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REGISTERED NUMBER: 07945270 (England and Wales)















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: M N Beckley
G Lovell
R I Taylor
R W J Bell
S D Heath
J R Beardmore





REGISTERED OFFICE: The Exchange
5 Bank Street
Bury
BL9 0DN





REGISTERED NUMBER: 07945270 (England and Wales)






DTE BUSINESS ADVISERS GROUP LIMITED (REGISTERED NUMBER: 07945270)

STATEMENT OF FINANCIAL POSITION
29 NOVEMBER 2023

2023 2023
Notes £    £   
FIXED ASSETS
Investments 4 1,283,870 1,283,870

CURRENT ASSETS
Debtors 5 46,457 13,955

CREDITORS
Amounts falling due within one year 6 (1,248,220 ) (1,177,382 )
NET CURRENT LIABILITIES (1,201,763 ) (1,163,427 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,107

120,443

CAPITAL AND RESERVES
Called up share capital 5,400 5,534
Capital redemption reserve 600 466
Retained earnings 76,107 114,443
SHAREHOLDERS' FUNDS 82,107 120,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 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.

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 30 August 2024 and were signed on its behalf by:





R I Taylor - Director


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
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.

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 5 (2023 - 5 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 29 November 2023 1,283,870
NET BOOK VALUE
At 29 November 2023 1,283,870
At 30 April 2023 1,283,870

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other debtors 46,457 13,955

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 1,022,196 805,396
Taxation and social security 241 241
Other creditors 225,783 371,745
1,248,220 1,177,382

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.