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REGISTERED NUMBER: 01412343 (England and Wales)














D. CONNOLD & COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D. CONNOLD & COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: R D Connold
T C Connold





REGISTERED OFFICE: 69 The Park
St Albans
Hertfordshire
AL1 4RX





REGISTERED NUMBER: 01412343 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,546,005 1,526,758

CURRENT ASSETS
Debtors 6 - 1,750
Cash at bank 18,630 136,055
18,630 137,805
CREDITORS
Amounts falling due within one year 7 5,369 5,084
NET CURRENT ASSETS 13,261 132,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,559,266

1,659,479

CREDITORS
Amounts falling due after more than one
year

8

(507,538

)

(613,986

)

PROVISIONS FOR LIABILITIES (56,755 ) (51,755 )
NET ASSETS 994,973 993,738

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Non distributable reserves 10 539,963 524,963
Retained earnings 10 355,010 368,775
SHAREHOLDERS' FUNDS 994,973 993,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343)

STATEMENT OF FINANCIAL POSITION - continued
30 June 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 12 March 2025 and were signed on its behalf by:





T C Connold - Director


D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

D.Connold & Company 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Income recognition
Income is recognised when services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Investment properties
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to the profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Investment and Computer
properties fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 1,525,000 4,941 1,998 1,531,939
Revaluations 20,000 - - 20,000
At 30 June 2024 1,545,000 4,941 1,998 1,551,939
DEPRECIATION
At 1 July 2023 - 4,521 660 5,181
Charge for year - 85 668 753
At 30 June 2024 - 4,606 1,328 5,934
NET BOOK VALUE
At 30 June 2024 1,545,000 335 670 1,546,005
At 30 June 2023 1,525,000 420 1,338 1,526,758

Investment properties were valued on an open market basis on 30 June 2024 by the directors.

If investment properties had not been revalued they would have been included at historic cost totalling £948,282.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 1,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 129 69
Other creditors 5,240 5,015
5,369 5,084

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 507,538 613,986

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans - over 5 years 507,538 613,986

D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 507,538 613,986

The bank loans are secured by a charge over the company's freehold and leasehold investment property. Personal guarantees have also been given by the directors.

10. RESERVES
Non
Retained distributable
earnings reserves Totals
£    £    £   

At 1 July 2023 368,775 524,963 893,738
Profit for the year 1,235 1,235
Transfer (15,000 ) 15,000 -
At 30 June 2024 355,010 539,963 894,973

11. RELATED PARTY DISCLOSURES

The directors operate a loan account with the company. During the year, additional loans in aggregate of £20 were provided to the company. At the year end, the directors were owed £2,178.