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REGISTERED NUMBER: 11546029 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

DJN Group Limited

DJN Group Limited (Registered number: 11546029)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DJN Group Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S Clinton
R Clinton
N T Clinton





REGISTERED OFFICE: 9 Sedling Road
Wear Industrial Estate
Washington
Tyne and Wear
NE38 9BZ





REGISTERED NUMBER: 11546029 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
DURHAM
DH1 1TW

DJN Group Limited (Registered number: 11546029)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186 573
Investments 5 948,361 948,361
948,547 948,934

CURRENT ASSETS
Cash at bank 1,203 3,782

CREDITORS
Amounts falling due within one year 6 526,273 506,963
NET CURRENT LIABILITIES (525,070 ) (503,181 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,477

445,753

PROVISIONS FOR LIABILITIES 7 42 109
NET ASSETS 423,435 445,644

CAPITAL AND RESERVES
Called up share capital 8 416,666 416,666
Retained earnings 6,769 28,978
SHAREHOLDERS' FUNDS 423,435 445,644

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

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

DJN Group Limited (Registered number: 11546029)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





R Clinton - Director


DJN Group Limited (Registered number: 11546029)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

DJN Group 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Preparation of consolidated financial statements
The financial statements contain information about DJN Group 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost

Tangible fixed assets are measured at cost less any depreciation and impairment.

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

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

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.


DJN Group Limited (Registered number: 11546029)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 1,933
DEPRECIATION
At 1 June 2023 1,360
Charge for year 387
At 31 May 2024 1,747
NET BOOK VALUE
At 31 May 2024 186
At 31 May 2023 573

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 948,361
NET BOOK VALUE
At 31 May 2024 948,361
At 31 May 2023 948,361

DJN Group Limited (Registered number: 11546029)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 512,796 488,411
Taxation and social security 10,347 14,870
Directors' current accounts 1,440 1,992
Accruals and deferred income 1,690 1,690
526,273 506,963

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 42 109

Deferred
tax
£   
Balance at 1 June 2023 109
Accelerated capital allowances (67 )
Balance at 31 May 2024 42

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
208,333 Ordinary A £1 208,333 208,333
208,333 Ordinary B £1 208,333 208,333
416,666 416,666

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those at a market rate.

There were no related party transactions other than those concluded under normal market condition, except for those shown below:

2024 2023
£ £
Amounts due to directors 1,440 1,992

No interest has been charged.