Registered number
09655575
Delvedale Ltd
Filleted Accounts
31 May 2024
Delvedale Ltd
Registered number: 09655575
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 68,064 68,121
Current assets
Debtors 4 135,850 135,300
Cash at bank and in hand 2,352 2,033
138,202 137,333
Creditors: amounts falling due within one year 5 (68,593) (74,705)
Net current assets 69,609 62,628
Total assets less current liabilities 137,673 130,749
Creditors: amounts falling due after more than one year 6 (114,836) (120,627)
Net assets 22,837 10,122
Capital and reserves
Called up share capital 1 1
Profit and loss account 22,836 10,121
Shareholders' funds 22,837 10,122
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Binet
Director
Approved by the board on 11 March 2025
Delvedale Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% on reducing balance basis
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.
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 as the amount of tax payable using 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 timing differences.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 67,895 1,483 69,378
At 31 May 2024 67,895 1,483 69,378
Depreciation
At 1 June 2023 - 1,257 1,257
Charge for the year - 57 57
At 31 May 2024 - 1,314 1,314
Net book value
At 31 May 2024 67,895 169 68,064
At 31 May 2023 67,895 226 68,121
The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year by the director. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.
4 Debtors 2024 2023
£ £
Other debtors 135,850 135,300
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 5,099 1,502
Other creditors 63,494 73,203
68,593 74,705
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 114,836 120,627
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 114,836 120,627
The bank loans amounting to £75,560 (2023: £75,560) are secured by way of a legal charge over the investment properties of the company.
8 Other information
Delvedale Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit A
603 London Road
Westcliff-On-Sea
SS0 9PE
9 Related party disclosure
Included with other debtors are amounts of £53,020 (2023: £53,520) due from Mordelli Holdings Ltd and £71,780 (2023: £72,780) due from Rebben Holdings Ltd, being companies in which B Binet has a material interest.
Included within other creditors is an amount of £41,746 (2023: £40,968 ) due to B Binet, being the director of the company.
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