Company registration number 03058653 (England and Wales)
DALESTEAD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
DALESTEAD LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DALESTEAD LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,124,791
2,150,978
Investment property
4
406,240
406,240
2,531,031
2,557,218
Current assets
Stocks
323,750
392,674
Debtors
5
1,452,313
1,468,627
Investments
6
50,000
50,000
Cash at bank and in hand
444,759
199,620
2,270,822
2,110,921
Creditors: amounts falling due within one year
7
(263,631)
(229,136)
Net current assets
2,007,191
1,881,785
Total assets less current liabilities
4,538,222
4,439,003
Provisions for liabilities
(30,923)
(37,452)
Net assets
4,507,299
4,401,551
Capital and reserves
Called up share capital
1,000
1,000
Revaluation reserve
1,476,943
1,476,943
Profit and loss reserves
3,029,356
2,923,608
Total equity
4,507,299
4,401,551
DALESTEAD LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2024
31 October 2024
- 2 -

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 July 2025 and are signed on its behalf by:
Mr KA Hind
Director
Company registration number 03058653 (England and Wales)
DALESTEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

Dalestead Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Buttercrambe Road, Stamford Bridge, York, North Yorkshire, United Kingdom, YO41 1AN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
not depreciated
Leasehold land and buildings
10% straight line
Plant and equipment
20% reducing balance
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss.

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

DALESTEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
DALESTEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 November 2023
2,075,849
565,968
2,641,817
Additions
-
0
10,500
10,500
Disposals
-
0
(13,750)
(13,750)
At 31 October 2024
2,075,849
562,718
2,638,567
Depreciation and impairment
At 1 November 2023
75,849
414,990
490,839
Depreciation charged in the year
-
0
31,407
31,407
Eliminated in respect of disposals
-
0
(8,470)
(8,470)
At 31 October 2024
75,849
437,927
513,776
Carrying amount
At 31 October 2024
2,000,000
124,791
2,124,791
At 31 October 2023
2,000,000
150,978
2,150,978

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

2024
2023
£
£
Cost
523,057
523,057
4
Investment property
2024
£
Fair value
At 1 November 2023 and 31 October 2024
406,240

The directors consider that the market value of the company's investment property is not significantly different from cost.

There has been no valuation of investment property by an independent valuer.

 

DALESTEAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,737
11,718
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,410,872
1,410,960
Other debtors
37,704
45,949
1,452,313
1,468,627
6
Current asset investments
2024
2023
£
£
Other investments
50,000
50,000

Investments are listed on a recognised stock exchange and had a market value of £83,373 ( 2023 £74,498 ).

7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,297
10,707
Corporation tax
52,817
26,632
Other taxation and social security
47,424
7,252
Other creditors
155,093
184,545
263,631
229,136
8
Related party transactions

Included in debtors is £1,342,815 ( 2023 £1,357,904 ) due from Cawood Leisure Limited, a wholly owned subsidiary of Yorkshire Holiday Parks Limited.

9
Parent company

The company's immediate parent is Yorkshire Holiday Parks Limited, incorporated in England and Wales.

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