Denford Park Services Limited 12194553 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the maintenance of a private household. Digita Accounts Production Advanced 6.30.9574.0 true true true 12194553 2023-10-01 2024-09-30 12194553 2024-09-30 12194553 core:CurrentFinancialInstruments 2024-09-30 12194553 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12194553 core:MotorVehicles 2024-09-30 12194553 core:PlantMachinery 2024-09-30 12194553 bus:SmallEntities 2023-10-01 2024-09-30 12194553 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12194553 bus:FilletedAccounts 2023-10-01 2024-09-30 12194553 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12194553 bus:RegisteredOffice 2023-10-01 2024-09-30 12194553 bus:Director1 2023-10-01 2024-09-30 12194553 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12194553 core:MotorVehicles 2023-10-01 2024-09-30 12194553 core:PlantMachinery 2023-10-01 2024-09-30 12194553 core:OtherRelatedParties 2023-10-01 2024-09-30 12194553 1 2023-10-01 2024-09-30 12194553 countries:EnglandWales 2023-10-01 2024-09-30 12194553 2023-09-30 12194553 core:MotorVehicles 2023-09-30 12194553 core:PlantMachinery 2023-09-30 12194553 2022-10-01 2023-09-30 12194553 2023-09-30 12194553 core:CurrentFinancialInstruments 2023-09-30 12194553 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12194553 core:MotorVehicles 2023-09-30 12194553 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 12194553

Denford Park Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Denford Park Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Denford Park Services Limited

(Registration number: 12194553)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

265,857

187,964

Current assets

 

Debtors

5

13,125

16,926

Cash at bank and in hand

 

44,482

24,223

 

57,607

41,149

Creditors: Amounts falling due within one year

6

(3,452,016)

(2,630,410)

Net current liabilities

 

(3,394,409)

(2,589,261)

Net liabilities

 

(3,128,552)

(2,401,297)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(3,128,553)

(2,401,298)

Shareholders' deficit

 

(3,128,552)

(2,401,297)

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 June 2025
 

.........................................
N H D Ryder
Director

 

Denford Park Services 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 and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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).

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.

Going concern

Denford Park Services Limited reported a loss for the year of £727,255 (2023: £637,558) and at the balance sheet date, the company had net liabilities of £3,128,552 (2023: 2,401,297). The company administers the maintenance of a private household, paying suppliers, contractors and staff as required. It is a non-trading company for tax purposes and is fully funded to meet liabilities as they fall due. The accounts have therefore been prepared on a going concern basis.

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

Motor vehicles

33% straight line

Property improvements

10% straight line

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.

 

Denford Park Services 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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2023 - 8).

 

Denford Park Services Limited

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

4

Tangible assets

Property improvements
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

88,897

345,776

434,673

Additions

-

149,695

149,695

Disposals

-

(50,000)

(50,000)

At 30 September 2024

88,897

445,471

534,368

Depreciation

At 1 October 2023

25,376

221,333

246,709

Charge for the year

8,890

62,912

71,802

Eliminated on disposal

-

(50,000)

(50,000)

At 30 September 2024

34,266

234,245

268,511

Carrying amount

At 30 September 2024

54,631

211,226

265,857

At 30 September 2023

63,521

124,443

187,964

5

Debtors

Current

2024
£

2023
£

Prepayments

13,125

16,926

 

13,125

16,926

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

7,895

8,710

Other creditors

3,444,121

2,621,700

3,452,016

2,630,410

 

Denford Park Services Limited

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

7

Financial commitments, guarantees and contingencies

The company operates a defined pension contribution pension scheme. The assets are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amount to £5,823 (2023: 15,799). Included in creditors is a balance owed in relation to pension payments of £1,281 (2023: £1,281).

8

Related party transactions

At the balance sheet date, the company owed the ultimate controlling party £3,412,114 (2023: £2,616,953). The loan is interest free, unsecured, and considered to be repayable on demand. Undertakings from the ultimate controlling party have been received by Denford Park Services Limited that the loan balance will not be recalled to the detriment of the ability of the company to continue as a going concern.

9

Ultimate Controlling Party

The company's immediate parent is Denford Park Holding Company Limited, incorporated in England and Wales.

 The ultimate controlling party is HRH Prince Faisal Bin Salman Al Saud.