REGISTERED NUMBER: 00686812 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DARIN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Entwistle

REGISTERED OFFICE:

Bank View

Shard Lane

Hambleton

Poulton -le-Fylde

Lancashire

FY6 9BX

REGISTERED NUMBER:

00686812 (England and Wales)

ACCOUNTANTS:

Hayes & Co

Chartered Accountants

St.Andrews House

11 Dalton Court, Commercial Road,

Blackburn Interchange

Darwen

Lancashire

BB3 0DG

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

2,198,343

2,271,835

Investment property

7

2,582,664

2,582,664

4,781,007

4,854,499

CURRENT ASSETS

Stocks

144,651

180,377

Debtors

8

249,930

381,556

Cash at bank and in hand

395,325

236,922

789,906

798,855

CREDITORS

Amounts falling due within one year

9

992,596

1,064,041

NET CURRENT LIABILITIES

(202,690

)

(265,186

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,578,317

4,589,313

CREDITORS

Amounts falling due after more than one year

10

(187,734

)

(234,336

)

PROVISIONS FOR LIABILITIES

(523,410

)

(538,470

)

NET ASSETS

3,867,173

3,816,507

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

12

1,394,513

1,394,513

Fair value reserve

12

571,571

571,571

Retained earnings

1,900,089

1,849,423

SHAREHOLDERS' FUNDS

3,867,173

3,816,507

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 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 28 October 2025 and were signed by:

J Entwistle - Director

1.	STATUTORY INFORMATION

Darin Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 00686812 and the registered office is Bank View, Shard Lane, Hambleton, Poulton-le- Fylde, Lancashire, FY6 9BX.

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. The presentation currency of the financial statements is the Pound Sterling (£) and the accounts are rounded to the nearest £.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting polices, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience that the directors have and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on going basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover

Turnover represents the consideration received for the supply of goods and rental of property in the performance of the company's principal activities and is recorded in the financial statements net of Value Added Tax. It is recognised on the supply of goods, net of value added tax and trade discounts. Rentals are recognised when invoiced.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, has been fully written off. A second business was purchased in 2012 and the goodwill was written off over 3 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixed assets are initially recorded at cost and are measured at cost less accumulated depreciation and any accumulated impairment losses.

Land and Buildings is comprised of freehold property. Land is not depreciated, depreciation on the freehold buildings and improvements is calculated using a straight line basis over the estimated useful life of 40 years.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are initially recorded at cost plus costs of acquisition.

The increase or decrease in fair value, less the deferred taxation on the increase are show in a separate non distributable reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company contributes to defined contribution pension plans. Contributions payable to the pension plans are charged to profit or loss in the period to which they relate.

Going concern

The director's have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Employee benefits

The costs of short- term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Financial instruments

The company has elected to apply the provisions of section 11 ' Basic Financial Instruments' and section 12 'Other Financial Instruments' of FRS 102 to all of its financial instruments.

Financial Instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade receivable, cash and bank balances and loans to fellow group companies are initially recorded at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market value rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

The company has no financial instruments that are classified as other financial assets.

Impairment of financial assets

Financial assets, other than those held at fair value through the income statement, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result if one or more events that occurred after the initial recognition of the financial assets, the estimated future cash flows have been affected. If an assets is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in the income statement.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Basic financial liabilities, including creditors, loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

The company has no financial instruments that are classified as other financial liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 29 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

7,000

AMORTISATION

At 1 April 2024

and 31 March 2025

7,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

2,165,431

841,988

231,178

3,238,597

Disposals

-

-

(38,990

)

(38,990

)

At 31 March 2025

2,165,431

841,988

192,188

3,199,607

DEPRECIATION

At 1 April 2024

168,750

719,845

78,167

966,762

Charge for year

18,750

18,322

20,574

57,646

Eliminated on disposal

-

-

(23,144

)

(23,144

)

At 31 March 2025

187,500

738,167

75,597

1,001,264

NET BOOK VALUE

At 31 March 2025

1,977,931

103,821

116,591

2,198,343

At 31 March 2024

1,996,681

122,143

153,011

2,271,835

Included in cost of land and buildings is freehold land of £ 1,397,975 (2024 - £ 1,397,975 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

107,176

DEPRECIATION

At 1 April 2024

16,076

Charge for year

13,665

At 31 March 2025

29,741

NET BOOK VALUE

At 31 March 2025

77,435

At 31 March 2024

91,100

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,582,664

NET BOOK VALUE

At 31 March 2025

2,582,664

At 31 March 2024

2,582,664

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

714,464

Cost

1,868,200

2,582,664

If the investment property had not been revalued 2016 would have been included at the following historical cost:

2025

2024

£

£

Cost

1,868,200

1,868,200

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

64,854

181,817

Other debtors

141,669

161,669

Prepayments

43,407

38,070

249,930

381,556

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

27,702

22,819

Other loans

14,398

15,681

Hire purchase contracts

16,203

16,203

Trade creditors

158,951

227,913

Tax

23,967

-

Social security and other taxes

5,324

5,222

VAT

41,519

39,255

Other creditors

143,259

118,823

Directors' current accounts

536,889

593,585

Accrued expenses

24,384

24,540

992,596

1,064,041

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loan

178,182

210,768

Hire purchase contracts

9,552

23,568

187,734

234,336

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

178,182

210,768

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

205,884

233,587

The company's bank debts are secured with legal charges over:

Hambleton Service Station, Shard Lane, Hambleton, Poulton-le-Fylde,

Land to the South Side of Flip Road, Haslingden and Shard Bank Farm, Shard Lane, Hambleton,Poulton-le-Fylde.

There is an all assets debenture from the company covering all monies due or becoming due to the bank.

Other loans are secured with a legal charge over Gornalls Garage, Broadpool Lane, Hambleton, Poulton-le-Fylde and Hambleton Service Station and adjoining land at Shard Lane, Hambleton.

12.

RESERVES

Fair

Revaluation

value

reserve

reserve

Totals

£

£

£

At 1 April 2024

and 31 March 2025

1,394,513

571,571

1,966,084

These reserves are non distributable.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is J Entwistle.