Registration number: 04777878

Dennyvale Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Dennyvale Limited

Company Information

Directors

Mr Martin Howard Bandel Mr Adam Benjamin Bowers

Registered office

42-46 Station Road Edgware Middlesex HA8 7AB

Accountants

Kajaine Kafton LLP Chartered Accountants42-46 Station Road Edgware Middlesex HA8 7AB

Dennyvale Limited

(Registration number: 04777878)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	6,563	7,828
Investment property	5	3,185,000	3,185,000
		3,191,563	3,192,828
Current assets
Debtors	6	75,004	108,972
Cash at bank and in hand		133,425	159,582
		208,429	268,554
Creditors: Amounts falling due within one year	7	(515,105)	(502,524)
Net current liabilities		(306,676)	(233,970)
Total assets less current liabilities		2,884,887	2,958,858
Creditors: Amounts falling due after more than one year	7	(1,326,301)	(1,353,932)
Net assets		1,558,586	1,604,926
Capital and reserves
Called up share capital		40,000	40,000
Retained earnings		1,518,586	1,564,926
Shareholders' funds		1,558,586	1,604,926

For the financial year ending 30 September 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 31 July 2026 and signed on its behalf by:
 

Dennyvale Limited

(Registration number: 04777878)
Balance Sheet as at 30 September 2025

......................................... Mr Martin Howard Bandel Director

......................................... Mr Adam Benjamin Bowers Director

Dennyvale Limited

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

1	General information

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

The address of its registered office is:
42-46 Station Road
Edgware
Middlesex
HA8 7AB
England

These financial statements were authorised for issue by the Board on 31 July 2026.

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.

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.

Tax

The tax expense for the period comprises current 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.

Dennyvale Limited

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

Tangible assets

Tangible assets are stated in the balance sheet 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:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Dennyvale Limited

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

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Dennyvale Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2024	26,660	26,660
Additions	2,748	2,748
At 30 September 2025	29,408	29,408
Depreciation
At 1 October 2024	18,832	18,832
Charge for the year	4,013	4,013
At 30 September 2025	22,845	22,845
Carrying amount
At 30 September 2025	6,563	6,563
At 30 September 2024	7,828	7,828

5	Investment properties

	2025 £
At 1 October	3,185,000
At 30 September	3,185,000

There has been no valuation of investment property by an independent valuer.

Impairment of investment property

The amount of impairment loss included in profit or loss is £Nil (2024 - £Nil). The amount of reversal of impairment recognised in profit or loss is £Nil (2024 - £Nil).

Dennyvale Limited

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

6

Debtors

Current	2025 £	2024 £
Trade debtors	34,443	31,862
Prepayments	5,587	1,422
Other debtors	34,974	75,688
	75,004	108,972

Dennyvale Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Current loans and borrowings	8	437,052	355,937
Trade creditors		1,660	39,399
Taxation and social security		3,543	-
Other creditors		47,510	47,267
Accrued expenses		25,340	52,882
Corporation tax payable		-	7,039
		515,105	502,524
Due after one year
Loans and borrowings	8	1,326,301	1,353,932

Creditors: amounts falling due after more than one year

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,326,301	1,353,932

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	22,105	22,105
Other borrowings	414,947	333,832
	437,052	355,937

Dennyvale Limited

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

9	Related party transactions

Transactions with directors

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	9,000	11,019

Summary of transactions with all entities with joint control or significant interest

Palm Assets Ltd

During the year, Dennyvale Limited received a further loan of £81,114.51 from Palm Assets Limited, a company with common directors. At the year end, £414,946.51 was outstanding (30 Sept 2024: £333,832.00). The balance is unsecured and repayable on demand..