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COMPANY REGISTRATION NUMBER: 09482179
DKP HOLDINGS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2024
DKP HOLDINGS LTD
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Investments
4
410,040
410,040
CURRENT ASSETS
Cash at bank and in hand
80
80
CREDITORS: amounts falling due within one year
5
216,210
201,810
----------
----------
NET CURRENT LIABILITIES
216,130
201,730
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
193,910
208,310
CREDITORS: amounts falling due after more than one year
6
14,400
----------
----------
NET ASSETS
193,910
193,910
----------
----------
DKP HOLDINGS LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Share premium account
193,900
193,900
Profit and loss account
( 90)
( 90)
----------
----------
SHAREHOLDERS FUNDS
193,910
193,910
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 November 2024 , and are signed on behalf of the board by:
Mr R M Webster
Director
Company registration number: 09482179
DKP HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55-57 Burn Bridge Road, Harrogate, HG3 1PB.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS102 Section1A,'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
(c) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. INVESTMENTS
DKP Consulting Ltd
£
Cost
At 1 April 2023 and 31 March 2024
410,040
----------
Impairment
At 1 April 2023 and 31 March 2024
----------
Carrying amount
At 31 March 2024
410,040
----------
At 31 March 2023
410,040
----------
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
185,810
171,410
Other creditors
30,400
30,400
----------
----------
216,210
201,810
----------
----------
6. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
14,400
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7. RELATED PARTY TRANSACTIONS
The company was under the control of Mr R M Webster throughout the current period. Mr Webster is the managing director and majority shareholder. During the period the company received £84,250 (2023: £105,000) in dividends from DKP Consulting Limited. Dividends of £84,250 (2023: £105,000) were voted to the share holders.