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REGISTERED NUMBER: 02486233 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Denborne Limited

Denborne Limited (Registered number: 02486233)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Denborne Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: D N Hobden





SECRETARY: D N Hobden





REGISTERED OFFICE: Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX





REGISTERED NUMBER: 02486233 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Denborne Limited (Registered number: 02486233)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 7,229 8,505
Investments 6 701,511 616,780
Investment property 7 1,140,000 1,230,000
1,848,740 1,855,285

CURRENT ASSETS
Debtors 8 14,240 32,008
Cash at bank 866,888 858,985
881,128 890,993
CREDITORS
Amounts falling due within one year 9 37,119 17,018
NET CURRENT ASSETS 844,009 873,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,692,749

2,729,260

PROVISIONS FOR LIABILITIES 10 58,635 38,340
NET ASSETS 2,634,114 2,690,920

CAPITAL AND RESERVES
Called up share capital 3,653 3,653
Non distributable reserve 11 300,111 390,711
Retained earnings 2,330,350 2,296,556
2,634,114 2,690,920

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.

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 27 May 2025 and were signed by:





D N Hobden - Director


Denborne Limited (Registered number: 02486233)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Denborne 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.

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets, and certain assets and liabilities measured at fair value through the income statement.

Turnover
Turnover is measured at the fair value of the rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Tangible fixed assets are initially recognised at cost and subsequently measured at amortised cost.

Investment property
Investment property is initially recognised at cost and subsequently measured at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement. In accordance with FRS 102 investment property is not depreciated.

Fixed asset investments
Fixed assets investments comprise listed investments.

Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at fair value at the balance sheet date using the closing quoted market price. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Financial instruments
i) Financial assets
Basic financial assets, including other receivables and cash and bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

At the balance sheet date financial assets are assessed for evidence of impairment. If an asset is impaired the impairment loss is recognised in the income statement.

ii) Financial liabilities
Basic financial liabilities, including other payables, are initially recognised at transaction price and subsequently measured at amortised 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.


Denborne Limited (Registered number: 02486233)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued
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.

Critical accounting estimates and estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are addressed below:

i) Valuation of investment properties
The company carries its investment property at fair value, with changes in fair value being recognised in profit or loss. The director determined fair value at the year end. Further details of these valuations is set out in note 8.

ii) Deferred taxation

Management estimation is required to determine the amount of deferred tax that should be provided, based on the value of investments and investment properties and estimated tax due on any future sale. Further details of this provision is set out in note 11.

Dividend
Dividends and other distributions to company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the company's shareholders.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 16,804
DEPRECIATION
At 1 October 2023 8,299
Charge for year 1,276
At 30 September 2024 9,575
NET BOOK VALUE
At 30 September 2024 7,229
At 30 September 2023 8,505

Denborne Limited (Registered number: 02486233)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 October 2023 616,780
Additions 122,949
Disposals (117,394 )
Remeasurement of fair value 79,176
At 30 September 2024 701,511
NET BOOK VALUE
At 30 September 2024 701,511
At 30 September 2023 616,780


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,230,000
Additions 600
Revaluations (90,600 )
At 30 September 2024 1,140,000
NET BOOK VALUE
At 30 September 2024 1,140,000
At 30 September 2023 1,230,000

Investment properties are shown at fair value. All properties have been valued at open market value.

The open market values of the properties at the balance sheet date are reviewed by Director and adjusted in view of any information which has become available since the date of the last valuation by a qualified external valuer.

The values have been reviewed and revalued inline with future sale proceeds.

The historic cost equivalent value of the freehold properties at the Balance Sheet date amounted to £839,889 (2023 - £839,289).

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,500 4,800
Other debtors 11,740 27,208
14,240 32,008

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,819 5,218
Taxation and social security 4,145 2,965
Other creditors 20,155 8,835
37,119 17,018

Denborne Limited (Registered number: 02486233)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 58,635 38,340

Deferred
tax
£   
Balance at 1 October 2023 38,340
Provided during year 20,295
Balance at 30 September 2024 58,635

11. RESERVES
Non
distributable
reserve
£   
At 1 October 2023 390,711
Revaluation of investment properties (90,600 )

At 30 September 2024 300,111

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
D N Hobden
Balance outstanding at start of year 4,138 3,935
Amounts advanced 33,203 29,451
Amounts repaid (42,850 ) (29,248 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,509 ) 4,138