REGISTERED NUMBER: |
Deeptech Disruptive Growth Investments |
Ltd |
Unaudited Financial Statements For The Year Ended 31 July 2023 |
REGISTERED NUMBER: |
Deeptech Disruptive Growth Investments |
Ltd |
Unaudited Financial Statements For The Year Ended 31 July 2023 |
Deeptech Disruptive Growth Investments |
Ltd (Registered number: 11485225) |
Contents of the Financial Statements |
For The Year Ended 31 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Deeptech Disruptive Growth Investments |
Ltd |
Company Information |
For The Year Ended 31 July 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Sidings Court |
Lakeside |
Doncaster |
South Yorkshire |
DN4 5NU |
Deeptech Disruptive Growth Investments |
Ltd (Registered number: 11485225) |
Balance Sheet |
31 July 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
PROVISIONS FOR LIABILITIES |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
Deeptech Disruptive Growth Investments |
Ltd (Registered number: 11485225) |
Notes to the Financial Statements |
For The Year Ended 31 July 2023 |
1. | STATUTORY INFORMATION |
Deeptech Disruptive Growth Investments Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Exemption from preparing consolidated financial statements |
The company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts. |
Going concern |
During the year, the company realised a loss of £10,726 (2022: £4,387) and had net liabilities at the year end of £39,909 (2022: £29,183). The company meets its day to day working capital requirement using funds advanced to the company by its directors. At the year end, the company owed £169,200 (2022: £160,000) to the directors, who have confirmed that they will not recall the balance for repayment until such times that the company has sufficient funds to do so. At the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. |
Investments in subsidiaries |
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. |
Interest income |
Interest income is recognised in profit and loss using the effective interest method. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Deeptech Disruptive Growth Investments |
Ltd (Registered number: 11485225) |
Notes to the Financial Statements - continued |
For The Year Ended 31 July 2023 |
4. | FIXED ASSET INVESTMENTS |
Investments |
in subsidiary | Loans to |
companies | subsidiaries | Total |
£ | £ | £ |
Cost or valuation |
At 1 August 2022 | 37,764 | 24,145,840 | 24,183,604 |
Revaluation | 62,237 |
At 31 July 2023 | 100,001 | 24,145,840 | 24,183,604 |
Impairment |
At 1 August 2022 | - | 24,032,842 | 24,032,842 |
At 31 July 2023 | - | 24,032,842 | 24,032,842 |
Net book value |
At 31 July 2023 | 100,001 | 112,998 | 212,999 |
At 31 July 2022 | 37,764 | 112,998 | 150,762 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
Accruals and deferred income |