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Company Registration No. 00169253 (England and Wales)
DALEHALL MILLS, LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018
PAGES FOR FILING WITH REGISTRAR
DALEHALL MILLS, LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DALEHALL MILLS, LIMITED
BALANCE SHEET
AS AT
30 JUNE 2018
30 June 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
3
287,446
287,446
Current assets
Debtors
4
10,000
10,001
Cash at bank and in hand
48,833
51,528
58,833
61,529
Creditors: amounts falling due within one year
5
(1,430)
(1,321)
Net current assets
57,403
60,208
Total assets less current liabilities
344,849
347,654
Capital and reserves
Called up share capital
6
103,316
103,316
Share premium account
7,332
7,332
Capital redemption reserve
18,250
18,250
Profit and loss reserves
215,951
218,756
Total equity
344,849
347,654

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 14 January 2019 and are signed on its behalf by:
Mr A J  Forrester
Mr  P Walker
Director
Director
Company Registration No. 00169253
DALEHALL MILLS, LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018
- 2 -
1
Accounting policies
Company information

Dalehall Mills, Limited is a private company limited by shares incorporated in England and Wales. The registered office is 56 Draycott Road, Tean, Stoke-on-Trent, Staffordshire, ST10 4JF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land
Land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

DALEHALL MILLS, LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2018
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

 

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2017 - 4).

3
Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2017 and 30 June 2018
519,707
Depreciation and impairment
At 1 July 2017 and 30 June 2018
232,261
Carrying amount
At 30 June 2018
287,446
At 30 June 2017
287,446
4
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
-
1
Other debtors
10,000
10,000
10,000
10,001
DALEHALL MILLS, LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2018
- 4 -
5
Creditors: amounts falling due within one year
2018
2017
£
£
Other creditors
1,430
1,321
6
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
103,316 Ordinary shares of £1 each
103,316
103,316
103,316
103,316
2018-06-302017-07-01falseCCH SoftwareCCH Accounts Production 2018.220No description of principal activity14 January 2019Mr A J  ForresterMr C S WeatherbyMr P WalkerMr A H K Leigh001692532017-07-012018-06-30001692532018-06-30001692532017-06-3000169253core:LandBuildings2018-06-3000169253core:LandBuildings2017-06-3000169253core:CurrentFinancialInstruments2018-06-3000169253core:CurrentFinancialInstruments2017-06-3000169253core:ShareCapital2018-06-3000169253core:ShareCapital2017-06-3000169253core:SharePremium2018-06-3000169253core:SharePremium2017-06-3000169253core:CapitalRedemptionReserve2018-06-3000169253core:CapitalRedemptionReserve2017-06-3000169253core:RetainedEarningsAccumulatedLosses2018-06-3000169253core:RetainedEarningsAccumulatedLosses2017-06-3000169253core:ShareCapitalOrdinaryShares2018-06-3000169253core:ShareCapitalOrdinaryShares2017-06-3000169253bus:Director12017-07-012018-06-3000169253bus:Director22017-07-012018-06-3000169253core:LandBuildingscore:OwnedOrFreeholdAssets2017-07-012018-06-3000169253core:LandBuildings2017-06-3000169253bus:OrdinaryShareClass12017-07-012018-06-3000169253bus:OrdinaryShareClass12018-06-3000169253bus:PrivateLimitedCompanyLtd2017-07-012018-06-3000169253bus:FRS1022017-07-012018-06-3000169253bus:AuditExemptWithAccountantsReport2017-07-012018-06-3000169253bus:SmallCompaniesRegimeForAccounts2017-07-012018-06-3000169253bus:Director32017-07-012018-06-3000169253bus:CompanySecretary12017-07-012018-06-3000169253bus:FullAccounts2017-07-012018-06-30xbrli:purexbrli:sharesiso4217:GBP