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REGISTERED NUMBER: 03577275 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

DMOG LTD

DMOG LTD (REGISTERED NUMBER: 03577275)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DMOG LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Mr D M McGee





SECRETARY: Mrs J F McGee





REGISTERED OFFICE: 18 Oriel Close
Middlesbrough
TS5 5NJ





REGISTERED NUMBER: 03577275 (England and Wales)






DMOG LTD (REGISTERED NUMBER: 03577275)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 336 640
Investments 5 47,236 55,087
Investment property 6 370,000 377,500
417,572 433,227

CURRENT ASSETS
Debtors 7 79,870 80,461
Cash at bank 9,573 14,518
89,443 94,979
CREDITORS
Amounts falling due within one year 8 40,926 38,411
NET CURRENT ASSETS 48,517 56,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,089

489,795

CREDITORS
Amounts falling due after more than one year 9 (83,962 ) (100,997 )

PROVISIONS FOR LIABILITIES 11 (84 ) (160 )
NET ASSETS 382,043 388,638

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 381,943 388,538
SHAREHOLDERS' FUNDS 382,043 388,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 October 2024 and were signed by:





Mr D M McGee - Director


DMOG LTD (REGISTERED NUMBER: 03577275)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

DMOG Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments
Investments in shares are held at fair value.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

DMOG LTD (REGISTERED NUMBER: 03577275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 620 876 1,973 3,469
DEPRECIATION
At 1 July 2023 620 876 1,333 2,829
Charge for year - - 304 304
At 30 June 2024 620 876 1,637 3,133
NET BOOK VALUE
At 30 June 2024 - - 336 336
At 30 June 2023 - - 640 640

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 55,087
Disposals (15,000 )
Revaluations 7,149
At 30 June 2024 47,236
NET BOOK VALUE
At 30 June 2024 47,236
At 30 June 2023 55,087

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2017 35,516
Valuation in 2018 7,939
Valuation in 2019 (2,377 )
Valuation in 2020 (4,160 )
Valuation in 2021 20,018
Valuation in 2022 (8,910 )
Valuation in 2023 (10,939 )
Valuation in 2024 (7,851 )
Cost 18,000
47,236

DMOG LTD (REGISTERED NUMBER: 03577275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 377,500
Revaluations (7,500 )
At 30 June 2024 370,000
NET BOOK VALUE
At 30 June 2024 370,000
At 30 June 2023 377,500

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2017 (34,596 )
Valuation in 2019 (22,000 )
Valuation in 2020 (7,000 )
Valuation in 2021 (3,000 )
Valuation in 2022 20,000
Valuation in 2023 (12,500 )
Valuation in 2024 (7,500 )
Cost 436,596
370,000

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

2024 2023
£    £   
Cost 436,596 436,596

Investment property was valued on an open market basis on 30 June 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,414 -
Other debtors 77,456 80,461
79,870 80,461

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,748 17,723
Taxation and social security 19,271 17,940
Other creditors 2,907 2,748
40,926 38,411

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 83,962 100,997

DMOG LTD (REGISTERED NUMBER: 03577275)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 21,272

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 102,710 118,720

Royal Bank of Scotland has a fixed charge over the Investment Property and a floating charge over all the other property, assets and rights of the Owner owned now or in the future which are not subject to an effective fixed charge under this deed or under any other security held by the Bank.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 84 160

Deferred
tax
£   
Balance at 1 July 2023 160
Movement (76 )
Balance at 30 June 2024 84

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr D M McGee
Balance outstanding at start of year 56,514 56,826
Amounts repaid (311 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56,203 56,514

The loan is interest free and there are no fixed repayments terms.