IRIS Accounts Production v24.3.2.46 10194483 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101944832023-12-31101944832024-12-31101944832024-01-012024-12-31101944832023-03-31101944832023-04-012023-12-31101944832023-12-3110194483ns15:EnglandWales2024-01-012024-12-3110194483ns14:PoundSterling2024-01-012024-12-3110194483ns10:Director12024-01-012024-12-3110194483ns10:Director22024-01-012024-12-3110194483ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3110194483ns10:SmallEntities2024-01-012024-12-3110194483ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3110194483ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3110194483ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3110194483ns10:FullAccounts2024-01-012024-12-3110194483ns10:RegisteredOffice2024-01-012024-12-3110194483ns5:CurrentFinancialInstruments2024-12-3110194483ns5:CurrentFinancialInstruments2023-12-3110194483ns5:Non-currentFinancialInstruments2024-12-3110194483ns5:Non-currentFinancialInstruments2023-12-3110194483ns5:ShareCapital2024-12-3110194483ns5:ShareCapital2023-12-3110194483ns5:RetainedEarningsAccumulatedLosses2024-12-3110194483ns5:RetainedEarningsAccumulatedLosses2023-12-3110194483ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3110194483ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3110194483ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-12-3110194483ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3110194483ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3110194483ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-31
REGISTERED NUMBER: 10194483 (England and Wales)












DANEM FINANCIAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024






DANEM FINANCIAL LIMITED (REGISTERED NUMBER: 10194483)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

DANEM FINANCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs J C Bygate
J D Bygate





REGISTERED OFFICE: C/O Bevan Buckland LLP
Ground Floor
Cardigan House
Swansea
SA7 9LA





REGISTERED NUMBER: 10194483 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

DANEM FINANCIAL LIMITED (REGISTERED NUMBER: 10194483)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 58,020 86,814
Cash at bank 1,057 1,005
59,077 87,819
CREDITORS
Amounts falling due within one year 5 48,443 45,772
NET CURRENT ASSETS 10,634 42,047
TOTAL ASSETS LESS CURRENT LIABILITIES 10,634 42,047

CREDITORS
Amounts falling due after more than one year 6 8,508 19,198
NET ASSETS 2,126 22,849

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,125 22,848
2,126 22,849

DANEM FINANCIAL LIMITED (REGISTERED NUMBER: 10194483)

BALANCE SHEET - continued
31 DECEMBER 2024


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.

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 March 2025 and were signed on its behalf by:




J D Bygate - Director



Mrs J C Bygate - Director


DANEM FINANCIAL LIMITED (REGISTERED NUMBER: 10194483)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Danem Financial 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial I instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position 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.

The directors have assessed the company's financial instruments and have concluded that the company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans and hire purchase agreements which are subsequently measured at amortised cost using the effective interest method.

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.

DANEM FINANCIAL LIMITED (REGISTERED NUMBER: 10194483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually invoice price), less an impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Functional and presentation currency
The company's functional and presentation currency is pounds sterling.

Going Concern
The company continues to adopt the going concern basis in preparing its financial statements. The directors have concluded there are no material concerns regarding the use of the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 12,134 26,865
Other debtors 45,886 59,949
58,020 86,814

Included in debtors are balance's owed to Dewkes Ltd of £11,632 and Avidity growth Ltd of £502 of which the directors of Danem Financial Ltd are also the directors.

Included in other debtors is an amount owed to the company by the director of £15,310 which will be repaid within 9 months of the year end. The loan is interest free and repayable upon demand.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 5,255 6,430
Trade creditors 2,478 735
Taxation and social security 37,973 31,064
Other creditors 2,737 7,543
48,443 45,772

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 7) 8,508 19,198

DANEM FINANCIAL LIMITED (REGISTERED NUMBER: 10194483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,255 6,430

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,255 16,605

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,253 2,593

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DANEM FINANCIAL 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 Report of the Directors 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 Danem Financial Limited for the year ended 31 December 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.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Danem Financial 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 Danem Financial Limited and state those matters that we have agreed to state to the Board of Directors of Danem Financial Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Danem Financial Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Danem Financial 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 profit of Danem Financial Limited. You consider that Danem Financial 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 Danem Financial 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.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


27 March 2025