0 false false false false false false false false false false true false false true true true true No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,242,423 2,242,423 2,242,423 xbrli:pure xbrli:shares iso4217:GBP 14293668 2023-01-01 2023-12-31 14293668 2023-12-31 14293668 2022-12-31 14293668 2022-08-12 2022-12-31 14293668 2022-12-31 14293668 2022-08-11 14293668 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 14293668 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 14293668 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 14293668 bus:OrdinaryShareClass4 2023-01-01 2023-12-31 14293668 bus:OrdinaryShareClass5 2023-01-01 2023-12-31 14293668 bus:Director4 2023-01-01 2023-12-31 14293668 core:ShareCapital 2023-12-31 14293668 core:ShareCapital 2022-12-31 14293668 core:RetainedEarningsAccumulatedLosses 2023-12-31 14293668 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 14293668 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 14293668 core:Non-currentFinancialInstruments 2023-12-31 14293668 bus:SmallEntities 2023-01-01 2023-12-31 14293668 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 14293668 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 14293668 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14293668 bus:FullAccounts 2023-01-01 2023-12-31 14293668 bus:OrdinaryShareClass1 2023-12-31 14293668 bus:OrdinaryShareClass1 2022-12-31 14293668 bus:OrdinaryShareClass2 2023-12-31 14293668 bus:OrdinaryShareClass3 2023-12-31 14293668 bus:OrdinaryShareClass4 2023-12-31 14293668 bus:OrdinaryShareClass5 2023-12-31 14293668 bus:AllOrdinaryShares 2023-12-31 14293668 bus:AllOrdinaryShares 2022-12-31
COMPANY REGISTRATION NUMBER: 14293668
Spiller Door Controls Holdings Limited
Filleted Unaudited Financial Statements
31 December 2023
Spiller Door Controls Holdings Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
2,242,423
Current assets
Debtors
5
1
1
----
----
Net current assets
1
1
------------
----
Total assets less current liabilities
2,242,424
1
------------
----
Capital and reserves
Called up share capital
6
2,238,320
1
Profit and loss account
4,104
------------
----
Shareholders funds
2,242,424
1
------------
----
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 August 2024 , and are signed on behalf of the board by:
Mr N Geyser
Director
Company registration number: 14293668
Spiller Door Controls Holdings Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 43 Richmond Hill, Bournemouth, BH2 6LR, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2023
Additions
2,242,423
------------
At 31 December 2023
2,242,423
------------
Impairment
At 1 January 2023 and 31 December 2023
------------
Carrying amount
At 31 December 2023
2,242,423
------------
At 31 December 2022
------------
Spiller Door Controls Ltd On 24 January 2023, Spiller Door Controls Holdings Limited acquired 135 Ordinary A, 585 Ordinary B, 135 Ordinary C, 135 Ordinary D, 135 Ordinary E and 45 Ordinary G shares, representing 86.7% of the share capital in Spiller Door Controls Ltd, a company registered in England and Wales.
On 17 November 2023, Spiller Door Controls Holding Limited acquired a further 179 Ordinary A shares representing the remaining 13.3% of the share capital in Spiller Door Controls Ltd.
At the year end, Spiller Door Controls Ltd had aggregate capital and reserves of £1,351,872 and profit after tax of £315,806.
5. Debtors
2023
2022
£
£
Other debtors
1
1
----
----
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
A Ordinary shares of £ 1 each
1,792,096
1,792,096
1
1
B Ordinary shares of £ 1 each
82,072
82,072
C Ordinary shares of £ 1 each
52,387
52,387
D Ordinary shares of £ 1 each
52,387
52,387
H Ordinary shares of £ 1 each
259,378
259,378
------------
------------
----
----
2,238,320
2,238,320
1
1
------------
------------
----
----
On 24 January 2023, 1,495,092 A Ordinary, 82,072 B Oridnary, 52,387 C Ordinary, 52,387 D Ordinary, 4,104 E Ordinary and 259,378 H Ordinary shares were issued as part of a share for share exchange. On 17 November 2023, 4,104 E Ordinary shares were cancelled by reduction. On the same date 297,003 A Ordinary shares were issued as part of a share for share exchange.
All shares rank pari pasu except the A ordinary shares are the only shares that carry voting rights. In addition the A, B and H ordinary shares rank equally for dividends. The dividends for the C and D ordinary shares are determined by the directors unless otherwise determined by the shareholders having 50% or more of the A ordinary shares.
7. Controlling party
The immediate controlling party at the start of the financial year was Mr D Lillington as 100% shareholder of the company. On 24 January 2023 and 17 November 2023, the company entered into two share for share agreements to acquire 100% of the share capital of Spiller Door Controls Limited, a company registered in England and Wales. From 24 Janaury 2023 there was no one immediate or ultimate controlling party. On 8 April 2024, the immediate controlling party became Door Controls Group Ltd by way of a share for share exchange. Door Controls Group Ltd is a company registered in England and Wales. There is no one ultimate controlling party.