Giles Deacon Group Limited 08563383 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false true true true 08563383 2022-11-01 2023-10-31 08563383 2023-10-31 08563383 core:CurrentFinancialInstruments 2023-10-31 08563383 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 08563383 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 08563383 bus:SmallEntities 2022-11-01 2023-10-31 08563383 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08563383 bus:FilletedAccounts 2022-11-01 2023-10-31 08563383 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08563383 bus:RegisteredOffice 2022-11-01 2023-10-31 08563383 bus:Director1 2022-11-01 2023-10-31 08563383 bus:Director2 2022-11-01 2023-10-31 08563383 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08563383 bus:Agent1 2022-11-01 2023-10-31 08563383 core:Subsidiary1 2022-11-01 2023-10-31 08563383 core:Subsidiary1 countries:AllCountries 2022-11-01 2023-10-31 08563383 core:Subsidiary2 2022-11-01 2023-10-31 08563383 core:Subsidiary2 countries:AllCountries 2022-11-01 2023-10-31 08563383 countries:England 2022-11-01 2023-10-31 08563383 2022-10-31 08563383 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-31 08563383 2021-11-01 2022-10-31 08563383 2022-10-31 08563383 core:CurrentFinancialInstruments 2022-10-31 08563383 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 08563383 core:CostValuation 2022-10-31 08563383 core:Subsidiary1 2021-11-01 2022-10-31 08563383 core:Subsidiary2 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 08563383 (England and Wales)

Giles Deacon Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Giles Deacon Group Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Giles Deacon Group Limited

Company Information

Directors

G Deacon

M D Fitzgerald

Registered office

Unit 10C (roof top)
Stamford Works
3 Gillett Street
London
N16 8JH

Accountants

Howells & Co
Chartered Accountants
1A Knowland Drive
Milford on Sea
Lymington
SO41 0RH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Giles Deacon Group Limited
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Giles Deacon Group Limited for the year ended 31 October 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Giles Deacon Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Giles Deacon Group Limited and state those matters that we have agreed to state to the Board of Directors of Giles Deacon Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Giles Deacon Group Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Giles Deacon Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Giles Deacon Group Limited. You consider that Giles Deacon Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Giles Deacon Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Howells & Co
Chartered Accountants
1A Knowland Drive
Milford on Sea
Lymington
SO41 0RH

29 October 2024

 

Giles Deacon Group Limited

(Registration number: 08563383)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

5

1,083

1,083

Current assets

 

Debtors

6

10

10

Cash at bank and in hand

 

435

19

 

445

29

Creditors: Amounts falling due within one year

7

(320,876)

(320,376)

Net current liabilities

 

(320,431)

(320,347)

Net liabilities

 

(319,348)

(319,264)

Capital and reserves

 

Called up share capital

1,560

1,560

Share premium reserve

249,532

249,532

Retained earnings

(570,440)

(570,356)

Shareholders' deficit

 

(319,348)

(319,264)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 October 2024 and signed on its behalf by:
 

 

Giles Deacon Group Limited

(Registration number: 08563383)
Balance Sheet as at 31 October 2023

.........................................
G Deacon
Director

 

Giles Deacon Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 10C (roof top)
Stamford Works
3 Gillett Street
London
N16 8JH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group.The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts..

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Giles Deacon Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Giles Deacon Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 November 2022

400,000

400,000

At 31 October 2023

400,000

400,000

.

At 1 November 2022

400,000

400,000

At 31 October 2023

400,000

400,000

Carrying amount

At 31 October 2023

-

-

5

Investments

2023
£

2022
£

Investments in subsidiaries

1,083

1,083

Subsidiaries

£

Cost or valuation

At 1 November 2022

1,083

.

Carrying amount

At 31 October 2023

1,083

At 31 October 2022

1,083

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Giles Deacon Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Benny International Limited

1A Knowland Drive
Milford on Sea
Lymington

Ordinary

100%

100%

 

England

     

Boo Boo Limited

1A Knowland Drive
Milford on Sea
Lymington

Ordinary

100%

100%

 

England

     

Subsidiary undertakings

Benny International Limited

The principal activity of Benny International Limited is that of a management company.

Boo Boo Limited

The principal activity of Boo Boo Limited is fashion design.

6

Debtors

Current

2023
£

2022
£

Other debtors

10

10

 

10

10

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Amounts owed to group undertakings and undertakings in which the company has a participating interest

320,376

319,876

Accruals and deferred income

500

500

320,876

320,376