Company No: 07947554 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	A M Fitzgerald
	S A Fitzgerald

Registered office	22 Greenacres
	Birdham
	Chichester
	West Sussex
	PO20 7HL
	United Kingdom

Company number

07947554 (England and Wales)

Chartered accountants	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	RH12 2RG
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	3,594		4,466
		3,594		4,466
Current assets
Debtors	4	23,287		32,381
Cash at bank and in hand		24,738		7,420
		48,025		39,801
Creditors: amounts falling due within one year	5	( 47,956)		( 45,938)
Net current assets/(liabilities)		69		(6,137)
Total assets less current liabilities		3,663		(1,671)
Provision for liabilities	6	( 684)		( 1,117)
Net assets/(liabilities)		2,979		( 2,788)
Capital and reserves
Called-up share capital		1		1
Profit and loss account		2,978		( 2,789 )
Total shareholder's funds/(deficit)		2,979		( 2,788)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has 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 H C Darley and Son Limited (registered number: 07947554) were approved and authorised for issue by the Board of Directors on 29 October 2025. They were signed on its behalf by:

A M Fitzgerald 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

H C Darley and Son 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 22 Greenacres, Birdham, Chichester, West Sussex, PO20 7HL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £1.

Going concern

The financial statements have been prepared on a going concern basis as the directors are of the opinion that the business has sufficient working capital to meet its foreseeable requirements over the next 12 months. If the going concern basis were not appropriate, adjustments would have to be made to reduce assets to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed as current assets.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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 fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured 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 rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares 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 payments 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.

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

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 April 2024	15,308		15,308
Additions	250		250
At 31 March 2025	15,558		15,558
Accumulated depreciation
At 01 April 2024	10,842		10,842
Charge for the financial year	1,122		1,122
At 31 March 2025	11,964		11,964
Net book value
At 31 March 2025	3,594		3,594
At 31 March 2024	4,466		4,466

4. Debtors

	2025		2024
	£		£
Amounts owed by Parent undertakings	7,598		17,598
Prepayments	15,689		14,783
	23,287		32,381

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to directors	2,689		3,717
Accruals and deferred income	41,803		38,863
Corporation tax	3,464		3,358
	47,956		45,938

6. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 1,117)		( 967)
Credited/(charged) to the Statement of Income and Retained Earnings	433		( 150)
At the end of financial year	( 684)		( 1,117)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 684)		( 1,117)

7. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Flood Tide Limited (Parent company)	7,598		17,598

During the year the company continued to provide a loan to Flood Tide Limited. The loan is interest free and repayable on demand.

Transactions with the entity's directors

	2025		2024
	£		£
Directors	(2,689)		(3,717)

During the year the directors continued to provide a loan to the company. The loan is interest free and repayable on demand.

8. Ultimate controlling party

Parent Company:

Flood Tide Limited

Springfield House, Springfield Road, Horsham, United Kingdom, RH12 2RG

The company is controlled by Flood Tide Limited, the Parent company, who own 100% of the called up share capital. The ultimate controlling party are the directors who hold 100% of the share capital in the Parent company.