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REGISTERED NUMBER: 03756406 (England and Wales)













ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

DEARMAN DEVELOPMENTS LIMITED

DEARMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03756406)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


DEARMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03756406)

ABRIDGED BALANCE SHEET
31ST JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 116,294 69,577
Investments 5 100 100
116,394 69,677

CURRENT ASSETS
Stocks 425,434 255,831
Debtors 517,780 6,921
Cash at bank 14,932 47,839
958,146 310,591
CREDITORS
Amounts falling due within one year 680,086 179,756
NET CURRENT ASSETS 278,060 130,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,454

200,512

CREDITORS
Amounts falling due after more than
one year

(40,387

)

(19,062

)

PROVISIONS FOR LIABILITIES (16,108 ) (3,766 )
NET ASSETS 337,959 177,684

DEARMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03756406)

ABRIDGED BALANCE SHEET - continued
31ST JULY 2024

31.7.24 31.7.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 337,859 177,584
SHAREHOLDERS' FUNDS 337,959 177,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28th April 2025 and were signed on its behalf by:




A F Dearman - Director J R Dearman - Director




Mrs L A Dearman - Director


DEARMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03756406)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Dearman Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03756406

Registered office: The Foundry
9 Park Lane
Puckeridge
Ware
Hertfordshire
SG11 1RL

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Construction contracts

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to completion of a physical proportion of the contract work or the completion of a proportion of the service contract.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

DEARMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03756406)

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

2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

DEARMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03756406)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2023 300,804
Additions 67,348
Disposals (31,000 )
At 31st July 2024 337,152
DEPRECIATION
At 1st August 2023 231,227
Charge for year 18,133
Eliminated on disposal (28,502 )
At 31st July 2024 220,858
NET BOOK VALUE
At 31st July 2024 116,294
At 31st July 2023 69,577

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals
£   
COST
Additions 41,180
At 31st July 2024 41,180
DEPRECIATION
Charge for year 8,579
At 31st July 2024 8,579
NET BOOK VALUE
At 31st July 2024 32,601

DEARMAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03756406)

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

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st August 2023
and 31st July 2024 100
NET BOOK VALUE
At 31st July 2024 100
At 31st July 2023 100

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The company is under the day to day control and ultimate control of the directors.