48 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 02025728 2022-12-01 2024-03-31 02025728 2024-03-31 02025728 2022-11-30 02025728 2021-12-01 2022-11-30 02025728 2022-11-30 02025728 2021-11-30 02025728 core:MotorVehicles 2022-12-01 2024-03-31 02025728 bus:OrdinaryShareClass1 2022-12-01 2024-03-31 02025728 bus:Director3 2022-12-01 2024-03-31 02025728 core:LandBuildings 2022-11-30 02025728 core:LandBuildings 2024-03-31 02025728 core:WithinOneYear 2024-03-31 02025728 core:WithinOneYear 2022-11-30 02025728 core:ShareCapital 2024-03-31 02025728 core:ShareCapital 2022-11-30 02025728 core:RevaluationReserve 2024-03-31 02025728 core:RevaluationReserve 2022-11-30 02025728 core:RetainedEarningsAccumulatedLosses 2024-03-31 02025728 core:RetainedEarningsAccumulatedLosses 2022-11-30 02025728 core:LandBuildings 2022-11-30 02025728 bus:SmallEntities 2022-12-01 2024-03-31 02025728 bus:AuditExemptWithAccountantsReport 2022-12-01 2024-03-31 02025728 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2024-03-31 02025728 bus:PrivateLimitedCompanyLtd 2022-12-01 2024-03-31 02025728 bus:FullAccounts 2022-12-01 2024-03-31 02025728 bus:OrdinaryShareClass1 2024-03-31 02025728 bus:OrdinaryShareClass1 2022-11-30 02025728 core:ComputerEquipment 2022-12-01 2024-03-31 02025728 core:ComputerEquipment 2022-11-30 02025728 core:ComputerEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 02025728
Defiant Enterprises Limited
Unaudited financial statements
31 March 2024
Defiant Enterprises Limited
Statement of financial position
31 March 2024
31 Mar 24
30 Nov 22
Note
£
£
£
£
Fixed assets
Tangible assets
5
2,616,921
2,621,103
Current assets
Stocks
4,882
4,882
Debtors
6
986,675
531,919
Cash at bank and in hand
38,478
2,424
-----------
---------
1,030,035
539,225
Creditors: Amounts falling due within one year
7
( 386,582)
( 256,343)
-----------
---------
Net current assets
643,453
282,882
-----------
-----------
Total assets less current liabilities
3,260,374
2,903,985
Provisions
Taxation including deferred tax
( 152,431)
( 152,902)
Accruals and deferred income
( 5,354)
( 16,750)
-----------
-----------
Net assets
3,102,589
2,734,333
-----------
-----------
Capital and reserves
Called up share capital
8
10,000
10,000
Revaluation reserve
1,294,943
1,294,943
Profit and loss account
1,797,646
1,429,390
-----------
-----------
Shareholders funds
3,102,589
2,734,333
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Defiant Enterprises Limited
Statement of financial position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 6 June 2025 , and are signed on behalf of the board by:
Mr D G Baciu
Director
Company registration number: 02025728
Defiant Enterprises Limited
Notes to the financial statements
Period from 1 December 2022 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3-5 College Street, Nottingham, Nottinghamshire, England, NG1 5AQ. The trading address of the company is The Laurels Care Home, West Carr Road, Attleborough, Norfolk, NR17 1AA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. On transition to FRS 102, the director elected to use the most recent valuation of Freehold property as deemed cost and continued to depreciate in accordance with the existing depreciation accounting policy.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
25% reducing balance
Equipment
-
15% reducing balance
Depreciation of £nil has been charged on the Freehold Property held by the company as the directors consider that the net realisable value of these assets is in excess of cost.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of employees during the period was 48 (2022: 40 ).
5. Tangible assets
Freehold property
Equipment
Total
£
£
£
Cost
At 1 December 2022
2,597,321
149,656
2,746,977
Additions
555
555
-----------
---------
-----------
At 31 March 2024
2,597,321
150,211
2,747,532
-----------
---------
-----------
Depreciation
At 1 December 2022
125,874
125,874
Charge for the period
4,737
4,737
-----------
---------
-----------
At 31 March 2024
130,611
130,611
-----------
---------
-----------
Carrying amount
At 31 March 2024
2,597,321
19,600
2,616,921
-----------
---------
-----------
At 30 November 2022
2,597,321
23,782
2,621,103
-----------
---------
-----------
The freehold property was last revalued on 30 November 2008 to reflect the market value at that date. On transition to FRS 102, the director elected to use the most recent valuation of Freehold property as deemed cost and continued to depreciate in accordance with the existing depreciation accounting policy.
6. Debtors
31 Mar 24
30 Nov 22
£
£
Amounts owed by group undertakings
966,725
528,290
Prepayments and accrued income
19,950
3,629
---------
---------
986,675
531,919
---------
---------
7. Creditors: Amounts falling due within one year
31 Mar 24
30 Nov 22
£
£
Trade creditors
10,616
10,263
Amounts owed to group undertakings and undertakings in which the company has a participating interest
53,308
55,018
Social security and other taxes
129,495
31,579
Other creditors
193,163
159,483
---------
---------
386,582
256,343
---------
---------
8. Called up share capital
Issued, called up and fully paid
31 Mar 24
30 Nov 22
No.
£
No.
£
Ordinary shares of £ 1 each
10,000
10,000
10,000
10,000
-------
-------
-------
-------