shortened to coincide with the acquisition of the company by Crowe U.K. LLP on 31 May 2024. The comparative amounts presented in the financial statements are in respect of the year ended 31 July 2023.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Fee income represents revenue earned under a variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

 

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in Other debtors.

 

Fee income that is contingent on events outside the control of the company is recognised when the contingent event occurs.

1.4
Intangible fixed assets - goodwill

Intangible assets represent the cost of acquiring goodwill and client relationships. Intangible assets in excess of an appropriate base level are amortised over a period of 25 years. The period represents a reliable estimate of the useful life of goodwill based on the length of typical client relationships. Intangible assets are also reviewed for permanent impairment in any period in which events or changes in circumstances indicate that the carrying value may not be fully recoverable.

1.5
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets over their useful lives on the following bases:

Fixtures, fittings & equipment
25% and 33% on cost
DENDY NEVILLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Financial instruments

The company has elected to apply the recognition and measurement provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors are recognised at transaction price.

 

1.7
Taxation

The tax expense represents the sum of the tax currently payable or receivable and deferred tax.

Current tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leasing and hire purchase commitments

Rentals payable under operating leases are charged to income on a straight line basis over the term of the lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
21
20
DENDY NEVILLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2024
- 4 -
3
Intangible fixed assets
Intangible Assets
£
Cost
At 1 August 2023 and 31 May 2024
1,843,774
Amortisation and impairment
At 1 August 2023
124,274
Amortisation charged for the period
14,700
At 31 May 2024
138,974
Carrying amount
At 31 May 2024
1,704,800
At 31 July 2023
1,719,500
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023
119,542
Additions
12,607
Disposals
(132,149)
At 31 May 2024
-
0
Depreciation and impairment
At 1 August 2023
82,743
Depreciation charged in the period
19,049
Eliminated in respect of disposals
(101,792)
At 31 May 2024
-
0
Carrying amount
At 31 May 2024
-
0
At 31 July 2023
36,799
DENDY NEVILLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
295,095
305,385
Other debtors
157,436
109,054
452,531
414,439
Deferred tax asset
-
0
16,150
452,531
430,589
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
27,246
24,101
Taxation and social security
164,436
273,380
Other creditors
167,252
432,736
358,934
730,217
7
Subsequent events

Following the company having been acquired by Crowe U.K. LLP on 31 May 2024, a legal transfer of the business to Crowe U.K. LLP was undertaken on 30 September 2024.

8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
24,997
429,070

The lease commitments above include rent payable to 2029 of £nil (2023 - £421,667) in respect of a property occupied by the company.

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