Silverfin false false 31/01/2024 01/02/2023 31/01/2024 B Marks 16/02/2022 M Parsons 16/02/2022 J Scannell 16/02/2022 18 October 2024 The principal activity of the Company during the financial year was that of a holding company. 13920543 2024-01-31 13920543 bus:Director1 2024-01-31 13920543 bus:Director2 2024-01-31 13920543 bus:Director3 2024-01-31 13920543 2023-01-31 13920543 core:CurrentFinancialInstruments 2024-01-31 13920543 core:CurrentFinancialInstruments 2023-01-31 13920543 core:ShareCapital 2024-01-31 13920543 core:ShareCapital 2023-01-31 13920543 core:RetainedEarningsAccumulatedLosses 2024-01-31 13920543 core:RetainedEarningsAccumulatedLosses 2023-01-31 13920543 core:CostValuation 2023-01-31 13920543 core:CostValuation 2024-01-31 13920543 2023-02-01 2024-01-31 13920543 bus:FilletedAccounts 2023-02-01 2024-01-31 13920543 bus:SmallEntities 2023-02-01 2024-01-31 13920543 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13920543 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13920543 bus:Director1 2023-02-01 2024-01-31 13920543 bus:Director2 2023-02-01 2024-01-31 13920543 bus:Director3 2023-02-01 2024-01-31 13920543 2022-02-16 2023-01-31 13920543 core:Subsidiary1 2023-02-01 2024-01-31 13920543 core:Subsidiary1 1 2023-02-01 2024-01-31 13920543 core:Subsidiary1 1 2022-02-16 2023-01-31 13920543 core:CurrentFinancialInstruments 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 13920543 (England and Wales)

DT9 GROUP LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

DT9 GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

DT9 GROUP LIMITED

BALANCE SHEET

As at 31 January 2024
DT9 GROUP LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 31.01.2024 31.01.2023
£ £
Fixed assets
Investments 3 200 200
200 200
Current assets
Debtors 4 904 10,801
Cash at bank and in hand 392,030 344,068
392,934 354,869
Creditors: amounts falling due within one year 5 ( 64,022) ( 150,015)
Net current assets 328,912 204,854
Total assets less current liabilities 329,112 205,054
Accruals and deferred income ( 2,281) ( 1,440)
Net assets 326,831 203,614
Capital and reserves
Called-up share capital 400 400
Profit and loss account 326,431 203,214
Total shareholders' funds 326,831 203,614

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 DT9 Group Limited (registered number: 13920543) were approved and authorised for issue by the Board of Directors on 18 October 2024. They were signed on its behalf by:

B Marks
Director
DT9 GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
DT9 GROUP 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 period, unless otherwise stated.

General information and basis of accounting

DT9 Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Motivo Bluebell Road, Alvington, Yeovil, BA20 2FG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 £.

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.

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

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Business Combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2. Employees

Year ended
31.01.2024
Period from
16.02.2022 to
31.01.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 February 2023 200 200
At 31 January 2024 200 200
Carrying value at 31 January 2024 200 200
Carrying value at 31 January 2023 200 200

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.01.2024
Ownership
31.01.2023
Micron Communications Limited Motivo Bluebell Road, Alvington,Yeovil, BA20 2FG The provision of communications technology Ordinary 100.00% 100.00%

4. Debtors

31.01.2024 31.01.2023
£ £
Amounts owed by Group undertakings 700 0
Other debtors 204 10,801
904 10,801

5. Creditors: amounts falling due within one year

31.01.2024 31.01.2023
£ £
Amounts owed to Group undertakings 64,015 150,015
Other creditors 7 0
64,022 150,015

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

6. Related party transactions

Transactions with the entity's directors

Advances

The Directors ' loan accounts are repayable on demand and interest is charged on overdrawn balances exceeding £10,000 per director at the official HMRC rates.

At 1 February 2023, the balance owed by the directors was £10,642. During the year, £13,150 was advanced to the directors, and £23,799 was repaid by the directors. At 31 January 2024, the balance owed to the directors was £7.

At 1 February 2022, the balance owed to the directors was £nil. During the year, £53,743 was advanced to the directors, and £43,101 was repaid by the directors. At 31 January 2023 , the balance owed by the directors was £10,642.