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REGISTERED NUMBER: 11950870 (England and Wales)















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: D G Brown





REGISTERED OFFICE: 2 Ferry House
Far Sawrey
Ambleside
Cumbria
LA22 0LZ





REGISTERED NUMBER: 11950870 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
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 3,404,809 3,594,973

CURRENT ASSETS
Debtors 5 2,775,790 2,116,708
Cash at bank and in hand 16,864 574,338
2,792,654 2,691,046
CREDITORS
Amounts falling due within one year 6 72,369 22,508
NET CURRENT ASSETS 2,720,285 2,668,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,125,094

6,263,511

CREDITORS
Amounts falling due after more than one
year

7

15,666

25,785
NET ASSETS 6,109,428 6,237,726

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 5,498,000 5,498,000
Fair value reserve 26,277 135,296
Retained earnings 585,051 604,330
SHAREHOLDERS' FUNDS 6,109,428 6,237,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

DGB1998 HOLDINGS LIMITED (REGISTERED NUMBER: 11950870)

BALANCE SHEET - continued
31 JANUARY 2024


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 30 October 2024 and were signed by:





D G Brown - Director


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 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.

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.

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 1,070,000 1,070,000
Other investments not loans 2,334,809 2,524,973
3,404,809 3,594,973

Additional information is as follows:
Shares in
group Listed Unlisted
undertakings investments investments Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2023 1,458,035 1,936,868 588,105 3,983,008
Additions - 167,393 17,229 184,622
Disposals (35 ) (489,293 ) (40,950 ) (530,278 )
Revaluations - (66,062 ) (78,481 ) (144,543 )
Reclassification/transfer - 162,667 (162,667 ) -
At 31 January 2024 1,458,000 1,711,573 323,236 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 1,070,000 1,711,573 323,236 3,104,809
At 31 January 2023 1,070,000 1,936,868 588,105 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 5,891 4,995
Deferred tax asset 163,343 106,557
Prepayments and accrued income 9,000 -
2,775,790 2,116,708

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 10,119 9,868
Accrued expenses 62,250 12,640
72,369 22,508

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans - 1-2 years 10,375 10,119
Bank loans - 2-5 years 5,291 15,666
15,666 25,785

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
10,002 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.