Duncan Propellers Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05284615

Financial Statements for the Year Ended 31 December 2024

for

Duncan Propellers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D A Hunt

D A Duncan

SECRETARY:

I Mills

REGISTERED OFFICE:

Great Western Way

Forde Road

Newton Abbot

Devon

TQ12 4AW

REGISTERED NUMBER:

05284615

SENIOR STATUTORY AUDITOR:

Shane Cann BA(Hons) ACA FCCA CTA

AUDITORS:

Streets Audit LLP

Tower House

Lucy Tower Street

Lincoln

LN1 1XW

CURRENT ASSETS

Debtors

6

670,269

634,017

Cash at bank

170,383

154,010

840,652

788,027

CREDITORS

Amounts falling due within one year

7

10,196

-

NET CURRENT ASSETS

830,456

788,027

TOTAL ASSETS LESS CURRENT
LIABILITIES

830,456

788,027

CAPITAL AND RESERVES

Called up share capital

446,000

Retained earnings

384,456

342,027

830,456

788,027

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

D A Hunt - Director

1.	STATUTORY INFORMATION

Duncan Propellers Limited is a private company , limited by shares, registered in the United Kingdom. The Company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

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

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

and 31 December 2024

9,401

2,135,483

2,144,884

DEPRECIATION

At 1 January 2024

and 31 December 2024

9,401

2,135,483

2,144,884

NET BOOK VALUE

At 31 December 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

21,957

-

Amounts owed by group undertakings

648,312

634,017

670,269

634,017

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Tax

10,196

-

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Shane Cann BA(Hons) ACA FCCA CTA (Senior Statutory Auditor)

for and on behalf Streets Audit LLP

9.	RELATED PARTY DISCLOSURES

As at the year end, the company were due from Teignbridge Propellers International Limited £643,010 (2023: £628,715). The loan is interest free and carry no fixed terms of repayment.

As at the year end, the company were due from Duncan Propellers Holdings Ltd £5300 (2023: £5300). The loan is interest free and carry no fixed terms of repayment.