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Registered number: 13525340

Daedalus Development Company Limited

ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024


Daedalus Development Company Limited

ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
DIRECTORS
Jack Steer
Neil Strelitz
William Murray
David Twohig
SECRETARY
Nicola Claydon
REGISTERED OFFICE
The Lodge
Park Road
Shepton Mallet
Somerset
BA4 5BS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13525340

Daedalus Development Company Limited

ACCOUNTS
FOR THEYEARENDED31 JULY 2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Daedalus Development Company Limited

BALANCE SHEET AT 31 July 2024
20242023
Notes££
FIXED ASSETS
Investment Assets383,705-
CURRENT ASSETS
Debtors4210,532237,332
Cash at bank and in hand100100
210,632237,432
CREDITORS: Amounts falling due within one year5294,237237,332
NET CURRENT (LIABILITIES) / ASSETS(83,605)100
TOTAL ASSETS LESS CURRENT LIABILITIES100100
CAPITAL AND RESERVES
Called up share capital6100100
SHAREHOLDERS' FUNDS100100
For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16 April 2025 and signed on their behalf by
.............................
Jack Steer
Director

Daedalus Development Company Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The financial statements have been prepared on the going concern basis which assumes the company will continue in operational existence for the foreseeable future. The company relies on the continued support of the shareholders for day to day funding and funds its working capital requirements through a facility, that is repayable only at such time as the company is in a position to repay the outstanding loans. The shareholders have confirmed their intention to maintain support for a period of at least twelve months from the signing of these accounts. On the basis above the directors consider it appropriate to prepare the financial statements on a going concern basis.
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1d. Company Information
Daedalus Development Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Lodge, Park Road, Shepton Mallet, Somerset, BA4 5BS.
2. EMPLOYEES
20242023
No.No.
Average number of employees44

Daedalus Development Company Limited

3. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
Additions83,70583,705
At 31 July 202483,70583,705
Amortisation
Net Book Amounts
At 31 July 202483,70583,705
4. DEBTORS 20242023
££
Amounts falling due within one year
Amounts due from group companies210,532237,332
210,532237,332
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Shareholders Loan76,88953,765
Shareholders Loan76,88953,765
Other creditors140,459129,802
294,237237,332
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100