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REGISTERED NUMBER: 03955862 (England and Wales)














Financial Statements

for the Year Ended 31 October 2023

for

Design & Management (Holdings) Limited

Design & Management (Holdings) Limited (Registered number: 03955862)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Design & Management (Holdings) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: T Quinn
S Snell





SECRETARY: T Quinn





REGISTERED OFFICE: Contract House
202 North Cray Road
Sidcup
Kent
DA14 5EH





REGISTERED NUMBER: 03955862 (England and Wales)





AUDITORS: Bristow Burrell
Statutory Auditors
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Design & Management (Holdings) Limited (Registered number: 03955862)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 75,844 -
Investments 6 52 209,617
Investment property 7 354,830 354,830
430,726 564,447

CURRENT ASSETS
Debtors 8 2,118,883 2,301,409
Cash at bank and in hand 277,249 139,840
2,396,132 2,441,249
CREDITORS
Amounts falling due within one
year

9

161,986

141,498
NET CURRENT ASSETS 2,234,146 2,299,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,664,872

2,864,198

CREDITORS
Amounts falling due after more
than one year

10

(60,590

)

-

PROVISIONS FOR LIABILITIES (14,410 ) -
NET ASSETS 2,589,872 2,864,198

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 2,589,672 2,863,998
SHAREHOLDERS' FUNDS 2,589,872 2,864,198

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 16 July 2024 and were signed on its behalf by:





T Quinn - Director


Design & Management (Holdings) Limited (Registered number: 03955862)

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

1. STATUTORY INFORMATION

Design & Management (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.

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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

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.

Design & Management (Holdings) Limited (Registered number: 03955862)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 - 1,220 1,220
Additions 85,861 - 85,861
At 31 October 2023 85,861 1,220 87,081
DEPRECIATION
At 1 November 2022 - 1,220 1,220
Charge for year 10,017 - 10,017
At 31 October 2023 10,017 1,220 11,237
NET BOOK VALUE
At 31 October 2023 75,844 - 75,844
At 31 October 2022 - - -

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 85,861
At 31 October 2023 85,861
DEPRECIATION
Charge for year 10,017
At 31 October 2023 10,017
NET BOOK VALUE
At 31 October 2023 75,844

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 November 2022 209,617
Revaluations (209,565 )
At 31 October 2023 52
NET BOOK VALUE
At 31 October 2023 52
At 31 October 2022 209,617

Design & Management (Holdings) Limited (Registered number: 03955862)

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

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 October 2023 is represented by:

Unlisted
investments
£   
Valuation in 2023 (209,565 )
Cost 209,617
52

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Design & Management Contractors Limited
Registered office: Contract House, 202 North Cray Road, Sidcup, Kent, DA14 5EH
Nature of business: Interior design and project management
%
Class of shares: holding
Ordinary 51.00
31.10.23 31.10.22
£    £   
Aggregate capital and reserves 648,524 529,678
Profit for the year 208,626 172,921

Design & Management Air Conditioning and Mechanical Service
Registered office: Contract House, 202 North Cray Road, Sidcup, Kent, DA14 5EH
Nature of business: Heating and air conditioning contractors
%
Class of shares: holding
Ordinary 100.00
31.10.23 31.10.22
£    £   
Aggregate capital and reserves 19,783 87,422
Loss for the year (67,639 ) (108,688 )

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 354,830
NET BOOK VALUE
At 31 October 2023 354,830
At 31 October 2022 354,830

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 36,000 21,000
Other debtors 2,082,883 2,280,409
2,118,883 2,301,409

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 16,448 -
Trade creditors 1,063 7,994
Taxation and social security - 2,494
Other creditors 144,475 131,010
161,986 141,498

Design & Management (Holdings) Limited (Registered number: 03955862)

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

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 60,590 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
200 Ordinary £1 200 200

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr R Spicer (Senior Statutory Auditor)
for and on behalf of Bristow Burrell

13. POST BALANCE SHEET EVENTS

All shares held in Design & Management Air Conditioning & Mechanical Services Limited were sold after the year end for £1.

14. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr T Quinn by virtue of his 100% ownership of the share capital of the company