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REGISTERED NUMBER: 08728368 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 December 2023

for

Digby Holding Limited

Digby Holding Limited (Registered number: 08728368)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Digby Holding Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs C L Digby
D P Digby





REGISTERED OFFICE: Spirit House
Hereward Rise
Halesowen
West Midlands
B62 8AW





REGISTERED NUMBER: 08728368 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Digby Holding Limited (Registered number: 08728368)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,572,689 997,370

CURRENT ASSETS
Debtors 5 649,189 420,405
Cash at bank 2,877,386 3,456,306
3,526,575 3,876,711
CREDITORS
Amounts falling due within one year 6 320,274 247,907
NET CURRENT ASSETS 3,206,301 3,628,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,778,990

4,626,174

CREDITORS
Amounts falling due after more than one year 7 (13,463 ) -

PROVISIONS FOR LIABILITIES (218,100 ) (65,800 )
NET ASSETS 4,547,427 4,560,374

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 699,140 318,464
Retained earnings 3,848,285 4,241,908
SHAREHOLDERS' FUNDS 4,547,427 4,560,374

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.

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:



D P Digby - Director


Digby Holding Limited (Registered number: 08728368)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Digby Holding 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 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost and not provided
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance

.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Digby Holding Limited (Registered number: 08728368)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 971,224 10,874 28,156 1,010,254
Additions - - 59,370 59,370
Revaluations 528,776 - - 528,776
At 31 December 2023 1,500,000 10,874 87,526 1,598,400
DEPRECIATION
At 1 January 2023 - 5,071 7,813 12,884
Charge for year - 871 11,956 12,827
At 31 December 2023 - 5,942 19,769 25,711
NET BOOK VALUE
At 31 December 2023 1,500,000 4,932 67,757 1,572,689
At 31 December 2022 971,224 5,803 20,343 997,370

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Valuation in 2023 848,496 - - 848,496
Cost 651,504 10,874 87,526 749,904
1,500,000 10,874 87,526 1,598,400

If the freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 651,504 651,504
Aggregate depreciation 62,744 62,744

Freehold land and buildings were valued on an open market basis on 31 December 2023 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 57,941
Amounts owed by group undertakings 645,940 361,051
Other debtors 3,249 1,413
649,189 420,405

Digby Holding Limited (Registered number: 08728368)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,097 -
Trade creditors 2,351 1,128
Taxation and social security - 21,145
Other creditors 307,826 225,634
320,274 247,907

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 13,463 -

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 318,464
Fair value reserve movement 380,676

At 31 December 2023 699,140

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs C L Digby and D P Digby
Balance outstanding at start of year - 25,102
Amounts repaid - (25,102 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

The balance due to the directors at the end of the year was £300,663 (2022: £175,559).