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REGISTERED NUMBER: 07595286 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

D Armes Holdings Limited

D Armes Holdings Limited (Registered number: 07595286)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


D Armes Holdings Limited (Registered number: 07595286)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £ £
Fixed assets
Tangible assets 5 307,697 307,896
Investments 6 100 100
307,797 307,996

Current assets
Cash at bank 11,095 18,712

Creditors
Amounts falling due within one year 7 (84,686 ) (137,240 )
Net current liabilities (73,591 ) (118,528 )
Total assets less current liabilities 234,206 189,468

Creditors
Amounts falling due after more than one
year

8

-

(68,378

)

Provisions for liabilities (1,578 ) (1,628 )
Net assets 232,628 119,462

Capital and reserves
Called up share capital 100 100
Retained earnings 232,528 119,362
232,628 119,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

D Armes Holdings Limited (Registered number: 07595286)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2023 and were signed by:





Mr D Armes - Director


D Armes Holdings Limited (Registered number: 07595286)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. Statutory information

D Armes Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07595286

Registered office: 22-26 King Street
King's Lynn
Norfolk
PE30 1HJ

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic loves and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancements, future investments, economic utilisation and the physical condition of the assets. See note 6 for the carrying amount of tangible assets and note 3 for the useful economic lives for each class of assets.

(ii) Taxation
The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. The amount of such provisions is based on various factors, such as experience with previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

D Armes Holdings Limited (Registered number: 07595286)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


3. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% p.a. reducing balance
Computer equipment - 20% p.a. reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


D Armes Holdings Limited (Registered number: 07595286)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

4. Employees and directors

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

D Armes Holdings Limited (Registered number: 07595286)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. Tangible fixed assets
Fixtures
Freehold and Computer
property fittings equipment Totals
£ £ £ £
Cost
At 1 July 2022 306,258 936 1,103 308,297
Additions - - 150 150
At 30 June 2023 306,258 936 1,253 308,447
Depreciation
At 1 July 2022 - 309 92 401
Charge for year - 125 224 349
At 30 June 2023 - 434 316 750
Net book value
At 30 June 2023 306,258 502 937 307,697
At 30 June 2022 306,258 627 1,011 307,896

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 July 2022
and 30 June 2023 100
Net book value
At 30 June 2023 100
At 30 June 2022 100

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

7. Creditors: amounts falling due within one year
30.6.23 30.6.22
£ £
Bank loans and overdrafts - 4,788
Amounts owed to group undertakings - 64,229
Taxation and social security - 3,432
Other creditors 84,686 64,791
84,686 137,240

D Armes Holdings Limited (Registered number: 07595286)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


8. Creditors: amounts falling due after more than one year
30.6.23 30.6.22
£ £
Bank loans - 68,378

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 52,116

The bank loan relates to the freehold property over which the legal mortgage is secured.

9. Related party disclosures

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

No further transactions were undertaken that require disclosure under FRS 102 Section 1A.