| Delvedale Ltd |
| Registered number: |
09655575 |
| Balance Sheet |
| as at 31 May 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
70,243 |
|
|
68,064 |
|
| Current assets |
| Debtors |
4 |
|
136,875 |
|
|
135,850 |
| Cash at bank and in hand |
|
|
2,645 |
|
|
2,352 |
|
|
|
139,520 |
|
|
138,202 |
|
| Creditors: amounts falling due within one year |
5 |
|
(62,584) |
|
|
(68,593) |
|
| Net current assets |
|
|
|
76,936 |
|
|
69,609 |
|
| Total assets less current liabilities |
|
|
|
147,179 |
|
|
137,673 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(108,661) |
|
|
(114,836) |
|
|
|
| Net assets |
|
|
|
38,518 |
|
|
22,837 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
38,517 |
|
|
22,836 |
|
| Shareholders' funds |
|
|
|
38,518 |
|
|
22,837 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| B Binet |
| Director |
| Approved by the board on 31 May 2026 |
|
| Delvedale Ltd |
| Notes to the Accounts |
| for the year ended 31 May 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% on reducing balance basis |
|
|
Investment property |
|
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss. |
|
|
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 as the amount of tax payable using 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 timing differences. |
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 June 2024 |
67,895 |
|
1,483 |
|
69,378 |
|
Additions |
- |
|
2,962 |
|
2,962 |
|
At 31 May 2025 |
67,895 |
|
4,445 |
|
72,340 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2024 |
- |
|
1,314 |
|
1,314 |
|
Charge for the year |
- |
|
783 |
|
783 |
|
At 31 May 2025 |
- |
|
2,097 |
|
2,097 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2025 |
67,895 |
|
2,348 |
|
70,243 |
|
At 31 May 2024 |
67,895 |
|
169 |
|
68,064 |
|
|
The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year by the director. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
136,875 |
|
135,850 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
9,444 |
|
5,099 |
|
Other creditors |
53,140 |
|
63,494 |
|
|
|
|
|
|
62,584 |
|
68,593 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
108,661 |
|
114,836 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
108,661 |
|
114,836 |
|
|
|
|
|
|
|
|
|
|
The bank loans amounting to £75,560 (2024: £75,560) are secured by way of a legal charge over the investment properties of the company. |
|
|
| 8 |
Other information |
|
|
Delvedale Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit A |
|
603 London Road |
|
Westcliff-On-Sea |
|
SS0 9PE |
|
|
| 9 |
Related party disclosure |
|
Included with other debtors are amounts of £50,520 (2024: £53,020) due from Mordelli Holdings Ltd and £71,180 (2024: £71,180) due from Rebben Holdings Ltd, being companies in which B Binet has a material interest. |
|
Included within other creditors is an amount of £29,248 (2024: £41,746 ) due to B Binet, being the director of the company. |