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REGISTERED NUMBER: 11156050 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024

FOR

DEC (HB UK) LIMITED

DEC (HB UK) LIMITED (REGISTERED NUMBER: 11156050)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEC (HB UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: D E Carr FCCA





REGISTERED OFFICE: Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP





REGISTERED NUMBER: 11156050 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP

DEC (HB UK) LIMITED (REGISTERED NUMBER: 11156050)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 141 309
Investments 6 304,730 363,386
304,871 363,695

CURRENT ASSETS
Debtors 7 - 1,150
Cash at bank 32,316 19,487
32,316 20,637
CREDITORS
Amounts falling due within one year 8 25,070 24,234
NET CURRENT ASSETS/(LIABILITIES) 7,246 (3,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,117

360,098

CREDITORS
Amounts falling due after more than one
year

9

(124,163

)

(137,298

)

PROVISIONS FOR LIABILITIES 11 (19,794 ) (26,656 )
NET ASSETS 168,160 196,144

DEC (HB UK) LIMITED (REGISTERED NUMBER: 11156050)

BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 100 100
Non-distributable reserve 13 61,373 113,794
Retained earnings 106,687 82,250
SHAREHOLDERS' FUNDS 168,160 196,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 director and authorised for issue on 2 January 2025 and were signed by:





D E Carr FCCA - Director


DEC (HB UK) LIMITED (REGISTERED NUMBER: 11156050)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

DEC (HB UK) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - straight line over 3 years

All fixed assets are originally recorded at cost.

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 asset of the entity after deducting all of its financial liabilities.

When 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. Financial 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.


DEC (HB UK) LIMITED (REGISTERED NUMBER: 11156050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. ACCOUNTING POLICIES - continued
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.

Unlisted investments
Unlisted investments have been measured at cost less impairment.

4. EMPLOYEES AND DIRECTORS

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

DEC (HB UK) LIMITED (REGISTERED NUMBER: 11156050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 May 2023
and 30 April 2024 503
DEPRECIATION
At 1 May 2023 194
Charge for year 168
At 30 April 2024 362
NET BOOK VALUE
At 30 April 2024 141
At 30 April 2023 309

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2023 363,386
Fair value (58,656 )
At 30 April 2024 304,730
NET BOOK VALUE
At 30 April 2024 304,730
At 30 April 2023 363,386

DEC (HB UK) LIMITED (REGISTERED NUMBER: 11156050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2024 is represented by:

Other
investments
£   
Valuation in 2018 135,465
Valuation in 2020 87,435
Valuation in 2023 140,486
Valuation in 2024 (58,656 )
304,730

The investments were valued at fair value as at 30 April 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,150

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 10) 22,594 20,953
Other creditors 112 110
Director's current account 2,364 3,171
25,070 24,234

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 10) 124,163 137,298

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 33,784 47,633

DEC (HB UK) LIMITED (REGISTERED NUMBER: 11156050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 22,594 20,953

Amounts falling due between one and two years:
Other loans - 1-2 years 22,595 22,066

Amounts falling due between two and five years:
Other loans - 2-5 years 67,784 67,599

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 33,784 47,633

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19,794 26,656

Deferred
tax
£   
Balance at 1 May 2023 26,656
Provided during year (6,862 )
Balance at 30 April 2024 19,794

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

DEC (HB UK) LIMITED (REGISTERED NUMBER: 11156050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


13. RESERVES
Non-distributable
reserve
£   
At 1 May 2023 113,794
Transfer (52,421 )

At 30 April 2024 61,373