Company No:
Contents
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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2,700,000 | 2,700,000 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (1,920,000) | (1,920,000) | ||
Total assets less current liabilities | 780,000 | 780,000 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Share premium account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Dean Group Holdings Limited (registered number:
C E Hutchison
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Dean Group Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Dean Group International Ltd Brinell Drive, Northbank Industrial Estate, Irlam, M44 5BL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The company has net current liabilities of £1,920,000 (30 June 2022: £1,920,000) and net assets of £780,000 (30 June 2022: £780,000) at 30 June 2023. The company's underlying subsidiary has warranted that it will not recall the loan due to it by Dean Group Holdings Limited within 12 months of the date of approval of these financial statements. In addition, the company's underlying subsidiary will support the company in settling its short-term creditors as they become due for payment.
On the basis of the support available in meeting its liabilities, the directors consider it is appropriate to prepare the financial statements on a going concern basis.
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
Investments in subsidiaries are measured at cost less accumulated impairment.
2023 | 2022 | ||
Number | Number | ||
The Company has no employees other than the directors, who did not receive any remuneration. |
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Investments in subsidiaries
2023 | |
£ | |
Cost | |
At 01 July 2022 |
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At 30 June 2023 |
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Carrying value at 30 June 2023 |
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Carrying value at 30 June 2022 |
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On 17 February 2020, the company acquired 100% of the share capital of Dean Group International Limited for total consideration of £2,700,000.
2023 | 2022 | ||
£ | £ | ||
Amounts owed to own subsidiaries |
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Other creditors |
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