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REGISTERED NUMBER: 11025784 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

DERWEN ASSOCIATES LIMITED

DERWEN ASSOCIATES LIMITED (REGISTERED NUMBER: 11025784)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DERWEN ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: M A Whitty





SECRETARY: Mrs C G Whitty





REGISTERED OFFICE: 53 Oak Road
Fareham
Hampshire
PO15 5HH





REGISTERED NUMBER: 11025784 (England and Wales)





ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

DERWEN ASSOCIATES LIMITED (REGISTERED NUMBER: 11025784)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 184 140
Cash at bank 461 611
645 751
CREDITORS
Amounts falling due within one year 6 11,008 9,681
NET CURRENT LIABILITIES (10,363 ) (8,930 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,363

)

(8,930

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (10,463 ) (9,030 )
SHAREHOLDERS' FUNDS (10,363 ) (8,930 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd July 2025 and were signed by:





M A Whitty - Director


DERWEN ASSOCIATES LIMITED (REGISTERED NUMBER: 11025784)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

Derwen Associates 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 the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

Going concern
The financial statements for the year ended 31st October 2024 have been prepared on a going concern basis. In making this going concern assessment, all available information about the foreseeable future has been taken into account. Despite net liabilities exceeding net assets for the year ended 31st October 2024, the directors feel that as the majority of net liabilities are directors loan accounts, the going concern basis of preparation remains appropriate.

3. EMPLOYEES AND DIRECTORS

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

DERWEN ASSOCIATES LIMITED (REGISTERED NUMBER: 11025784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1st November 2023
and 31st October 2024 688
DEPRECIATION
At 1st November 2023
and 31st October 2024 688
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 184 140

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 11,008 9,681

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A Shares 1 50 50
50 Ordinary B Shares 1 50 50
100 100