Company No: 03184535 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	1,963,942		1,950,077
		1,963,942		1,950,077
Current assets
Stocks		673,045		596,062
Debtors	4	255,248		135,160
Cash at bank and in hand		1,388,650		1,307,628
		2,316,943		2,038,850
Creditors: amounts falling due within one year	5	( 645,353)		( 396,412)
Net current assets		1,671,590		1,642,438
Total assets less current liabilities		3,635,532		3,592,515
Creditors: amounts falling due after more than one year	6	( 644,262)		( 707,970)
Provision for liabilities		( 176,011)		( 166,218)
Net assets		2,815,259		2,718,327
Capital and reserves
Called-up share capital		60,000		60,000
Profit and loss account		2,755,259		2,658,327
Total shareholders' funds		2,815,259		2,718,327

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Delichon Limited (registered number: 03184535) were approved and authorised for issue by the Board of Directors on 23 September 2025. They were signed on its behalf by:

Mr M S Davy Director		Mrs P-J Davy Director
Mr J C Davy Director		Mr M R Davy Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Delichon Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 The Clayfields Old Brickyard Road, Sandleheath, Fordingbridge, SP6 1PA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the value of goods sold during the year, net of Value Added Tax and trade discounts. Turnover is recognised when goods are physically delivered to the customer.

Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Taxation

Current 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 corporation 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.

Tangible fixed 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.

No depreciation is charged on land and buildings as the directors consider the residual value to be greater than the cost.

Land and buildings	0 - 50 years straight line
Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress 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. 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.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	18		20

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 January 2024	1,824,768		275,616		403,072		2,503,456
Additions	0		8,137		114,132		122,269
Disposals	0		( 41,976)		( 159,399)		( 201,375)
At 31 December 2024	1,824,768		241,777		357,805		2,424,350
Accumulated depreciation
At 01 January 2024	53,611		185,875		313,893		553,379
Charge for the financial year	1,638		14,838		24,831		41,307
Disposals	0		( 36,801)		( 97,477)		( 134,278)
At 31 December 2024	55,249		163,912		241,247		460,408
Net book value
At 31 December 2024	1,769,519		77,865		116,558		1,963,942
At 31 December 2023	1,771,157		89,741		89,179		1,950,077

4. Debtors

	2024		2023
	£		£
Trade debtors	229,343		108,620
Prepayments	24,141		25,077
Other debtors	1,764		1,463
	255,248		135,160

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	66,162		73,307
Trade creditors	259,182		64,983
Taxation and social security	154,468		192,739
Obligations under finance leases and hire purchase contracts	9,615		9,615
Other creditors	155,926		55,768
	645,353		396,412

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £75,777 (2023 - £82,922).

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	634,647		688,741
Obligations under finance leases and hire purchase contracts	9,615		19,229
	644,262		707,970

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £644,262 (2023 - £707,970).

7. Related party transactions

Other related party transactions

A rent of £15,000(2023- £15,000) is being paid to Mr M S Davy and Mrs P-J Davy.