Dare Utilities Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08847411

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,009		1,345

			1,009		1,345
CURRENT ASSETS
Stocks	5	82,023		98,666
Debtors	6	916,098		740,515
Cash at bank and in hand		22,938		29,546

		1,021,059		868,727
Creditors: Amounts Falling Due Within One Year	7	(618,552 )		(460,634 )

NET CURRENT ASSETS (LIABILITIES)			402,507		408,093

TOTAL ASSETS LESS CURRENT LIABILITIES			403,516		409,438

NET ASSETS			403,516		409,438

CAPITAL AND RESERVES
Called up share capital	8		113		108
Profit and Loss Account			403,403		409,330

SHAREHOLDERS' FUNDS			403,516		409,438

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Dare Utilities Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Philip Dare

Director

28/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Dare Utilities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08847411 . The registered office is Mead Yard, Dawlish Business Park, Dawlish, Devon, EX7 0NH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% Reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

The company has only basic financial instruments. Debtors and creditors, including loans to and from group undertakings, are measured at the transaction price less any impairment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2025: 35)

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Dare Utilities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2025	3,009

As at 31 March 2026	3,009

Depreciation
As at 1 April 2025	1,664
Provided during the period	336

As at 31 March 2026	2,000

Net Book Value
As at 31 March 2026	1,009

As at 1 April 2025	1,345

5. Stocks

	2026	2025
	£	£
Stocks	82,023	98,666

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	760,883	569,714
Other debtors	155,215	170,801

	916,098	740,515

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	354,962	267,436
Amounts owed to group undertakings	240,610	178,959
Other creditors	5,369	5,114
Taxation and social security	17,611	9,125

	618,552	460,634

8. Share Capital

	2026	2025
	£	£
Called Up Share Capital not Paid	13	8
Called Up Share Capital has been paid up	100	100

Amount of Allotted, Called Up Share Capital	113	108

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Dare Utilities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Related Party Transactions

The company’s parent undertaking is Dare Holdings and Investments Ltd, which holds all of the company’s Ordinary shares, representing 88.5% of its issued share capital.

During the year, the company was recharged rent and utility costs of £23,568 (2025: £23,312) by Dare Holdings and Investments Ltd.

At 31 March 2026, the company owed £50,000 (2025: £50,000) to Dare Holdings and Investments Ltd and £190,610 (2025: £128,959) to Dare Utility Services Limited, a fellow subsidiary. The loans are unsecured, interest free and repayable on demand.

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