Company registration number 10348609 (England and Wales)
DBPS Holdings Ltd
UNAUDITED FINANCIAL STATEMENTS
for the period ended 30 June 2024
PAGES FOR FILING WITH REGISTRAR
DBPS Holdings Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
DBPS Holdings Ltd
Statement of financial position
as at 30 June 2024
- 1 -
30 June
30 April
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
57,613
-
0
Investment properties
4
393,664
393,664
Investments
5
100
36,000
451,377
429,664
Current assets
Debtors
152,400
-
0
Cash at bank and in hand
327,698
359,097
480,098
359,097
Creditors: amounts falling due within one year
(188,536)
(5,609)
Net current assets
291,562
353,488
Total assets less current liabilities
742,939
783,152
Creditors: amounts falling due after more than one year
(105,158)
(107,151)
Net assets
637,781
676,001
Capital and reserves
Called up share capital
6
4
4
Other reserves
-
0
35,996
Profit and loss reserves
637,777
640,001
Total equity
637,781
676,001
DBPS Holdings Ltd
Statement of financial position (continued)
as at 30 June 2024
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 22 August 2024 and are signed on its behalf by:
H Snowball
Director
Company Registration No. 10348609
DBPS Holdings Ltd
Notes to the financial statements
for the period ended 30 June 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised upon the provision of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
20% reducing balance basis
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Fixed asset investments

The investment in subsidiary company is included at cost less any necessary provision for diminution in value.

 

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DBPS Holdings Ltd
Notes to the financial statements (continued)
for the period ended 30 June 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2023
-
0
Additions
65,143
At 30 June 2024
65,143
Depreciation and impairment
At 1 May 2023
-
0
Depreciation charged in the period
7,530
At 30 June 2024
7,530
Carrying amount
At 30 June 2024
57,613
At 30 April 2023
-
0
4
Investment property
2024
£
Fair value
At 1 May 2023 and 30 June 2024
393,664
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings
100
36,000
DBPS Holdings Ltd
Notes to the financial statements (continued)
for the period ended 30 June 2024
5
Fixed asset investments
(continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 May 2023
36,000
Additions
100
Disposals
(36,000)
At 30 June 2024
100
Carrying amount
At 30 June 2024
100
At 30 April 2023
36,000
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
Ordinary A shares of £1 each
2
2
2
2
4
4
4
4
7
Company information

DBPS Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Farrar Mill, Rookery Lane, Halifax, HX3 0PY.

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