Silverfin false true 30/06/2023 01/07/2022 30/06/2023 C A Dean 14/01/2020 M C Dean 14/01/2020 R J Dean 14/01/2020 S W Dean 14/01/2020 C E Hutchison 14/01/2020 J S Hutchison 14/01/2020 28 February 2024 no description of principal activity 12401447 2023-06-30 12401447 bus:Director1 2023-06-30 12401447 bus:Director2 2023-06-30 12401447 bus:Director3 2023-06-30 12401447 bus:Director4 2023-06-30 12401447 bus:Director5 2023-06-30 12401447 bus:Director6 2023-06-30 12401447 2022-06-30 12401447 core:CurrentFinancialInstruments 2023-06-30 12401447 core:CurrentFinancialInstruments 2022-06-30 12401447 core:ShareCapital 2023-06-30 12401447 core:ShareCapital 2022-06-30 12401447 core:SharePremium 2023-06-30 12401447 core:SharePremium 2022-06-30 12401447 core:CostValuation 2022-06-30 12401447 core:CostValuation 2023-06-30 12401447 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-06-30 12401447 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-06-30 12401447 2022-07-01 2023-06-30 12401447 bus:FilletedAccounts 2022-07-01 2023-06-30 12401447 bus:SmallEntities 2022-07-01 2023-06-30 12401447 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12401447 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12401447 bus:Director1 2022-07-01 2023-06-30 12401447 bus:Director2 2022-07-01 2023-06-30 12401447 bus:Director3 2022-07-01 2023-06-30 12401447 bus:Director4 2022-07-01 2023-06-30 12401447 bus:Director5 2022-07-01 2023-06-30 12401447 bus:Director6 2022-07-01 2023-06-30 12401447 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure

Company No: 12401447 (England and Wales)

DEAN GROUP HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

DEAN GROUP HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

DEAN GROUP HOLDINGS LIMITED

BALANCE SHEET

As at 30 June 2023
DEAN GROUP HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 2,700,000 2,700,000
2,700,000 2,700,000
Creditors: amounts falling due within one year 4 ( 1,920,000) ( 1,920,000)
Net current liabilities (1,920,000) (1,920,000)
Total assets less current liabilities 780,000 780,000
Net assets 780,000 780,000
Capital and reserves
Called-up share capital 2,138 2,138
Share premium account 777,862 777,862
Total shareholders' funds 780,000 780,000

Dean Group Holdings Limited (registered number: 12401447) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Dean Group Holdings Limited (registered number: 12401447) were approved and authorised for issue by the Board of Directors on 28 February 2024. They were signed on its behalf by:

C E Hutchison
Director
DEAN GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
DEAN GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

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.

General information and basis of accounting

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 £.

Going concern

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.

Group accounts exemption

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2. Employees

2023 2022
Number Number
The Company has no employees other than the directors, who did not receive any remuneration. 0 0

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 July 2022 2,700,000
At 30 June 2023 2,700,000
Carrying value at 30 June 2023 2,700,000
Carrying value at 30 June 2022 2,700,000

On 17 February 2020, the company acquired 100% of the share capital of Dean Group International Limited for total consideration of £2,700,000.

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to own subsidiaries 1,720,000 1,500,000
Other creditors 200,000 420,000
1,920,000 1,920,000