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REGISTERED NUMBER: 11467215 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Dribben & Warwick Holdings Limited

Dribben & Warwick Holdings Limited (Registered number: 11467215)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dribben & Warwick Holdings Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M Warwick
A S Dribben





REGISTERED OFFICE: FFT
Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ





REGISTERED NUMBER: 11467215 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Dribben & Warwick Holdings Limited (Registered number: 11467215)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,248 10,567
Investment property 5 1,115,000 1,115,000
1,123,248 1,125,567

CURRENT ASSETS
Debtors 6 11,293 12,345
Cash at bank and in hand 1,296 5,502
12,589 17,847
CREDITORS
Amounts falling due within one year 7 521,510 510,934
NET CURRENT LIABILITIES (508,921 ) (493,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

614,327

632,480

CREDITORS
Amounts falling due after more than one
year

8

(497,459

)

(504,886

)

PROVISIONS FOR LIABILITIES (26,540 ) (34,283 )
NET ASSETS 90,328 93,311

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10 90,326 93,309
SHAREHOLDERS' FUNDS 90,328 93,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Dribben & Warwick Holdings Limited (Registered number: 11467215)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:




M Warwick - Director



A S Dribben - Director


Dribben & Warwick Holdings Limited (Registered number: 11467215)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Dribben & Warwick Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern
The company's financial statements for the year ended 31 July 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Dribben & Warwick Holdings Limited (Registered number: 11467215)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022 14,406
Additions 657
At 31 July 2023 15,063
DEPRECIATION
At 1 August 2022 3,839
Charge for year 2,976
At 31 July 2023 6,815
NET BOOK VALUE
At 31 July 2023 8,248
At 31 July 2022 10,567

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 1,115,000
NET BOOK VALUE
At 31 July 2023 1,115,000
At 31 July 2022 1,115,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2020 22,217
Valuation in 2021 89,348
Valuation in 2022 25,570
Cost 977,865
1,115,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 977,865 977,865

Investment properties were valued on an open market basis on 31 July 2023 by the directors .

The directors consider that the market value of the property not to be materially different from the value stated in the financial statements at 31 July 2023.

Dribben & Warwick Holdings Limited (Registered number: 11467215)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 11,293 12,345

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,991 37,477
Trade creditors 2,372 708
Taxation and social security 2,166 1,790
Other creditors 485,981 470,959
521,510 510,934

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 497,459 504,886

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 373,496 354,978

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 528,450 542,363

10. RESERVES
Retained
earnings
£   

At 1 August 2022 93,309
Deficit for the year (2,983 )
At 31 July 2023 90,326

Dribben & Warwick Holdings Limited (Registered number: 11467215)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

11. RELATED PARTY DISCLOSURES

Included within other creditors is the directors' current account balance of £88,389 (2022: £88,389). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.

Included within other creditors is a balance amounting to £396,042 (2022: £381,020) due to companies in which certain directors of the company are also directors and shareholders. There are no fixed repayment terms and no interest is chargeable to the company in respect of these balances.

Included within other debtors is a balance amounting to £390 (2022: £390) due from a company in which a director of the company is also a director and shareholder. There are no fixed repayment terms and no interest is chargeable by the company in respect os this balance.