Registration number:
The Durhamford Estate Company Limited
for the Year Ended 31 January 2025
The Durhamford Estate Company Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
The Durhamford Estate Company Limited
Company Information
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Directors |
Mrs Brenda Vivienne Anson Ms Helen Jane Elizabeth Anson |
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Registered office |
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Accountants |
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The Durhamford Estate Company Limited
(Registration number: 09637614)
Balance Sheet as at 31 January 2025
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Note |
2025 |
2024 |
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Current assets |
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Stocks |
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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 assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
509,758 |
530,441 |
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Shareholders' funds |
509,858 |
530,541 |
For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The Directors acknowledge their 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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The Durhamford Estate Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
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General information |
The Company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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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
The shareholders have confirmed that they will support the company for the next twelve months and therefore the accounts have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of stock in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
The Durhamford Estate Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Tax
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.
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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition prior to sale.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
Dividends
Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the Company (including Directors) during the year, was
The Durhamford Estate Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
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Stocks |
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2025 |
2024 |
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Work in progress |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Trade creditors |
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- |
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Taxation and social security |
- |
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Accruals and deferred income |
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Related party payables |
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Other creditors |
192,735 |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Dividends |
Interim dividends paid
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2025 |
2024 |
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Interim dividend of £ |
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- |
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The Durhamford Estate Company Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
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Related party transactions |
Dividends paid to Directors
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2025 |
2024 |
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Mrs Brenda Vivienne Anson |
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Dividend of £37.50 per Ordinary Share |
1,500 |
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Mr Peter Leonard Anson |
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Dividend of £37.50 per Ordinary Share |
1,500 |
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Mr Peter Leonard Anson resigned as a Director on 4 November 2024.
Loans from related parties
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2024 |
Key management |
Total |
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At start of period |
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Advanced |
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At end of period |
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2025 |
Key management |
Total |
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At start of period |
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Advanced |
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Reclassified to other creditors |
( |
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At end of period |
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During the year, the Company owed £424 (2024 - £192,735) to its Directors, the loan is interest free to the Company and is repayable on demand. During the year, £192,735 was reclassified to other creditors from related party payables as Mr Peter Leonard Anson ceased to be a Director on 4 November 2024.