Donald C Larder Limited 24/12/2022 iXBRL
Donald C Larder Limited 24/12/2022 iXBRL
Company registration number:
01344374
Trading as
Donald C Larder Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Business address |
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Accountant |
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95 Boston Road | ||
Sleaford | ||
Lincolnshire | ||
NG34 7HP | ||
Statement of financial position
24 December 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
18 March 2023
, and are signed on behalf of the board by:
Director
Company registration number:
01344374
Statement of changes in equity
Year ended 24 December 2022
Called up share capital | Revaluation reserve | Profit and loss account | Total | ||||
£ | £ | £ | £ | ||||
At 25 December 2020 |
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Profit for the year |
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Other comprehensive income for the year: | |||||||
Revaluation of tangible assets |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - | - |
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At 24 December 2021 and 25 December 2021 |
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Profit for the year |
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Total comprehensive income for the year | - | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - | - |
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At 24 December 2022 |
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Notes to the financial statements
Year ended 24 December 2022
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Donald C Larder Limited, The Flat, 21 Southgate, Sleaford, NG34 7SU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Income statement policy
Turnover
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted at the reporting date.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Financial instruments
The company only holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets-trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classifies as a basic financial instrument and is measured at amortised cost. Financial liabilities-trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments' disclosure definition.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2021:
1
).
5.
Tangible assets
Freehold and leasehold properties | ||
£ | ||
Cost | ||
At 25 December 2021 and 24 December 2022 |
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Carrying amount | ||
At 24 December 2022 |
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At 24 December 2021 |
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Investment property
The investment property at the Market Place, Sleaford was revalued by the director
Jennifer Sherlock
on 24th December 2021 and deemed to be unchanged at 24th December 2022. The value of the investment property at 33-35 Boston Road, Sleaford was also deemed by the director to be unchanged at £120,000.
6.
Debtors
2022 | 2021 | |||
£ | £ | |||
Other debtors |
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7.
Creditors: amounts falling due within one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
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Corporation tax |
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Other creditors |
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8.
Creditors: amounts falling due after more than one year
2022 | 2021 | |||
£ | £ | |||
Other creditors |
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The loan is secured against 33-35 Boston Road, Sleaford, Lincolnshire, NG34 7ER.
£50,000 redeemable preference shares
9.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | |||
2022 | 2021 | ||
£ | £ | ||
Jennifer Sherlock | 5,961 | 6,210 | |
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A business owned solely by the director
Jennifer Sherlock
supplied property management and administration services to Donald C Larder Limited
. The services were supplied on a commercial basis.
10.
Controlling party
During the year ended 24th December 2022, the director
Jennifer Sherlock
together with members of the close family controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.