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Registration number: 05774107

Demeter House Limited
Filleted Unaudited Financial Statements
for the Year Ended 30 September 2024

Demeter House Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

Demeter House Limited

(Registration number: 05774107)
Balance Sheet as at 30 September 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 3,488,074 | 3,158,378
Current assets |  |  |
Debtors | 5 | 400,027 | 323,772
Cash at bank and in hand |  | 55,169 | 443,146
|  | 455,196 | 766,918
Creditors: Amounts falling due within one year | 6 | (552,630) | (714,996)
Net current (liabilities)/assets |  | (97,434) | 51,922
Total assets less current liabilities |  | 3,390,640 | 3,210,300
Creditors: Amounts falling due after more than one year | 6 | (803,093) | (555,510)
Provisions for liabilities |  | (72,869) | (81,587)
Net assets |  | 2,514,678 | 2,573,203
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 2,514,578 | 2,573,103
Shareholders' funds |  | 2,514,678 | 2,573,203

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 June 2025 and signed on its behalf by:

Mr R S Wardlaw Director |  |

Demeter House Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

The principal place of business is:
Demeter House
Bigby Street
Brigg
North Lincolnshire
DN20 8EF
Company registration number: 05774107

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Demeter House Limited

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold land and buildings | no depreciation is provided on freehold property as residual value is equivalent to cost and so any depreciation is immaterial
Short leasehold property | Over the term of the lease
Equipment | 20% per annum on written down value
Motor vehicles | 20% per annum on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Demeter House Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Demeter House Limited

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

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 104 (2023 - 110).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2023 | 2,792,721 | 734,056 | 84,259 | 3,611,036
Additions | 371,878 | 48,111 | 7,300 | 427,289
At 30 September 2024 | 3,164,599 | 782,167 | 91,559 | 4,038,325
Depreciation
At 1 October 2023 | 98,266 | 336,113 | 18,279 | 452,658
Charge for the year | - | 83,380 | 14,213 | 97,593
At 30 September 2024 | 98,266 | 419,493 | 32,492 | 550,251
Carrying amount
At 30 September 2024 | 3,066,333 | 362,674 | 59,067 | 3,488,074
At 30 September 2023 | 2,694,455 | 397,943 | 65,980 | 3,158,378

Included within the net book value of land and buildings above is £3,066,330 (2023 - £2,694,452) in respect of freehold land and buildings and £3 (2023 - £3) in respect of short leasehold land and buildings.

Demeter House Limited

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

5 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 318,644 | 232,288
Prepayments | 72,999 | 79,918
Other debtors | 8,384 | 11,566
| 400,027 | 323,772

6 | Creditors

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 8 | 98,040 | 55,470
Trade payables |  | 84,982 | 49,465
Amounts due to related parties |  | 8,212 | 31
Social security and other taxes |  | 33,938 | 78,146
Other payables |  | 327,458 | 531,884
|  | 552,630 | 714,996

Creditors include bank loans and overdrafts which are secured of £98,040 (2023 - £55,470). The bank loans are secured by a floating charge over the company's assets.

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 8 | 803,093 | 555,510

Creditors include bank loans which are secured of £803,093 (2023 - £555,510). The bank loans are secured by a floating charge over the company's assets.

Demeter House Limited

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

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 98,040 | 55,470

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 803,093 | 555,510