Silverfin false false 31/01/2024 01/02/2023 31/01/2024 I Dalziel 19/07/2022 L Main-Dalziel 19/07/2022 L R Main-Dalziel 15 October 2024 The principal activity of the Company during the financial year is that of a holding company. SC738693 2024-01-31 SC738693 bus:Director1 2024-01-31 SC738693 bus:Director2 2024-01-31 SC738693 2023-01-31 SC738693 core:CurrentFinancialInstruments 2024-01-31 SC738693 core:CurrentFinancialInstruments 2023-01-31 SC738693 core:Non-currentFinancialInstruments 2024-01-31 SC738693 core:Non-currentFinancialInstruments 2023-01-31 SC738693 core:ShareCapital 2024-01-31 SC738693 core:ShareCapital 2023-01-31 SC738693 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC738693 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC738693 core:CostValuation 2023-01-31 SC738693 core:CostValuation 2024-01-31 SC738693 bus:OrdinaryShareClass1 2024-01-31 SC738693 2023-02-01 2024-01-31 SC738693 bus:FilletedAccounts 2023-02-01 2024-01-31 SC738693 bus:SmallEntities 2023-02-01 2024-01-31 SC738693 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC738693 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC738693 bus:Director1 2023-02-01 2024-01-31 SC738693 bus:Director2 2023-02-01 2024-01-31 SC738693 bus:Director3 2023-02-01 2024-01-31 SC738693 2022-02-01 2023-01-31 SC738693 core:CurrentFinancialInstruments 2023-02-01 2024-01-31 SC738693 core:Non-currentFinancialInstruments 2023-02-01 2024-01-31 SC738693 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 SC738693 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC738693 (Scotland)

DECAL GROUP HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH THE REGISTRAR

DECAL GROUP HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024

Contents

DECAL GROUP HOLDINGS LIMITED

BALANCE SHEET

AS AT 31 JANUARY 2024
DECAL GROUP HOLDINGS LIMITED

BALANCE SHEET (continued)

AS AT 31 JANUARY 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 3,000,000 3,000,000
3,000,000 3,000,000
Current assets
Debtors 4 2 2
Cash at bank and in hand 50,727 0
50,729 2
Creditors: amounts falling due within one year 5 ( 650,000) ( 450,000)
Net current liabilities (599,271) (449,998)
Total assets less current liabilities 2,400,729 2,550,002
Creditors: amounts falling due after more than one year 6 ( 900,000) ( 1,550,000)
Net assets 1,500,729 1,000,002
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 1,500,727 1,000,000
Total shareholders' funds 1,500,729 1,000,002

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Decal Group Holdings Limited (registered number: SC738693) were approved and authorised for issue by the Board of Directors on 15 October 2024. They were signed on its behalf by:

L R Main-Dalziel
Director
DECAL GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
DECAL GROUP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Decal Group Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 13 Carlyle Avenue, Hillington Park, Glasgow, G52 4XX, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
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.

Reporting period length

The prior year reporting period was 19th July 2022 to 31st January 2023. The company was incorporated on the 19th July 2022 and the year end was shortened from the 31st July 2023 to 31st January 2023 be in line with the subsidiary company's year end. As a result of this, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Fixed asset investments

Interests in subsidiaries is initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors, are measured at transaction price including transaction costs.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 3,000,000 3,000,000

Investments in subsidiaries

2024
£
Cost
At 01 February 2023 3,000,000
At 31 January 2024 3,000,000
Carrying value at 31 January 2024 3,000,000
Carrying value at 31 January 2023 3,000,000

4. Debtors

2024 2023
£ £
Other debtors 2 2

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 650,000 450,000

Other creditors of £650,000 in 2024 (2023: £450,000) are secured by a charge over the shares held in Decal Holdings Limited.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 900,000 1,550,000

Other creditors of £900,000 in 2024 (2023:£1,550,000) are secured by a charge over the shares held in Decal Holdings Limited.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2