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REGISTERED NUMBER: 01965584 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DIE-PAT HOLDINGS LIMITED

DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIE-PAT HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S J Gleghorn
C L Brander





SECRETARY: C L Brander





REGISTERED OFFICE: The Die-Pat Centre
Broad March
Daventry
Northamptonshire
NN11 4HE





REGISTERED NUMBER: 01965584 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 3,061 3,926
Investments 4 1,850,000 1,850,000
1,853,061 1,853,926

CURRENT ASSETS
Debtors 5 2,237,036 1,820,242
Cash at bank 29,331 4,536
2,266,367 1,824,778
CREDITORS
Amounts falling due within one year 6 1,496,294 1,070,718
NET CURRENT ASSETS 770,073 754,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,623,134

2,607,986

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Capital redemption reserve 7 480 480
Other reserves 7 1,389,685 1,389,685
Retained earnings 7 1,217,969 1,202,821
SHAREHOLDERS' FUNDS 2,623,134 2,607,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584)

BALANCE SHEET - continued
31 DECEMBER 2023


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 September 2024 and were signed on its behalf by:





C L Brander - Director


DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets to fair value.

Preparation of consolidated financial statements
The financial statements contain information about Die-Pat Holdings 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.

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 represents management charges, excluding value added tax, invoiced to subsidiaries. The revenue is recognised in the period that the management services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - at variable rates on reducing balance
Computer equipment - 33.33% on reducing balance

Investments in subsidiaries
Investments in subsidiaries are measured at fair value, with changes in fair value being recognised in other comprehensive income. Where revaluation does occur then an appropriate deferred tax provision is also recognised in respect of the potential future capital gain. The fair value is estimated using a valuation technique as deemed appropriate by the directors.


DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


1. ACCOUNTING POLICIES - continued
Current and deferred tax
Current tax, including UK corporation tax, is provided at amounts expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and it results as stated in the financial statements that arise from inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expended to apply to the reversal of the timing differences.

Where items recognised in other comprehensive income and equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 4,048 198,698 1,069 203,815
DEPRECIATION
At 1 January 2023 3,997 195,461 431 199,889
Charge for year 7 647 211 865
At 31 December 2023 4,004 196,108 642 200,754
NET BOOK VALUE
At 31 December 2023 44 2,590 427 3,061
At 31 December 2022 51 3,237 638 3,926

DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 1,850,000
NET BOOK VALUE
At 31 December 2023 1,850,000
At 31 December 2022 1,850,000

Cost or valuation at 31 December 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2014 1,039,685
Valuation in 2015 175,000
Valuation in 2016 25,000
Valuation in 2020 150,000
Cost 460,315
1,850,000

The shares in group undertakings were valued by the directors at their fair value at the year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group companies 2,165,664 1,732,935
Deferred tax asset 348 329
Prepayments and accrued income 71,024 86,978
2,237,036 1,820,242

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 79,089 55,143
Amounts owed to group undertakings 1,390,352 983,009
Tax 2,377 9,500
Social security and other taxes 1,190 20,441
VAT 20,436 -
Accrued expenses 2,850 2,625
1,496,294 1,070,718

DIE-PAT HOLDINGS LIMITED (REGISTERED NUMBER: 01965584)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. RESERVES
Capital
Retained redemption Other
earnings reserve reserves Totals
£    £    £    £   

At 1 January 2023 1,202,821 480 1,389,685 2,592,986
Profit for the year 15,148 - - 15,148
At 31 December 2023 1,217,969 480 1,389,685 2,608,134

8. CONTINGENT LIABILITIES

There is an unlimited cross guarantee given by Die-Pat Holdings Ltd with respect to bank liabilities of other group companies, Die-Pat Divisions Ltd and Vantage Products Ltd. At the year end there was contingent liabilities of £51,666 in this regard (2022: £119,286).

9. PARENT UNDERTAKING

The immediate and ultimate parent undertaking is Brander-Gleghorn Holdings Ltd