Denehaven Limited - Period Ending 2021-05-31

Denehaven Limited - Period Ending 2021-05-31


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Registration number: 06230227

Denehaven Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2021

 

Denehaven Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Denehaven Limited

(Registration number: 06230227)
Balance Sheet as at 31 May 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Debtors

5

12,237

11,349

Cash at bank and in hand

 

2

2

 

12,239

11,351

Creditors: Amounts falling due within one year

6

(1,722)

(1,544)

Net current assets

 

10,517

9,807

Net assets

 

10,518

9,808

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

10,516

9,806

Shareholders' funds

 

10,518

9,808

For the financial year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 24 February 2022
 

.........................................
Mr N Beard
Director

 

Denehaven Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2021

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:
3 Low Road West
Warmsworth
Doncaster
South Yorkshire
DN4 9JZ

These financial statements were authorised for issue by the director on 24 February 2022.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

 

Denehaven Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2021

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 not provided on the freehold reversionary interest.

Asset class

Depreciation method and rate

Freehold reversionary interest

No depreciation provided

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.

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 the director) during the year, was 1 (2020 - 1).

 

Denehaven Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2021

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 June 2020

1

1

At 31 May 2021

1

1

Depreciation

Carrying amount

At 31 May 2021

1

1

At 31 May 2020

1

1

Included within the net book value of land and buildings above is £1 (2020 - £1) in respect of freehold land and buildings.
 

5

Debtors

2021
£

2020
£

Other debtors

12,237

11,349

12,237

11,349

6

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Trade creditors

 

472

484

Amounts owed to related parties

167

167

Income tax liability

 

513

347

Accrued expenses

 

570

546

 

1,722

1,544

7

Parent and ultimate parent undertaking

The company's immediate parent is Sintra Developments Limited, incorporated in England and Wales.