2023-01-012023-12-312023-12-31false06938394The Digital Parent Company Ltd2024-09-24iso4217:GBPxbrli:pure069383942023-01-01069383942023-12-31069383942023-01-012023-12-31069383942022-01-01069383942022-12-31069383942022-01-012022-12-3106938394bus:SmallEntities2023-01-012023-12-3106938394bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3106938394bus:FullAccounts2023-01-012023-12-3106938394bus:PrivateLimitedCompanyLtd2023-01-012023-12-3106938394core:WithinOneYear2023-12-3106938394core:AfterOneYear2023-12-3106938394core:WithinOneYear2022-12-3106938394core:AfterOneYear2022-12-3106938394core:ShareCapital2023-12-3106938394core:SharePremium2023-12-3106938394core:RevaluationReserve2023-12-3106938394core:OtherReservesSubtotal2023-12-3106938394core:RetainedEarningsAccumulatedLosses2023-12-3106938394core:ShareCapital2022-12-3106938394core:SharePremium2022-12-3106938394core:RevaluationReserve2022-12-3106938394core:OtherReservesSubtotal2022-12-3106938394core:RetainedEarningsAccumulatedLosses2022-12-3106938394core:LandBuildings2023-12-3106938394core:PlantMachinery2023-12-3106938394core:Vehicles2023-12-3106938394core:FurnitureFittings2023-12-3106938394core:OfficeEquipment2023-12-3106938394core:NetGoodwill2023-12-3106938394core:IntangibleAssetsOtherThanGoodwill2023-12-3106938394core:ListedExchangeTraded2023-12-3106938394core:UnlistedNon-exchangeTraded2023-12-3106938394core:LandBuildings2022-12-3106938394core:PlantMachinery2022-12-3106938394core:Vehicles2022-12-3106938394core:FurnitureFittings2022-12-3106938394core:OfficeEquipment2022-12-3106938394core:NetGoodwill2022-12-3106938394core:IntangibleAssetsOtherThanGoodwill2022-12-3106938394core:ListedExchangeTraded2022-12-3106938394core:UnlistedNon-exchangeTraded2022-12-3106938394core:LandBuildings2023-01-012023-12-3106938394core:PlantMachinery2023-01-012023-12-3106938394core:Vehicles2023-01-012023-12-3106938394core:FurnitureFittings2023-01-012023-12-3106938394core:OfficeEquipment2023-01-012023-12-3106938394core:NetGoodwill2023-01-012023-12-3106938394core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106938394core:ListedExchangeTraded2023-01-012023-12-3106938394core:UnlistedNon-exchangeTraded2023-01-012023-12-3106938394core:MoreThanFiveYears2023-01-012023-12-3106938394core:Non-currentFinancialInstruments2023-12-3106938394core:Non-currentFinancialInstruments2022-12-3106938394dpl:CostSales2023-01-012023-12-3106938394dpl:DistributionCosts2023-01-012023-12-3106938394core:LandBuildings2023-01-012023-12-3106938394core:PlantMachinery2023-01-012023-12-3106938394core:Vehicles2023-01-012023-12-3106938394core:FurnitureFittings2023-01-012023-12-3106938394core:OfficeEquipment2023-01-012023-12-3106938394dpl:AdministrativeExpenses2023-01-012023-12-3106938394core:NetGoodwill2023-01-012023-12-3106938394core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106938394dpl:GroupUndertakings2023-01-012023-12-3106938394dpl:ParticipatingInterests2023-01-012023-12-3106938394dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3106938394core:ListedExchangeTraded2023-01-012023-12-3106938394dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3106938394core:UnlistedNon-exchangeTraded2023-01-012023-12-3106938394dpl:CostSales2022-01-012022-12-3106938394dpl:DistributionCosts2022-01-012022-12-3106938394core:LandBuildings2022-01-012022-12-3106938394core:PlantMachinery2022-01-012022-12-3106938394core:Vehicles2022-01-012022-12-3106938394core:FurnitureFittings2022-01-012022-12-3106938394core:OfficeEquipment2022-01-012022-12-3106938394dpl:AdministrativeExpenses2022-01-012022-12-3106938394core:NetGoodwill2022-01-012022-12-3106938394core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3106938394dpl:GroupUndertakings2022-01-012022-12-3106938394dpl:ParticipatingInterests2022-01-012022-12-3106938394dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3106938394core:ListedExchangeTraded2022-01-012022-12-3106938394dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3106938394core:UnlistedNon-exchangeTraded2022-01-012022-12-3106938394core:NetGoodwill2023-12-3106938394core:IntangibleAssetsOtherThanGoodwill2023-12-3106938394core:LandBuildings2023-12-3106938394core:PlantMachinery2023-12-3106938394core:Vehicles2023-12-3106938394core:FurnitureFittings2023-12-3106938394core:OfficeEquipment2023-12-3106938394core:AfterOneYear2023-12-3106938394core:WithinOneYear2023-12-3106938394core:ListedExchangeTraded2023-12-3106938394core:UnlistedNon-exchangeTraded2023-12-3106938394core:ShareCapital2023-12-3106938394core:SharePremium2023-12-3106938394core:RevaluationReserve2023-12-3106938394core:OtherReservesSubtotal2023-12-3106938394core:RetainedEarningsAccumulatedLosses2023-12-3106938394core:NetGoodwill2022-12-3106938394core:IntangibleAssetsOtherThanGoodwill2022-12-3106938394core:LandBuildings2022-12-3106938394core:PlantMachinery2022-12-3106938394core:Vehicles2022-12-3106938394core:FurnitureFittings2022-12-3106938394core:OfficeEquipment2022-12-3106938394core:AfterOneYear2022-12-3106938394core:WithinOneYear2022-12-3106938394core:ListedExchange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The Digital Parent Company Ltd

Registered Number
06938394
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

The Digital Parent Company Ltd
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Julian Seymour-Stubbs
Alice Smith

Registered Address

Shaw House
2-3 Tunsgate
Guildford
GU1 3QT

Registered Number

06938394 (England and Wales)
The Digital Parent Company Ltd
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets39,86110,049
9,86110,049
Current assets
Debtors4160,001231,047
Cash at bank and on hand353,419341,726
513,420572,773
Creditors amounts falling due within one year5(133,044)(159,675)
Net current assets (liabilities)380,376413,098
Total assets less current liabilities390,237423,147
Net assets390,237423,147
Capital and reserves
Called up share capital22
Profit and loss account390,235423,145
Shareholders' funds390,237423,147
The financial statements were approved and authorised for issue by the Board of Directors on 24 September 2024, and are signed on its behalf by:
Alice Smith
Director
Registered Company No. 06938394
The Digital Parent Company Ltd
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and amortised over its useful life.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year1212
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 2322,77622,776
Additions3,0813,081
At 31 December 2325,85725,857
Depreciation and impairment
At 01 January 2312,72712,727
Charge for year3,2693,269
At 31 December 2315,99615,996
Net book value
At 31 December 239,8619,861
At 31 December 2210,04910,049
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables138,684213,215
Other debtors12,3986,158
Prepayments and accrued income8,91911,674
Total160,001231,047
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables5,84319,805
Taxation and social security94,55895,374
Other creditors12,97632,126
Accrued liabilities and deferred income19,66712,370
Total133,044159,675
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Other commitments
The total of future minimum lease payments under non-cancellable operating leases as at 31 December 2023 was: not later than one year - £5,500.
7.Parent-subsidiary relationships
The company is a wholly-owned subsidiary of UpThere, Everywhere International AB, a limited liability company registered in Sweden and with its registered office at Grevturegatan 27, 114 38 Stockholm, Sweden.