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REGISTERED NUMBER: 05851974 (England and Wales)















DGD INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






DGD INVESTMENTS LIMITED (REGISTERED NUMBER: 05851974)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DGD INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs R J Cuthbert
Ms C L Cuthbert





REGISTERED OFFICE: Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD





REGISTERED NUMBER: 05851974 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

DGD INVESTMENTS LIMITED (REGISTERED NUMBER: 05851974)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,097 1,280
Investments 5 20,189,269 16,528,057
Investment property 6 20,090,712 17,392,120
40,281,078 33,921,457

CURRENT ASSETS
Debtors 7 29,744 91,060
Cash at bank 2,811,647 4,191,444
2,841,391 4,282,504
CREDITORS
Amounts falling due within one year 8 4,478,701 3,748,805
NET CURRENT (LIABILITIES)/ASSETS (1,637,310 ) 533,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,643,768

34,455,156

CREDITORS
Amounts falling due after more than one
year

9

(23,319,538

)

(23,319,538

)

PROVISIONS FOR LIABILITIES 10 (1,812,485 ) (1,108,703 )
NET ASSETS 13,511,745 10,026,915

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 13,511,741 10,026,911
13,511,745 10,026,915

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

DGD INVESTMENTS LIMITED (REGISTERED NUMBER: 05851974)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





Mrs R J Cuthbert - Director


DGD INVESTMENTS LIMITED (REGISTERED NUMBER: 05851974)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

DGD Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about DGD Investments 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.

Turnover
Turnover represents rental income for the year excluding Value Added Tax together with premiums received from tenants. Amounts invoiced in advance relating to the next accounting period are included in accruals as deferred income.

Acquisitions and disposals of properties are recognised on the date of exchange of contracts for the purchase or sale, provided there is certainty at the balance sheet date that completion will take place. If completion is subject to a contingent event the purchase or sale is recognised on the date that the contingent event occurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Listed Investments
Listed investments are initially recognised at cost and are revalued to market value at the balance sheet date. Surplus or deficit on revaluation is recognised in the profit and loss account.

DGD INVESTMENTS LIMITED (REGISTERED NUMBER: 05851974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Investment property
Investment properties are revalued at the accounting date and the aggregate surplus or temporary deficit is recognised in the profit and loss account.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation or amortisation is provided. Any permanent diminutions in value below cost are charged to the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2023 - 2 ) .

DGD INVESTMENTS LIMITED (REGISTERED NUMBER: 05851974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 1,737
DEPRECIATION
At 1 April 2023 457
Charge for year 183
At 31 March 2024 640
NET BOOK VALUE
At 31 March 2024 1,097
At 31 March 2023 1,280

5. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 10,627,412 5,900,645 16,528,057
Additions - 4,489,938 4,489,938
Disposals - (1,950,796 ) (1,950,796 )
Revaluations - 1,122,070 1,122,070
At 31 March 2024 10,627,412 9,561,857 20,189,269
NET BOOK VALUE
At 31 March 2024 10,627,412 9,561,857 20,189,269
At 31 March 2023 10,627,412 5,900,645 16,528,057

Cost or valuation at 31 March 2024 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2024 10,627,412 9,561,857 20,189,269

Fixed asset investments were valued on an open market basis on 31 March 2024 by Julius Baer & Co Limited.

DGD INVESTMENTS LIMITED (REGISTERED NUMBER: 05851974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Warbrick Property Company Limited
Registered office:
Nature of business: Property development and rental
%
Class of shares: holding
Ordinary 99.00
2024 2023
£    £   
Aggregate capital and reserves 11,666,734 10,255,546
Profit/(loss) for the year 1,410,988 (676,105 )

David Navin Holdings Limited
Registered office:
Nature of business: Property development and rental
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 6,276,846 5,771,772
Profit for the year 505,074 109,497

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 17,392,120
Disposals (250,000 )
Revaluations 2,948,592
At 31 March 2024 20,090,712
NET BOOK VALUE
At 31 March 2024 20,090,712
At 31 March 2023 17,392,120

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 20,090,712

The investment property portfolio was revalued by R J Cuthbert, a chartered surveyor and director of the company at the balance sheet date.

DGD INVESTMENTS LIMITED (REGISTERED NUMBER: 05851974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,168 57,025
Other debtors 2,049 12,608
VAT 19,307 15,708
Prepayments 4,220 5,719
29,744 91,060

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,478 11,678
Amounts owed to group undertakings 4,134,886 3,029,208
Corporation tax 73,179 456,940
Directors' current accounts 242,182 242,182
Accrued expenses 3,976 8,797
4,478,701 3,748,805

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Debentures 23,319,538 23,319,538

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 1,812,485 1,108,703

Deferred
tax
£   
Balance at 1 April 2023 1,108,703
Provided during year 703,782
Balance at 31 March 2024 1,812,485

11. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors R J Cuthbert and C L Cuthbert.