REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
DGB1998 HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
DGB1998 HOLDINGS LIMITED |
DGB1998 HOLDINGS LIMITED (REGISTERED NUMBER: 11950870) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
DGB1998 HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chandler House |
7 Ferry Road Office Park |
Riversway |
Preston |
Lancashire |
PR2 2YH |
DGB1998 HOLDINGS LIMITED (REGISTERED NUMBER: 11950870) |
BALANCE SHEET |
31 JANUARY 2024 |
31/1/24 | 31/1/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium |
Fair value reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
DGB1998 HOLDINGS LIMITED (REGISTERED NUMBER: 11950870) |
BALANCE SHEET - continued |
31 JANUARY 2024 |
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 |
DGB1998 HOLDINGS LIMITED (REGISTERED NUMBER: 11950870) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
1. | STATUTORY INFORMATION |
DGB1998 Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about DGB1998 Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
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. |
Going concern |
The director believes that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted. |
Fixed asset investments |
Investments in another entity's equity shares are measured at fair value, unless it is an unlisted investment whose fair value cannot be reliably measured, in which case it is measured at cost less impairment. |
Changes in fair value are recognised in the profit and loss account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
DGB1998 HOLDINGS LIMITED (REGISTERED NUMBER: 11950870) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
4. | FIXED ASSET INVESTMENTS |
31/1/24 | 31/1/23 |
£ | £ |
Shares in group undertakings |
Other investments not loans |
Additional information is as follows: |
Shares in |
group | Listed | Unlisted |
undertakings | investments | investments | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 February 2023 | 3,983,008 |
Additions | 184,622 |
Disposals | ( |
) | ( |
) | ( |
) | (530,278 | ) |
Revaluations | ( |
) | ( |
) | (144,543 | ) |
Reclassification/transfer | ( |
) | - |
At 31 January 2024 | 3,492,809 |
PROVISIONS |
At 1 February 2023 | 388,035 | - | - | 388,035 |
Eliminated on disposal | (35 | ) | - | - | (35 | ) |
At 31 January 2024 | 388,000 | - | - | 388,000 |
NET BOOK VALUE |
At 31 January 2024 | 3,104,809 |
At 31 January 2023 | 3,594,973 |
Investments (neither listed nor unlisted) were as follows: |
31/1/24 | 31/1/23 |
£ | £ |
Additions | 300,000 | - |
Market value of listed investments as at 31 January 2024 - £1,711,573 |
Market value of unlisted investments as at 31 January 2024 - £323,236 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Amount owed from related |
parties | 2,597,556 | 2,005,156 |
Tax |
Deferred tax asset |
Prepayments and accrued income |
DGB1998 HOLDINGS LIMITED (REGISTERED NUMBER: 11950870) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Bank loans and overdrafts |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/1/24 | 31/1/23 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/1/24 | 31/1/23 |
value: | £ | £ |
Ordinary | £0.01 | 100 | 100 |
9. | RELATED PARTY DISCLOSURES |
Idealreview Limited is deemed a related party. Included in debtors as at 31 January 2024 is an amount of £569,311 (2023: £536,911) due from Idealreview Limited. The loan is deemed repayable on demand and no interest has been charged. |
Brindle Homes Limited is deemed a related party. Included in debtors as at 31 January 2024 is an amount of £1,817,245 (2023: £1,257,246) due from Brindle Homes Limited. The loan is deemed repayable on demand and no interest has been charged. During the year management charges of £40,000 plus VAT have been raised from Brindle Home Limited. |
The David Brown Discretionary Settlement Trust is deemed a related party. Included in debtors as at 31 January 2024 is an amount of £211,000 (2023: £211,000) due from The David Brown Discretionary Settlement Trust. The loan is deemed repayable on demand and no interest has been charged. |