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REGISTERED NUMBER: 06367558 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DEERFIELD GROUP LIMITED

DEERFIELD GROUP LIMITED (REGISTERED NUMBER: 06367558)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


DEERFIELD GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: R K W Palmer
S F Palmer



SECRETARY: S F Palmer



REGISTERED OFFICE: 61 Chiswick Staithe
Chiswick
London
W4 3TP



REGISTERED NUMBER: 06367558 (England and Wales)



ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY



BANKERS: HSBC Bank plc
26 High Street
Gosport
PO12 1DG

DEERFIELD GROUP LIMITED (REGISTERED NUMBER: 06367558)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,534 35,392
Investments 5 - 175,694
15,534 211,086

CURRENT ASSETS
Debtors 6 10,000 1,800
Cash at bank 67,514 63,385
77,514 65,185
CREDITORS
Amounts falling due within one year 7 6,983 4,398
NET CURRENT ASSETS 70,531 60,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,065

271,873

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 85,965 271,773
SHAREHOLDERS' FUNDS 86,065 271,873

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

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

DEERFIELD GROUP LIMITED (REGISTERED NUMBER: 06367558)

BALANCE SHEET - continued
31 December 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 27 February 2025 and were signed on its behalf by:





R K W Palmer - Director


DEERFIELD GROUP LIMITED (REGISTERED NUMBER: 06367558)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Deerfield 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.

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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

3. EMPLOYEES AND DIRECTORS

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

DEERFIELD GROUP LIMITED (REGISTERED NUMBER: 06367558)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 74,965 12,077 87,042
Disposals (18,875 ) - (18,875 )
At 31 December 2024 56,090 12,077 68,167
DEPRECIATION
At 1 January 2024 42,201 9,449 51,650
Charge for year 14,022 1,118 15,140
Eliminated on disposal (14,157 ) - (14,157 )
At 31 December 2024 42,066 10,567 52,633
NET BOOK VALUE
At 31 December 2024 14,024 1,510 15,534
At 31 December 2023 32,764 2,628 35,392

5. FIXED ASSET INVESTMENTS

During the year a minority stake was held in Magway Limited, a company incorporated in England. This company entered liquidation during the year and the whole investment has therefore been provided against in the sum of £175,694.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,000 1,800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 419 328
VAT 878 823
Directors' current accounts 3,796 1,357
Accrued expenses 1,890 1,890
6,983 4,398

8. RELATED PARTY DISCLOSURES

At 31 December 2024 other creditors includes loans made to the company by Mr R K W Palmer (director) and Mrs S F Palmer (director) amounting to £3,796 (2023:£1,358). The loans are interest free with no fixed date for repayment. Mrs S F Palmer purchased a vehicle from the company at its market value of £6,400 and this amount was still outstanding at the year end.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R K W Palmer.