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Registration number: 02305322

Denniss & Marwood Developments Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Denniss & Marwood Developments Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Denniss & Marwood Developments Limited

Company Information

Directors | Mr C P Marwood Mrs L S V Marwood

Company secretary | Mrs L S V Marwood

Registered office | Unit 1 Premier Court Richmond Road Fairfield Industrial Estate Louth North East Lincolnshire LN11 0RZ

Denniss & Marwood Developments Limited

(Registration number: 02305322)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 137,300 | 167,198
Current assets |  |  |
Stocks | 5 | 103,239 | 47,927
Debtors | 6 | 414,146 | 372,492
Cash at bank and in hand |  | 173,298 | 244,558
|  | 690,683 | 664,977
Creditors: Amounts falling due within one year | 7 | (460,124) | (416,330)
Net current assets |  | 230,559 | 248,647
Total assets less current liabilities |  | 367,859 | 415,845
Creditors: Amounts falling due after more than one year | 7 | (22,871) | (34,030)
Provisions for liabilities |  | (28,759) | (35,878)
Net assets |  | 316,229 | 345,937
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 316,129 | 345,837
Shareholders' funds |  | 316,229 | 345,937

For the financial year ending 30 April 2025 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 accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 September 2025 and signed on its behalf by:

Denniss & Marwood Developments Limited

(Registration number: 02305322)
Balance Sheet as at 30 April 2025

......................................... Mr C P Marwood Director
......................................... Mrs L S V Marwood Company secretary and director

Denniss & Marwood Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1 Premier Court
Richmond Road
Fairfield Industrial Estate
Louth
North East Lincolnshire
LN11 0RZ

These financial statements were authorised for issue by the Board on 28 September 2025.

2 | 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.
The financial statements cover Denniss & Marwood Developments Limited as an individual entity.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

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.

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognisable as income in the period in which they become receivable.

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.

Denniss & Marwood Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Asset class | Depreciation method and rate
Land and buildings | No depreciation
Plant and machinery | 25% per annum on a reducing balance basis
Furniture and fittings | 20% per annum on a reducing balance basis
Motor vehicles | 25% per annum on a reducing balance basis

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 at the transaction price. They are subsequently measured at cost, 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
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 inventories 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.

Denniss & Marwood Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

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 at the transaction price.

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.

Leases

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.

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company contributes to the personal pension plans of members of staff and directors. Contributions are recognised in the profit and loss accountin the period in which they become payable in accordance with the rules of the scheme.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 13 (2024 - 15).

Denniss & Marwood Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 20,000 | 195,102 | 206,515 | 421,617
Additions | - | - | 29,500 | 29,500
Disposals | - | - | (58,395) | (58,395)
At 30 April 2025 | 20,000 | 195,102 | 177,620 | 392,722
Depreciation
At 1 May 2024 | - | 145,270 | 109,149 | 254,419
Charge for the year | - | 11,852 | 13,483 | 25,335
Eliminated on disposal | - | - | (24,332) | (24,332)
At 30 April 2025 | - | 157,122 | 98,300 | 255,422
Carrying amount
At 30 April 2025 | 20,000 | 37,980 | 79,320 | 137,300
At 30 April 2024 | 20,000 | 49,832 | 97,366 | 167,198

Included within the net book value of land and buildings above is £20,000 (2024 - £20,000) in respect of freehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 3,500 | 3,500
Work in progress | 99,739 | 44,427
| 103,239 | 47,927

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 380,791 | 330,944
Prepayments | 33,355 | 41,548
| 414,146 | 372,492

Denniss & Marwood Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 20,667 | 70,100
Trade creditors |  | 183,563 | 193,604
Amounts owed to Company undertakings and undertakings in which the Company has a participating interest | 10 | 23,925 | -
Taxation and social security |  | 141,149 | 110,087
Accruals and deferred income |  | 75,331 | 25,531
Other creditors |  | 15,489 | 17,008
|  | 460,124 | 416,330

Creditors due within one year include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £20,667 (2024 - £70,100).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 22,871 | 34,030

| 2025 £ | 2024 £
Due after more than five years |  |
| - | -

Creditors due after more than one year include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £22,871 (2024 - £34,030).

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

Denniss & Marwood Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 10,833
Hire purchase contracts | 22,871 | 23,197
| 22,871 | 34,030

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 10,001
Bank overdrafts | - | 13,147
Hire purchase contracts | 20,667 | 46,952
| 20,667 | 70,100

10 | Related party transactions

Denniss & Marwood Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Transactions with Directors

2025 | At 1 May 2024 £ | Advances to Director £ | Repayments by Director £ | At 30 April 2025 £
Mr C P Marwood
Interest free loan | - | 2,853 | (2,853) | -

2024 | At 1 May 2023 £ | Repayments by Director £ | At 30 April 2024 £
Mr P R Marwood
Loan - interest charged at HMRC official rate of interest | 151 | (151) | -
Mrs L Marwood
Loan - interest charged at HMRC official rate of interest | 151 | (151) | -

Denniss & Marwood Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

11 | Parent and ultimate parent undertaking

The Company's immediate parent is Marwood Holdings Limited, incorporated in England.