Danegrove Developments Ltd - Accounts to registrar (filleted) - small 18.2

Danegrove Developments Ltd - Accounts to registrar (filleted) - small 18.2

DANEGROVE DEVELOPMENTS LTD - Company Information

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REGISTERED NUMBER: 06704566 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

DANEGROVE DEVELOPMENTS LTD
DANEGROVE DEVELOPMENTS LTD (REGISTERED NUMBER: 06704566)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DANEGROVE DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: B O'Connell
D A O'Connell





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 06704566 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA
Page 1
DANEGROVE DEVELOPMENTS LTD (REGISTERED NUMBER: 06704566)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,545 40,809

CURRENT ASSETS
Debtors 5 1,104 950
Cash at bank 127,159 153,230
128,263 154,180
CREDITORS
Amounts falling due within one year 6 30,679 33,126
NET CURRENT ASSETS 97,584 121,054
TOTAL ASSETS LESS CURRENT LIABILITIES 128,129 161,863

PROVISIONS FOR LIABILITIES 361 361
NET ASSETS 127,768 161,502

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 127,668 161,402
SHAREHOLDERS' FUNDS 127,768 161,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
DANEGROVE DEVELOPMENTS LTD (REGISTERED NUMBER: 06704566)

BALANCE SHEET - continued
31ST MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th July 2023 and were signed on its behalf by:




B O'Connell - Director



D A O'Connell - Director


The notes form part of these financial statements

Page 3
DANEGROVE DEVELOPMENTS LTD (REGISTERED NUMBER: 06704566)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Danegrove Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

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DANEGROVE DEVELOPMENTS LTD (REGISTERED NUMBER: 06704566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 55,502 2,496 57,998
DEPRECIATION
At 1st April 2022 15,204 1,985 17,189
Charge for year 10,075 189 10,264
At 31st March 2023 25,279 2,174 27,453
NET BOOK VALUE
At 31st March 2023 30,223 322 30,545
At 31st March 2022 40,298 511 40,809

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,104 950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 30,679 33,126

7. RELATED PARTY DISCLOSURES

Recorded in other creditors is an amount relating to the directors loan account of £22,179 (2022: £24,628). This loan is interest fee and has no repayment terms.

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