Silverfin false false 30/06/2024 01/07/2023 30/06/2024 N Wareing 16/06/2014 S A Wareing 16/06/2014 11 March 2025 no description of principal activity 09087193 2024-06-30 09087193 bus:Director1 2024-06-30 09087193 bus:Director2 2024-06-30 09087193 2023-06-30 09087193 core:CurrentFinancialInstruments 2024-06-30 09087193 core:CurrentFinancialInstruments 2023-06-30 09087193 core:Non-currentFinancialInstruments 2024-06-30 09087193 core:Non-currentFinancialInstruments 2023-06-30 09087193 core:ShareCapital 2024-06-30 09087193 core:ShareCapital 2023-06-30 09087193 core:RetainedEarningsAccumulatedLosses 2024-06-30 09087193 core:RetainedEarningsAccumulatedLosses 2023-06-30 09087193 core:Goodwill 2023-06-30 09087193 core:Goodwill 2024-06-30 09087193 core:FurnitureFittings 2023-06-30 09087193 core:FurnitureFittings 2024-06-30 09087193 2022-06-30 09087193 core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 09087193 core:AcceleratedTaxDepreciationDeferredTax 2023-06-30 09087193 core:TaxLossesCarry-forwardsDeferredTax 2024-06-30 09087193 core:TaxLossesCarry-forwardsDeferredTax 2023-06-30 09087193 core:WithinOneYear 2024-06-30 09087193 core:WithinOneYear 2023-06-30 09087193 core:BetweenOneFiveYears 2024-06-30 09087193 core:BetweenOneFiveYears 2023-06-30 09087193 2023-07-01 2024-06-30 09087193 bus:FilletedAccounts 2023-07-01 2024-06-30 09087193 bus:SmallEntities 2023-07-01 2024-06-30 09087193 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09087193 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09087193 bus:Director1 2023-07-01 2024-06-30 09087193 bus:Director2 2023-07-01 2024-06-30 09087193 core:Goodwill core:TopRangeValue 2023-07-01 2024-06-30 09087193 core:FurnitureFittings core:TopRangeValue 2023-07-01 2024-06-30 09087193 2022-07-01 2023-06-30 09087193 core:FurnitureFittings 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 09087193 (England and Wales)

DAWYK BEECH GUESTHOUSE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

DAWYK BEECH GUESTHOUSE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

DAWYK BEECH GUESTHOUSE LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
DAWYK BEECH GUESTHOUSE LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
DIRECTORS N Wareing
S A Wareing
REGISTERED OFFICE Wey Court West
Union Road
Farnham
GU9 7PT
United Kingdom
COMPANY NUMBER 09087193 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
DAWYK BEECH GUESTHOUSE LIMITED

BALANCE SHEET

AS AT 30 JUNE 2024
DAWYK BEECH GUESTHOUSE LIMITED

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 2,184 1,925
2,184 1,925
Current assets
Debtors 5 7,569 7,892
Cash at bank and in hand 18,366 18,524
25,935 26,416
Creditors: amounts falling due within one year 6 ( 41,872) ( 43,361)
Net current liabilities (15,937) (16,945)
Total assets less current liabilities (13,753) (15,020)
Creditors: amounts falling due after more than one year 7 ( 7,102) ( 8,546)
Net liabilities ( 20,855) ( 23,566)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 20,955 ) ( 23,666 )
Total shareholders' deficit ( 20,855) ( 23,566)

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Dawyk Beech Guesthouse Limited (registered number: 09087193) were approved and authorised for issue by the Board of Directors on 11 March 2025. They were signed on its behalf by:

N Wareing
Director
DAWYK BEECH GUESTHOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
DAWYK BEECH GUESTHOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dawyk Beech Guesthouse Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, GU9 7PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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 initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 July 2023 50,000 50,000
At 30 June 2024 50,000 50,000
Accumulated amortisation
At 01 July 2023 50,000 50,000
At 30 June 2024 50,000 50,000
Net book value
At 30 June 2024 0 0
At 30 June 2023 0 0

4. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 July 2023 18,889 18,889
Additions 1,107 1,107
Disposals ( 819) ( 819)
At 30 June 2024 19,177 19,177
Accumulated depreciation
At 01 July 2023 16,964 16,964
Charge for the financial year 848 848
Disposals ( 819) ( 819)
At 30 June 2024 16,993 16,993
Net book value
At 30 June 2024 2,184 2,184
At 30 June 2023 1,925 1,925

5. Debtors

2024 2023
£ £
Trade debtors 1,150 569
Deferred tax asset 6,419 7,323
7,569 7,892

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 1,444 1,444
Trade creditors 637 2,531
Accruals 2,025 2,000
Other creditors 37,766 37,386
41,872 43,361

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 7,102 8,546

8. Deferred tax

2024 2023
£ £
At the beginning of financial year 7,323 5,388
(Charged)/credited to the Statement of Income and Retained Earnings ( 904) 1,935
At the end of financial year 6,419 7,323

The deferred taxation balance is made up as follows:

2024 2023
£ £
Accelerated capital allowances ( 546) ( 481)
Tax losses carry forward 6,965 7,804
6,419 7,323

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 2,137 15,000
between one and five years 0 2,137
2,137 17,137

10. Related party transactions

During the year, the Company has provided security against a mortgage owed by the directors, N Wareing and SA Wareing.