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Registered Number: 12797074
England and Wales

 

 

 

DG MAIDENHEAD HOLDINGS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of DG Maidenhead Holdings Limited for the year ended 31 March 2023.
   In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DG Maidenhead Holdings Limited for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.    

This report is made solely to the Board of Directors of DG Maidenhead Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 14 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of DG Maidenhead Holdings Limited and state those matters that we have agreed to state to the Board of Directors of DG Maidenhead Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DG Maidenhead Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that DG Maidenhead Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DG Maidenhead Holdings Limited.


You consider that DG Maidenhead Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of DG Maidenhead Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 March 2023



....................................................
aa Chartered Accountants
Fenlake House,
Fenlake Business Centre,
Fengate, Peterborough,
Cambridgeshire
PE1 5BQ
14 November 2023
1
 
 
Notes
 
2023
£
  2022
£
Current assets      
Stocks 5,584,894    3,266,356 
Debtors 57,446    64,299 
Cash at bank and in hand 55,466    193,537 
5,697,806    3,524,192 
Creditors: amount falling due within one year (59,571)   (215,279)
Net current assets 5,638,235    3,308,913 
 
Total assets less current liabilities 5,638,235    3,308,913 
Creditors: amount falling due after more than one year (6,449,870)   (3,686,355)
Net liabilities (811,635)   (377,442)
 

Capital and reserves
     
Called up share capital 3 4    4 
Profit and loss account (811,639)   (377,446)
Shareholder's funds (811,635)   (377,442)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 14 November 2023 and were signed on its behalf by:


-------------------------------
Jesus Yohany Munoz Orozco
Director
2
General Information
DG Maidenhead Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12797074, registration address Unit 216 C/O Assets For Life, Waterhouse Business Centre, Chelmsford, Essex, CM1 2QE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Capitalisation of borrowing costs
During the year the company have capitalised the following borrowing costs:

Particulars   Current
£
F4 Property Ltd
Ingenious Group 43,813 

2.

Average number of employees including directors

Average number of employees during the year was 3 (2022 : 3).
3.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
1 Class B share of £1.00 each  
1 Class C share of £1.00 each  
 

4.

Director’s loan

Advance made by Directors to the Company

Description   Amount
£
Opening balance as at 1 April 2022 (3)
Money Advanced to the company during the year
Closing balance as at 31 March 2023 (3)

5.

Future Commitments

The Company is committed to a exit fee of £245,00 on repayment of the Ingenious Loan - this amount is excluded from the accounts. 
6.

Related Party Transactions

Particulars   2023
£
  2022
£
PKAFL Prop Limited 458,558  433,258 
F4 Properties Ltd 1,271,353  1,113,494 
LJBR Holding Ltd (1)
F Munoz Prop Ltd (1)

All related parties share common directors or shareholders.
7.

Creditors due after more than one year

The loan from Ingenious Real Estate Finance 2 LLP included in creditors more than one year, has an amount of £4,699,084 (2022: £2,139,603) which is due after more than one year.
3