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REGISTERED NUMBER: 03449886 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

DANWORTH HOLDINGS LIMITED

DANWORTH HOLDINGS LIMITED (REGISTERED NUMBER: 03449886)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DANWORTH HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: D C Sablon





REGISTERED OFFICE: 7-8 Stanford Terrace
Hassocks
West Sussex
BN6 8JF





REGISTERED NUMBER: 03449886 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

DANWORTH HOLDINGS LIMITED (REGISTERED NUMBER: 03449886)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 220,000 220,000
Investments 4 30,010,439 27,524,082
30,230,439 27,744,082

CURRENT ASSETS
Debtors 5 2,757,878 2,931,749
Cash at bank 279,328 213,639
3,037,206 3,145,388
CREDITORS
Amounts falling due within one year 6 (3,254,092 ) (2,084,230 )
NET CURRENT (LIABILITIES)/ASSETS (216,886 ) 1,061,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,013,553

28,805,240

CREDITORS
Amounts falling due after more than one
year

7

(13,520,251

)

(14,018,744

)

PROVISIONS FOR LIABILITIES (1,945,989 ) (1,521,158 )
NET ASSETS 14,547,313 13,265,338

CAPITAL AND RESERVES
Called up share capital 97,000 97,000
Share premium 96,998 96,998
Non distributable reserve 8 7,045,144 5,888,856
Retained earnings 7,308,171 7,182,484
14,547,313 13,265,338

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DANWORTH HOLDINGS LIMITED (REGISTERED NUMBER: 03449886)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 24 April 2025 and were signed by:





D C Sablon - Director


DANWORTH HOLDINGS LIMITED (REGISTERED NUMBER: 03449886)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the following types of income
- Rental income
- Income from the sale of properties

All income is recognised on a receivable basis.

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

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.

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.

2. EMPLOYEES AND DIRECTORS

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

DANWORTH HOLDINGS LIMITED (REGISTERED NUMBER: 03449886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 220,000 720 220,720
DEPRECIATION
At 1 October 2023
and 30 September 2024 - 720 720
NET BOOK VALUE
At 30 September 2024 220,000 - 220,000
At 30 September 2023 220,000 - 220,000

The Tangible fixed assets are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the revaluation reserve.

4. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 30,010,439 27,524,082

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1 October 2023 27,523,982
Additions 1,201,220
Disposals (476,560 )
Revaluations 1,761,697
At 30 September 2024 30,010,339
NET BOOK VALUE
At 30 September 2024 30,010,339
At 30 September 2023 27,523,982

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2017 794,129
Valuation in 2018 2,505,000
Valuation in 2019 546,550
Valuation in 2020 546,550
Valuation in 2021 (436,029 )
Valuation in 2022 1,775,000
Valuation in 2023 1,634,342
Valuation in 2024 1,638,260
Cost 21,006,537
30,010,339

DANWORTH HOLDINGS LIMITED (REGISTERED NUMBER: 03449886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. FIXED ASSET INVESTMENTS - continued

If Fixed Asset Investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 20,158,440 20,158,440

Fixed Asset Investments were valued on an open market basis on 30 September 2024 by the company director .

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Danworth Developments Ltd 100 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 49,920 109,151
Amounts owed by group undertakings - 70,525
Amounts owed by associates 2,707,958 2,707,958
Tax - 39,172
Prepayments - 4,943
2,757,878 2,931,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,040,784 101,981
Trade creditors 59,333 39,484
Amounts owed to group undertakings 12,065 -
Tax - 5,495
Social security and other taxes 606 3,373
VAT 23,816 19,031
Other creditors 299,269 174,099
Directors' loan accounts 1,148,901 1,110,281
Accruals and deferred income 366,720 330,334
Accrued expenses 302,598 300,152
3,254,092 2,084,230

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 73,385 69,177
Bank loans - 2-5 years 13,446,866 124,567
Bank loans more 5 yr by instal - 13,825,000
13,520,251 14,018,744

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 13,825,000

DANWORTH HOLDINGS LIMITED (REGISTERED NUMBER: 03449886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. RESERVES
Non
distributable
reserve
£   
At 1 October 2023 5,888,856
Revaluation in year 1,156,288

At 30 September 2024 7,045,144

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, D Sablon increased his loan to the company. As at 30 September 2024, the company owed him £1,148,901 (2023: £1,110,281). This balance represented the maximum amount outstanding during the period and interest is charged on the loan at 4.5%.

10. ULTIMATE CONTROLLING PARTY

The controlling party is D C Sablon.

This was by virtue of his 100% holding of the issued share capital.