REGISTERED NUMBER: |
DTE BUSINESS ADVISERS GROUP LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023 |
REGISTERED NUMBER: |
DTE BUSINESS ADVISERS GROUP LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023 |
DTE BUSINESS ADVISERS GROUP LIMITED (REGISTERED NUMBER: 07945270) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
DTE BUSINESS ADVISERS GROUP LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
DTE BUSINESS ADVISERS GROUP LIMITED (REGISTERED NUMBER: 07945270) |
STATEMENT OF FINANCIAL POSITION |
29 NOVEMBER 2023 |
2023 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
DTE BUSINESS ADVISERS GROUP LIMITED (REGISTERED NUMBER: 07945270) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
DTE Business Advisers Group Limited is a private company, limited by shares, registered in England and Wales, registration number 07945270. The registered office address is The Exchange, 5 Bank Street, Bury, BL9 0DN. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Despite the current challenges faced in the UK economy at the present time, the directors have been encouraged with the results reported for the period ended 29 November 2023 for the company and its trading subsidiary. |
Post period end the subsidiary's management accounts and projections, indicate the trading subsidiary continues to generate profits. |
The directors have a reasonable expectation that the company and its trading subsidiary has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting has been adopted in preparing these financial statements. |
Preparation of consolidated financial statements |
The financial statements contain information about DTE Business Advisers Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates. |
The estimates are continuously evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised. |
There are no estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities of the company. |
Revenue |
Revenue represents net invoiced sales of services, excluding value added tax and is recognised as those services are provided to its subsidiary. |
Taxation |
Taxation for the period 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 statement of financial position date. |
DTE BUSINESS ADVISERS GROUP LIMITED (REGISTERED NUMBER: 07945270) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from other third parties and loans from related parties. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. |
Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled. |
Income from fixed asset investments |
Income from fixed asset investments is received in the form of dividends and is credited to the income statement when receivable. |
Fixed asset investments |
Fixed asset investments in subsidiary undertakings are stated at cost, unless in the opinion of the directors there has been a permanent diminution in value, in which case an appropriate adjustment has been made. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2023 |
and 29 November 2023 |
NET BOOK VALUE |
At 29 November 2023 |
At 30 April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2023 |
£ | £ |
Other debtors |
DTE BUSINESS ADVISERS GROUP LIMITED (REGISTERED NUMBER: 07945270) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MAY 2023 TO 29 NOVEMBER 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2023 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Included within debtors falling due within one year is a director's loan account balance of £32,502 owed by M N Beckley. The closing balance is the maximum overdrawn balance in the period and there have not been any single advances which are considered material. |
This advance is unsecured, interest free and was repaid as part of the transaction detailed within the subsequent events note. |
8. | SUBSEQUENT EVENTS |
On 30 November 2023, the entire share capital of the company was acquired by DJH Mitten Clarke Group Limited. |