REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 October 2024 |
for |
Dennys Brands Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 October 2024 |
for |
Dennys Brands Limited |
Dennys Brands Limited (Registered number: 08019059) |
Contents of the Financial Statements |
for the Year Ended 31 October 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Dennys Brands Limited |
Company Information |
for the Year Ended 31 October 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Old Printers Yard |
156 South Street |
Dorking |
Surrey |
RH4 2HF |
Dennys Brands Limited (Registered number: 08019059) |
Balance Sheet |
31 October 2024 |
31.10.24 | 31.10.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
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. |
Dennys Brands Limited (Registered number: 08019059) |
Balance Sheet - continued |
31 October 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Dennys Brands Limited (Registered number: 08019059) |
Notes to the Financial Statements |
for the Year Ended 31 October 2024 |
1. | STATUTORY INFORMATION |
Dennys Brands Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts. |
Investments in subsidiaries |
Investments in subsidiaries are measured at cost less accumulated impairment |
Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related paries and investment in ordinary shares. |
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. |
Dennys Brands Limited (Registered number: 08019059) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 November 2023 |
and 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
At 31 October 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Other loans |
Amounts owed to group undertakings |
Tax |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Other loans over 1 year |
8. | CALLED UP SHARE CAPITAL |
31.10.24 | 31.10.23 |
£ | £ |
Allotted, called up and fully paid |
550 (2022 - 550) Ordinary A shares of £0.1 each | 55 | 55 |
265 (2022 - 260) Ordinary B shares of £0.1 each | 27 | 26 |
160 (2022 - 160) Ordinary C shares of £0.1 each | 16 | 16 |
120 (2022 - 120) Ordinary D shares of £0.1 each | 12 | 12 |
110 | 109 |
On 29 April 2024 five Ordinary B shares of £0.1 were allotted at par. |
Dennys Brands Limited (Registered number: 08019059) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
9. | CONTINGENT LIABILITIES |
The company has given Lloyds Bank PLC an unlimited debenture and a cross guarantee in favour of its subsidiary Dennys Uniforms Ltd |
10. | RELATED PARTY DISCLOSURES |
At 31 October 2024 the company owed £76,528 (2023: £113,236) to P N Jubert, a director of the company in the form of zero coupon loan notes with the loan being payable on an ad hoc basis. |
At 31 October 2024 the company owed £79,634 (2023: £117,818) in the form of zero coupon loan notes held by directors, C A Ramage and J Jubert in equal parts. The loan notes are payable on an ad hoc basis. |
At 31 October 2024 the company owed £24,192 (2023: £50,583) to D N Green, a director, in the form of an interest free loan note repayable equally over 5 years. |
At 31 October 2024 the amount owed to Dennys Uniforms Limited, a subsidiary, amounted to £1,790,293 (2023: £1,764,561) This is an interest free loan, with no fixed repayment terms. |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is P N Jubert. |
12. | BASIS OF PREPARATION |
At 31 October 2024 the company had net current liabilities of £1,970,666 (2023: £2,042,752) and net assets of £389,187 (2023: £292,910). The directors have considered the support made available by the company's creditors for the twelve month period from the date the financial statements are approved and consider the going concern basis to be appropriate. The financial statements have therefore been prepared on the going concern basis. |