Registration number:
Denington Properties Limited
for the Period from 1 April 2024 to 30 June 2025
Denington Properties Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Denington Properties Limited
Company Information
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Director |
Mr David Alan Dodd |
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Registered office |
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Accountants |
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Denington Properties Limited
Director's Report for the Period from 1 April 2024 to 30 June 2025
The director presents his report and the financial statements for the period from 1 April 2024 to 30 June 2025.
Directors of the company
The directors who held office during the period were as follows:
Principal activity
The principal activity of the company is buying and letting of property.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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Mr David Alan Dodd
Director
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Denington Properties Limited
for the Period Ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Denington Properties Limited for the period ended 30 June 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Denington Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Denington Properties Limited and state those matters that we have agreed to state to the Board of Directors of Denington Properties Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Denington Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Denington Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Denington Properties Limited. You consider that Denington Properties Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Denington Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ
Denington Properties Limited
(Registration number: 10662839)
Balance Sheet as at 30 June 2025
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Note |
30 June |
31 March |
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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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- |
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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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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,000 |
1,000 |
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Retained earnings |
653,512 |
369,684 |
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Shareholders' funds |
654,512 |
370,684 |
For the financial period ending 30 June 2025 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. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Denington Properties Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 June 2025
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General information |
The company is a private company limited by share capital, incorporated in England and 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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.
Tax
The tax expense for the period comprises current and deferred 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.
Denington Properties Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 June 2025
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
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:
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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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.
Denington Properties Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 June 2025
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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.
Financial instruments
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Staff numbers |
The average number of persons employed by the company during the period, was
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Tangible assets |
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Land and buildings |
Total |
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Cost or valuation |
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At 1 April 2024 |
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Revaluations |
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At 30 June 2025 |
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Depreciation |
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Carrying amount |
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At 30 June 2025 |
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At 31 March 2024 |
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The current market value has been assessed based on an independent professional valuation carried out in September 2024.
Denington Properties Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 June 2025
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Debtors |
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30 June |
31 March |
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Prepayments |
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- |
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Other debtors |
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- |
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- |
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Creditors |
Creditors: amounts falling due within one year
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Note |
30 June |
31 March |
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Due within one year |
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Bank loans and overdrafts |
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Trade creditors |
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- |
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Taxation and social security |
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Other creditors |
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Due after one year |
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Loans and borrowings |
- |
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Creditors: amounts falling due after more than one year
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Note |
30 June |
31 March |
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Due after one year |
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Loans and borrowings |
- |
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Share capital |
Allotted, called up and fully paid shares
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30 June |
31 March |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
Denington Properties Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 June 2025
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Reserves |
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Note |
30 June 2025 |
31 March 2024 |
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Distributable reserves |
135,075 |
86,446 |
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Non-distributable reserves |
518,437 |
283,238 |
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653,512 |
369,684 |
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Loans and borrowings |
Non-current loans and borrowings
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30 June |
31 March |
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Bank borrowings |
- |
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Current loans and borrowings
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30 June |
31 March |
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Bank borrowings |
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Financial commitments, guarantees and contingencies |
Charges were created on 10 April 2019 by Santander UK PLC. There is a fixed charge over freehold land known as 9-11 Denington Road, Denington Industrial Estate, Wellingborough, Northamptonshire, NN8 2QH, United Kingdom comprised in title number NN185796 and a floating charge over all of the assets of the company.
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Related party transactions |
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Transactions with the director |
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2025 |
At 1 April 2024 |
Advances to director |
Repayments by director |
At 30 June 2025 |
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Loan to director |
( |
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( |
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Interest has been charged at HMRC's beneficial loan interest rates on balances in excess of £10,000. The loan is repayable on demand.
Denington Properties Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 30 June 2025
Loans from related parties
Handcraft Manufacturing Limited
Included within creditors is an amount of £Nil (2024: £10,003) due to Handcraft Manufacturing Limited, a company connected by virtue of common directorship. The loan was interest free and has no set repayment terms.
Handcraft Holding Company Limited
Included within creditors is an amount of £320,484 (2024: £Nil) due to Handcraft Holding Company Limited, a company connected by virtue of common directorship. The loan was interest free and has no set repayment terms.