ACCOUNTS - Final Accounts preparation

DENFORD PARK SERVICES LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-302021-10-01falseNo description of principal activity1212falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12194553 2021-10-01 2022-09-30 12194553 2020-10-01 2021-09-30 12194553 2022-09-30 12194553 2021-09-30 12194553 c:Director1 2021-10-01 2022-09-30 12194553 d:MotorVehicles 2021-10-01 2022-09-30 12194553 d:MotorVehicles 2022-09-30 12194553 d:MotorVehicles 2021-09-30 12194553 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 12194553 d:OtherPropertyPlantEquipment 2021-10-01 2022-09-30 12194553 d:OtherPropertyPlantEquipment 2022-09-30 12194553 d:OtherPropertyPlantEquipment 2021-09-30 12194553 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 12194553 d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 12194553 d:CurrentFinancialInstruments 2022-09-30 12194553 d:CurrentFinancialInstruments 2021-09-30 12194553 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12194553 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 12194553 d:RetainedEarningsAccumulatedLosses 2022-09-30 12194553 d:RetainedEarningsAccumulatedLosses 2021-09-30 12194553 c:FRS102 2021-10-01 2022-09-30 12194553 c:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 12194553 c:FullAccounts 2021-10-01 2022-09-30 12194553 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure

Registered number: 12194553

DENFORD PARK SERVICES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2022

DENFORD PARK SERVICES LIMITED

REGISTERED NUMBER: 12194553

BALANCE SHEET

AS AT 30 SEPTEMBER 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		78,038		154,290
			78,038		154,290
Current assets
Debtors: amounts falling due within one year	5	16,267		10,067
Cash at bank and in hand	6	31,416		12,533
		47,683		22,600
Creditors: amounts falling due within one year	7	(1,889,461)		(1,251,841)
Net current liabilities			(1,841,778)		(1,229,241)
Total assets less current liabilities			(1,763,740)		(1,074,951)

Net liabilities			(1,763,740)		(1,074,951)

Capital and reserves
Profit and loss account	(1,763,740)	(1,074,951)
	(1,763,740)	(1,074,951)

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DENFORD PARK SERVICES LIMITED

REGISTERED NUMBER: 12194553

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Nicholas Ryder

Director

Date: 27 July 2023

The notes on pages 3 to 6 form part of these financial statements.

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DENFORD PARK SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.	General information

Denford Park Services Limited is a private company limited by share capital and incorporated in England and Wales.

The registered office and principal place of business is Denford Park, Hungerford, Berkshire, RG17 0PG.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

Denford Park Services Limited has reported a loss for the year of £688,789 (2021: £595,335). At the balance sheet date, the company had net liabilities of £1,763,740 (2021: £1,074,951). The company administers the maintenance of a private household, paying contracts and payroll as required. It is a non-trading company for tax purposes and is fully funded to meet liabilities as they fall due. Based on this the accounts have been prepared on a going concern basis.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Motor vehicles	-	33%	straight line
				Property improvements	-	10%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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DENFORD PARK SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 12 (2021 - 12).

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DENFORD PARK SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

4.	Tangible fixed assets

	Motor vehicles	Property improvements	Total
	£	£	£
Cost or valuation
At 1 October 2021	202,105	88,897	291,002
At 30 September 2022	202,105	88,897	291,002
Depreciation
At 1 October 2021	129,116	7,596	136,712
Charge for the year on owned assets	67,362	8,890	76,252
At 30 September 2022	196,478	16,486	212,964
Net book value
At 30 September 2022	5,627	72,411	78,038
At 30 September 2021	72,989	81,301	154,290

Debtors

					2022	2021
					£	£


Prepayments and accrued income	16,267	10,067
	16,267	10,067

6.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	31,416	12,533
	31,416	12,533

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DENFORD PARK SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	1,151	1,567
Other taxation and social security	8,030	9,345
Other creditors	1,880,280	1,240,929
	1,889,461	1,251,841

Other creditors are non-interest bearing, repayable on demand and owed to the ultimate controlling party.

8.	Pension commitments

The Company operates a defined contribution pension scheme. The assets are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amount to £17,866 (2021: £8,220). Included in creditors is a balance owed in relation to pension payments of £1,151 (2021: £1,567).

9.	Controlling party

The ultimate controlling party is HRH Prince Faisal Bin Salman Al Saud.
There is no group for which group accounts are prepared.

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