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REGISTERED NUMBER: 03734319 (England and Wales)















DANESCROFT LAND LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






DANESCROFT LAND LIMITED (REGISTERED NUMBER: 03734319)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DANESCROFT LAND LIMITED

Company Information
for the year ended 31 March 2024







Directors: D A Fryer
J C Trelfa
C A Allen
P D Freestone





Registered office: Third Floor
Queensberry House
3 Old Burlington Street
London
W1S 3AE





Registered number: 03734319 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Danescroft Land Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Danescroft Land Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Danescroft Land Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Danescroft Land Limited and state those matters that we have agreed to state to the Board of Directors of Danescroft Land Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Danescroft Land Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Danescroft Land Limited. You consider that Danescroft Land Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Danescroft Land Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA


14 March 2025

DANESCROFT LAND LIMITED (REGISTERED NUMBER: 03734319)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 4,191 49,040
Investments 5 11 10
4,202 49,050

Current assets
Debtors 6 314,405 369,493
Cash at bank 48,059 298,200
362,464 667,693
Creditors
Amounts falling due within one year 7 (248,887 ) (513,475 )
Net current assets 113,577 154,218
Total assets less current liabilities 117,779 203,268

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 117,679 203,168
Shareholders' funds 117,779 203,268

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

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

DANESCROFT LAND LIMITED (REGISTERED NUMBER: 03734319)

Balance Sheet - continued
31 March 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 13 March 2025 and were signed on its behalf by:





D A Fryer - Director


DANESCROFT LAND LIMITED (REGISTERED NUMBER: 03734319)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Danescroft Land 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 commissions and management fees net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Fixtures and fittings- 33% on cost
Computer equipment- 33% on cost
Office equipment- 20% on cost

Land & buildings represents leasehold additions and improvements and depreciated over the 10 year life of the lease. It is company policy not to depreciate in the year of acquisition.

DANESCROFT LAND LIMITED (REGISTERED NUMBER: 03734319)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are recognised at
transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.


DANESCROFT LAND LIMITED (REGISTERED NUMBER: 03734319)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 11 ) .

4. Tangible fixed assets
Fixtures
Long and Computer
leasehold fittings equipment Totals
£ £ £ £
Cost
At 1 April 2023 58,012 3,216 81,078 142,306
Additions 2,000 - - 2,000
At 31 March 2024 60,012 3,216 81,078 144,306
Depreciation
At 1 April 2023 23,205 3,216 66,845 93,266
Charge for year 34,807 - 12,042 46,849
At 31 March 2024 58,012 3,216 78,887 140,115
Net book value
At 31 March 2024 2,000 - 2,191 4,191
At 31 March 2023 34,807 - 14,233 49,040

DANESCROFT LAND LIMITED (REGISTERED NUMBER: 03734319)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. Fixed asset investments
Other
investments
£
Cost
At 1 April 2023 10
Additions 1
At 31 March 2024 11
Net book value
At 31 March 2024 11
At 31 March 2023 10

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 234,750 143,059
Other debtors 79,655 226,434
314,405 369,493

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 30,849 20,989
Amounts owed to group undertakings 3 3
Taxation and social security 50,874 168,175
Other creditors 167,161 324,308
248,887 513,475

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

9. Reserves
Retained
earnings
£

At 1 April 2023 203,168
Deficit for the year (85,489 )
At 31 March 2024 117,679