REGISTERED NUMBER: 12875969 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DEERFIELD HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Fentiman

REGISTERED OFFICE:

Deerfields

Lynn Road

Setchey

Kings Lynn

Norfolk

PE33 0BD

REGISTERED NUMBER:

12875969 (England and Wales)

ACCOUNTANTS:

Twinn Accountants Limited

Suite 4, East Barton Barns

East Barton Road

Great Barton

Bury St. Edmunds

Suffolk

IP31 2QY

FIXED ASSETS

Intangible assets

4

1,022,393

1,168,449

Tangible assets

5

1,031,267

1,064,141

Investments

6

5,000

5,000

2,058,660

2,237,590

CURRENT ASSETS

Debtors

7

478,979

372,542

Cash at bank

125,982

147,746

604,961

520,288

CREDITORS

Amounts falling due within one year

8

2,477,833

2,677,723

NET CURRENT LIABILITIES

(1,872,872

)

(2,157,435

)

TOTAL ASSETS LESS CURRENT LIABILITIES

185,788

80,155

PROVISIONS FOR LIABILITIES

1,832

-

NET ASSETS

183,956

80,155

CAPITAL AND RESERVES

Called up share capital

5,100

5,100

Retained earnings

178,856

75,055

183,956

80,155

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

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

The financial statements were approved by the director and authorised for issue on 4 September 2025 and were signed by:

Mr D Fentiman - Director

1.	STATUTORY INFORMATION

Deerfield Holdings 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.

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.

Turnover

Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Machinery

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1,460,561

AMORTISATION

At 1 January 2024

292,112

Charge for year

146,056

At 31 December 2024

438,168

NET BOOK VALUE

At 31 December 2024

1,022,393

At 31 December 2023

1,168,449

5.	TANGIBLE FIXED ASSETS

Freehold

Motor

Computer

property

Machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,117,027

8,881

30,124

10,545

1,166,577

Additions

-

1,118

-

1,357

2,475

Disposals

-

-

(30,124

)

-

(30,124

)

At 31 December 2024

1,117,027

9,999

-

11,902

1,138,928

DEPRECIATION

At 1 January 2024

70,746

5,249

22,593

3,848

102,436

Charge for year

22,341

2,500

-

2,977

27,818

Eliminated on disposal

-

-

(22,593

)

-

(22,593

)

At 31 December 2024

93,087

7,749

-

6,825

107,661

NET BOOK VALUE

At 31 December 2024

1,023,940

2,250

-

5,077

1,031,267

At 31 December 2023

1,046,281

3,632

7,531

6,697

1,064,141

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

5,000

NET BOOK VALUE

At 31 December 2024

5,000

At 31 December 2023

5,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

8,000

32,200

Amounts owed by group undertakings

428,603

340,342

VAT

376

-

Prepayments and accrued income

42,000

-

478,979

372,542

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

541

1,624

Corporation tax

36,070

49,706

VAT

-

4,395

Director's current account

2,438,480

2,619,779

Accrued expenses

2,742

2,219

2,477,833

2,677,723