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REGISTERED NUMBER: 05399799









Financial Statements for the Year Ended 30th June 2024

for

Daniel Family Homes Limited

Daniel Family Homes Limited (Registered number: 05399799)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Daniel Family Homes Limited

Company Information
for the Year Ended 30th June 2024







DIRECTOR: T A Daniel





REGISTERED OFFICE: 16 North Common Road
Uxbridge
UB8 1PD





REGISTERED NUMBER: 05399799





ACCOUNTANTS: Vitta Advisory Limited
54 Newberries Avenue
Radlett
WD7 7EP

Daniel Family Homes Limited (Registered number: 05399799)

Balance Sheet
30th June 2024

30/6/24 30/6/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 239 958
Investment property 5 1,000,349 1,000,349
1,000,588 1,001,307

CURRENT ASSETS
Stock and work in progress 426,394 425,737
Debtors 6 680,102 688,874
Cash at bank 807 2,063
1,107,303 1,116,674
CREDITORS
Amounts falling due within one year 7 (2,016,555 ) (1,879,584 )
NET CURRENT LIABILITIES (909,252 ) (762,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,336

238,397

CREDITORS
Amounts falling due after more than one
year

8

(1,334,537

)

(1,321,979

)
NET LIABILITIES (1,243,201 ) (1,083,582 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 157,810 157,810
Retained earnings (1,402,011 ) (1,242,392 )
(1,243,201 ) (1,083,582 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Daniel Family Homes Limited (Registered number: 05399799)

Balance Sheet - continued
30th June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th July 2025 and were signed by:





T A Daniel - Director


Daniel Family Homes Limited (Registered number: 05399799)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. STATUTORY INFORMATION

Daniel Family Homes Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

The Director believes, after due and careful enquiry, that the company has sufficient resources for its present requirements and is able to meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of signing of these financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stock and work in progress
Stocks of properties for sale are valued at the lower of cost and net realisable value and are subject to an annual impairment review.

Cost includes all expenditure incurred to bring the property to its current condition and location including an apportionment of development costs and interest.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Daniel Family Homes Limited (Registered number: 05399799)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 8,376 10,406 18,782
DEPRECIATION
At 1st July 2023 8,376 9,448 17,824
Charge for year - 719 719
At 30th June 2024 8,376 10,167 18,543
NET BOOK VALUE
At 30th June 2024 - 239 239
At 30th June 2023 - 958 958

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023
and 30th June 2024 1,000,349
NET BOOK VALUE
At 30th June 2024 1,000,349
At 30th June 2023 1,000,349

The fair value of investment property has been arrived at on the basis of a valuation carried out personally by the Directors. The valuation was made on an open market value basis by reference to market evidence of transactions prices for similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 1,386 2,838
Other debtors 678,716 686,036
680,102 688,874

Daniel Family Homes Limited (Registered number: 05399799)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 10,000 5,957
Trade creditors 4,081 4,134
Other creditors 2,002,474 1,869,493
2,016,555 1,879,584

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Bank loans 1,334,537 1,321,979

9. RELATED PARTY DISCLOSURES

Included within other debtors and other creditors are balances with various companies in which the Directors and Shareholders have interests. The balances are all interest free and repayable on demand.