Registration number:
Denford Park Services Limited
for the Year Ended 30 September 2024
Denford Park Services Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Denford Park Services Limited
(Registration number: 12194553)
Balance Sheet as at 30 September 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
(3,128,553) |
(2,401,298) |
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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:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Denford Park Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Denford Park Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Tangible assets |
Property improvements |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 October 2023 |
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Additions |
- |
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Disposals |
- |
( |
( |
At 30 September 2024 |
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Depreciation |
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At 1 October 2023 |
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Charge for the year |
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Eliminated on disposal |
- |
( |
( |
At 30 September 2024 |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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Debtors |
Current |
2024 |
2023 |
Prepayments |
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Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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Denford Park Services Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
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).
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.
Ultimate Controlling Party |
The company's immediate parent is
The ultimate controlling party is