Registration number: 10301769

Danecroft Developments Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Danecroft Developments Ltd

Company Information

Directors

AG Nicholls P Nicholls M Nicholls T Tobin

Company secretary

Manningtons

Registered office

8 High Street Heathfield East Sussex United Kingdom TN21 8LS

Danecroft Developments Ltd

(Registration number: 10301769)
Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	217,837	242,594
Current assets
Stocks	5	832,463	798,163
Debtors	6	83,895	8,933
Cash at bank and in hand		240,515	706,028
		1,156,873	1,513,124
Creditors: Amounts falling due within one year	7	(538,540)	(1,372,446)
Net current assets		618,333	140,678
Total assets less current liabilities		836,170	383,272
Creditors: Amounts falling due after more than one year	7	(546,632)	(2,121)
Net assets		289,538	381,151
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		288,538	380,151
Shareholders' funds		289,538	381,151

For the financial year ending 31 May 2026 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 20 October 2026 and signed on its behalf by:
 

......................................... AG Nicholls Director

Danecroft Developments Ltd

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

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:
8 High Street
Heathfield
East Sussex
TN21 8LS
United Kingdom

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

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 turnover 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.

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.

Danecroft Developments Ltd

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

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:

Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Plant and machinery	10% reducing balance
Office equipment	33% straight line
Motor vehicles	25% reducing balance

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 at the transaction price, 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.

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 stocks 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 at the transaction price.

Danecroft Developments Ltd

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 4).

Danecroft Developments Ltd

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 June 2025	2,041	29,990	468,802	500,833
At 31 May 2026	2,041	29,990	468,802	500,833
Depreciation
At 1 June 2025	1,072	26,141	231,026	258,239
Charge for the year	644	963	23,150	24,757
At 31 May 2026	1,716	27,104	254,176	282,996
Carrying amount
At 31 May 2026	325	2,886	214,626	217,837
At 31 May 2025	969	3,849	237,776	242,594

5

Stocks

	2026 £	2025 £
Work in progress	832,463	798,163

6

Debtors

	2026 £	2025 £
Trade debtors	78,893	-
Taxation and social security	5,002	5,433
Other debtors	-	3,500
	83,895	8,933

Danecroft Developments Ltd

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Bank loans and overdrafts	8	863	9,166
Trade creditors		14,890	15,937
Taxation and social security		1,662	640
Accruals and deferred income		1,500	989,000
Other creditors		6	-
Director loan account		519,619	357,703
		538,540	1,372,446

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	546,632	2,121

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	546,632	2,121

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	863	9,166

Danecroft Developments Ltd

Notes to the Unaudited Financial Statements for the year ended 31 May 2026

Bank borrowings

National Westminster Bank Plc is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 30 June 2026. The carrying amount at year end is £863 (2025 - £11,288).

Hampshire Trust is denominated in £ with a nominal interest rate of 9.50%, and the final instalment is due on . The carrying amount at year end is £546,632 (2025 - £Nil).