Registration number:
Derwydd Mansion Events Ltd
trading as
for the
Year Ended 28 February 2026
Derwydd Mansion Events Ltd
trading as The Gelateria
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Derwydd Mansion Events Ltd
trading as The Gelateria
Company Information
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Directors |
Mr R Dallavalle Mrs M Dallavalle |
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Company secretary |
Mrs M Dallavalle |
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Registered office |
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Accountants |
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Derwydd Mansion Events Ltd
trading as The Gelateria
(Registration number: 10012240)
Balance Sheet as at 28 February 2026
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Note |
28 February |
28 February |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
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( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
(81,229) |
(68,832) |
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Shareholders' deficit |
(81,129) |
(68,732) |
For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Derwydd Mansion Events Ltd
trading as The Gelateria
(Registration number: 10012240)
Balance Sheet as at 28 February 2026
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Derwydd Mansion Events Ltd
trading as The Gelateria
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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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.
Derwydd Mansion Events Ltd
trading as The Gelateria
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2026
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
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:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
Straight Line - 10% |
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Fixtures and fittings |
Straight Line - 15% |
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.
Derwydd Mansion Events Ltd
trading as The Gelateria
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2026
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
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.
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
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.
Derwydd Mansion Events Ltd
trading as The Gelateria
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2026
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Derwydd Mansion Events Ltd
trading as The Gelateria
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2026
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Tangible assets |
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Land and buildings |
Furniture, fittings and equipment |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 March 2025 |
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Additions |
- |
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At 28 February 2026 |
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Depreciation |
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At 1 March 2025 |
- |
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Charge for the year |
- |
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At 28 February 2026 |
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Carrying amount |
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At 28 February 2026 |
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At 28 February 2025 |
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Included within the net book value of land and buildings above is £466,673 (2025 - £466,673) in respect of freehold land and buildings.
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Stocks |
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28 February |
28 February |
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Other inventories |
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Derwydd Mansion Events Ltd
trading as The Gelateria
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2026
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Debtors |
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Current |
28 February |
28 February |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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Note |
28 February |
28 February |
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Due within one year |
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Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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28 February |
28 February |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Derwydd Mansion Events Ltd
trading as The Gelateria
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2026
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Loans and borrowings |
Current loans and borrowings
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28 February |
28 February |
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Other borrowings |
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Other borrowings
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Cornerstone Capital Finance Limited hold a legal charge over the freehold property dated 5th December 2023.
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