Daffodil Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07115620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DAFFODIL DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTORS:

J Moss

P Taylor

M J E Woods

SECRETARY:

S Corner

REGISTERED OFFICE:

4th Floor

49 St James's Street

London

SW1A 1AH

REGISTERED NUMBER:

07115620 (England and Wales)

ACCOUNTANTS:

Buchanan & Associates Limited

Mayden House

Main Road

Long Bennington

Nottinghamshire

NG23 5DJ

CURRENT ASSETS

Debtors

5

5,155

1,489

Cash at bank

601,825

650,050

606,980

651,539

CREDITORS

Amounts falling due within one year

6

4,513

63,834

NET CURRENT ASSETS

602,467

587,705

TOTAL ASSETS LESS CURRENT
LIABILITIES

602,467

587,705

CAPITAL AND RESERVES

Called up share capital

7

338,985

Share premium

19,347

Capital redemption reserve

90,916

Retained earnings

153,219

138,457

SHAREHOLDERS' FUNDS

602,467

587,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

J Moss - Director

1.	STATUTORY INFORMATION

Daffodil Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents proceeds of sale from development properties. Income from funded development is included in the profit and loss account when the completion criteria from the funder have been met and also, having regard to work done, income from the sale of trading properties is included when a binding contract of sale exists.

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.

Profit recognition

Profit, if any, is recognised on developments on exchange of contracts having regard to work done and the foreseeable outcome of the contract. Guarantees and other warranties given are taken into account in assessing the profit or loss to be provided in respect of such contracts. On long term contract accounting, profits are recognised on a percentage completion basis over the life of the contract when a profitable outcome is considered likely. Any foreseen losses are recognised in full immediately.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

559

Other debtors

5,155

930

5,155

1,489

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Taxation and social security

3,463

62,834

Other creditors

1,050

1,000

4,513

63,834

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

338,985

Ordinary

£1

338,985

8.	ULTIMATE CONTROLLING PARTY

The directors consider that at 31 March 2025, there was no ultimate controlling party

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Daffodil Developments Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Daffodil Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Daffodil Developments Limited and state those matters that we have agreed to state to the Board of Directors of Daffodil Developments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Daffodil Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Daffodil Developments Limited. You consider that Daffodil Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Daffodil Developments 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 financial statements.

Buchanan & Associates Limited

Mayden House

Main Road

Long Bennington

Nottinghamshire

NG23 5DJ

1 October 2025