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REGISTERED NUMBER: 06496836 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DELMO HOLDINGS LIMITED

DELMO HOLDINGS LIMITED (REGISTERED NUMBER: 06496836)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DELMO HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: M D Delaney
P A Delaney





REGISTERED OFFICE: 19 Spelding Drive
Standish Lower Ground
Wigan
Lancashire
WN6 8LW





REGISTERED NUMBER: 06496836 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

DELMO HOLDINGS LIMITED (REGISTERED NUMBER: 06496836)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 354 604
Investment property 5 215,000 510,000
215,354 510,604

CURRENT ASSETS
Debtors 6 - 3,457
Cash at bank and in hand 82,056 36,258
82,056 39,715
CREDITORS
Amounts falling due within one year 7 3,703 7,160
NET CURRENT ASSETS 78,353 32,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,707

543,159

PROVISIONS FOR LIABILITIES 46,421 92,149
NET ASSETS 247,286 451,010

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 48,750 172,500
Retained earnings 198,436 278,410
SHAREHOLDERS' FUNDS 247,286 451,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

DELMO HOLDINGS LIMITED (REGISTERED NUMBER: 06496836)

STATEMENT OF FINANCIAL POSITION - continued
31 July 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





M D Delaney - Director


DELMO HOLDINGS LIMITED (REGISTERED NUMBER: 06496836)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Delmo Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents the net invoice value of goods sold and rents receivable, excluding value added tax.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the customer, which is usually at the point when the customer receives the goods.

Turnover from rents is recognised in the period to which it relates.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and impairment write downs.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings - 2.50% on cost.

Investment property
Investment properties, are held to earn income and / or for capital appreciation.

Investment properties, are initially measured at cost, including transaction costs.

Subsequently investment properties, are measured at fair value. Valuations are based on open market value.

Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties, are included in the statement of comprehensive income

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan account, trade creditors and accruals.

Financial instruments that are payable or receivable within one year, typically Directors' loan accounts, trade creditors, accruals and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Taxation
Taxation for the year 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.


DELMO HOLDINGS LIMITED (REGISTERED NUMBER: 06496836)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The company makes contributions to the Delmo Holdings Ltd pension scheme, a defined contribution scheme, the assets of the scheme being held separately from the assets of the company. The pension cost charge represents contributions payable to the scheme. The company's liability is limited to the amount of the contribution.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 750
DEPRECIATION
At 1 August 2023 146
Charge for year 250
At 31 July 2024 396
NET BOOK VALUE
At 31 July 2024 354
At 31 July 2023 604

DELMO HOLDINGS LIMITED (REGISTERED NUMBER: 06496836)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 510,000
Disposals (295,000 )
At 31 July 2024 215,000
NET BOOK VALUE
At 31 July 2024 215,000
At 31 July 2023 510,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 150,000
Cost 65,000
215,000

Investment property was valued on a fair value basis in November 2022 by Lamb & Swift Commercial, an independent RICS registered valuer. The directors have relied upon this valuation to establish the fair value of the investment property at 31 July 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3 3
Other creditors 3,700 7,157
3,703 7,160

8. RESERVES
Fair
value
reserve
£   
At 1 August 2023 172,500
Fair value adjustment (123,750 )

At 31 July 2024 48,750