Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr C J Hall 01/04/2013 Mrs C L Hall 23/05/2024 Mr P Hodgson 01/07/2022 24 June 2025 The principal activity of the Company during the financial year is estate agency and rental management. 07458798 2024-12-31 07458798 bus:Director1 2024-12-31 07458798 bus:Director2 2024-12-31 07458798 bus:Director3 2024-12-31 07458798 2023-12-31 07458798 core:CurrentFinancialInstruments 2024-12-31 07458798 core:CurrentFinancialInstruments 2023-12-31 07458798 core:Non-currentFinancialInstruments 2024-12-31 07458798 core:Non-currentFinancialInstruments 2023-12-31 07458798 core:ShareCapital 2024-12-31 07458798 core:ShareCapital 2023-12-31 07458798 core:RetainedEarningsAccumulatedLosses 2024-12-31 07458798 core:RetainedEarningsAccumulatedLosses 2023-12-31 07458798 core:Goodwill 2023-12-31 07458798 core:Goodwill 2024-12-31 07458798 core:LandBuildings 2023-12-31 07458798 core:Vehicles 2023-12-31 07458798 core:OfficeEquipment 2023-12-31 07458798 core:LandBuildings 2024-12-31 07458798 core:Vehicles 2024-12-31 07458798 core:OfficeEquipment 2024-12-31 07458798 bus:OrdinaryShareClass1 2024-12-31 07458798 bus:OrdinaryShareClass2 2024-12-31 07458798 bus:OrdinaryShareClass3 2024-12-31 07458798 2024-01-01 2024-12-31 07458798 bus:FilletedAccounts 2024-01-01 2024-12-31 07458798 bus:SmallEntities 2024-01-01 2024-12-31 07458798 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07458798 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07458798 bus:Director1 2024-01-01 2024-12-31 07458798 bus:Director2 2024-01-01 2024-12-31 07458798 bus:Director3 2024-01-01 2024-12-31 07458798 core:Goodwill core:TopRangeValue 2024-01-01 2024-12-31 07458798 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 07458798 core:Vehicles 2024-01-01 2024-12-31 07458798 core:OfficeEquipment 2024-01-01 2024-12-31 07458798 2023-01-01 2023-12-31 07458798 core:Goodwill 2024-01-01 2024-12-31 07458798 core:LandBuildings 2024-01-01 2024-12-31 07458798 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 07458798 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07458798 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07458798 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 07458798 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 07458798 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 07458798 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07458798 (England and Wales)

DART AND PARTNERS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

DART AND PARTNERS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

DART AND PARTNERS LIMITED

BALANCE SHEET

As at 31 December 2024
DART AND PARTNERS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 105,355 118,595
Tangible assets 4 231,199 215,584
336,554 334,179
Current assets
Debtors 5 23,478 20,183
Cash at bank and in hand 180,317 188,982
203,795 209,165
Creditors: amounts falling due within one year 6 ( 139,114) ( 138,509)
Net current assets 64,681 70,656
Total assets less current liabilities 401,235 404,835
Creditors: amounts falling due after more than one year 7 ( 6,514) ( 16,514)
Provision for liabilities ( 13,260) ( 16,111)
Net assets 381,461 372,210
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 381,361 372,110
Total shareholder's funds 381,461 372,210

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dart and Partners Limited (registered number: 07458798) were approved and authorised for issue by the Board of Directors on 24 June 2025. They were signed on its behalf by:

Mr C J Hall
Director
DART AND PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
DART AND PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dart and Partners Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is 12 The Triangle, Teignmouth, Devon, TQ14 8AT.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue based on it’s value of the services provided to date.

Employee benefits

Defined contribution schemes
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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Vehicles 25 % reducing balance
Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 18 18

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 264,795 264,795
At 31 December 2024 264,795 264,795
Accumulated amortisation
At 01 January 2024 146,200 146,200
Charge for the financial year 13,240 13,240
At 31 December 2024 159,440 159,440
Net book value
At 31 December 2024 105,355 105,355
At 31 December 2023 118,595 118,595

4. Tangible assets

Land and buildings Vehicles Office equipment Total
£ £ £ £
Cost
At 01 January 2024 154,225 90,509 57,176 301,910
Additions 30,954 0 5,125 36,079
Disposals 0 0 ( 24,362) ( 24,362)
At 31 December 2024 185,179 90,509 37,939 313,627
Accumulated depreciation
At 01 January 2024 3,086 41,136 42,104 86,326
Charge for the financial year 3,211 12,344 2,230 17,785
Disposals 0 0 ( 21,683) ( 21,683)
At 31 December 2024 6,297 53,480 22,651 82,428
Net book value
At 31 December 2024 178,882 37,029 15,288 231,199
At 31 December 2023 151,139 49,373 15,072 215,584

5. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 473 473
Prepayments and accrued income 20,753 19,685
Other debtors 2,252 25
23,478 20,183

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Amounts owed to directors 7,316 21,644
Accruals 27,391 13,944
Corporation tax 37,969 39,164
Other taxation and social security 53,743 51,667
Other creditors 2,695 2,090
139,114 138,509

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 6,514 16,514

There are no amounts included above in respect of which any security has been given by the company.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 ORDINARY A shares of £ 1.00 each 50 50
25 ORDINARY B shares of £ 1.00 each 25 25
25 ORDINARY C shares of £ 1.00 each 25 25
100 100

9. Ultimate controlling party

Parent Company:

Dart and Partners Holdings Limited
Sigma House, Oak View Close, Edginswell Park, Torquay, Devon, United Kingdom, TQ2 7FF