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REGISTERED NUMBER: 05437406 (England and Wales)










DMH DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






DMH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05437406)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DMH DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: D.M. Hollingworth
C.M. Hollingworth





SECRETARY: C.M. Hollingworth





REGISTERED OFFICE: 137, Station Road,
Chingford,
London
E4 6AG





REGISTERED NUMBER: 05437406 (England and Wales)





ACCOUNTANTS: Cobbin Floyd Ltd
t/as Findlay Wetherfield Scott & Co.
Chartered Accountants
137, Station Road
Chingford,
London
E4 6AG

DMH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05437406)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 179 353

CURRENT ASSETS
Stocks 2,796,750 2,170,150
Cash at bank 10,990 147,781
2,807,740 2,317,931
CREDITORS
Amounts falling due within one year 5 (721,603 ) (184,818 )
NET CURRENT ASSETS 2,086,137 2,133,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,086,316

2,133,466

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,086,216 2,133,366
SHAREHOLDERS' FUNDS 2,086,316 2,133,466

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th January 2025 and were signed on its behalf by:





D.M. Hollingworth - Director


DMH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05437406)

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

1. STATUTORY INFORMATION

DMH Developments 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.

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 - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Long term work in progress is valued at cost plus an increment for a proportion of any apparent profit to date or realisable value if lower.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 3 (2023 - 3 ) .

DMH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05437406)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st May 2023
and 30th April 2024 1,217 4,376 5,593
DEPRECIATION
At 1st May 2023 865 4,375 5,240
Charge for year 174 - 174
At 30th April 2024 1,039 4,375 5,414
NET BOOK VALUE
At 30th April 2024 178 1 179
At 30th April 2023 352 1 353

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 3,545 109,064
Other creditors 37 195
Directors' current accounts 715,561 73,190
Accrued expenses 2,460 2,369
721,603 184,818

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There was an amount of £715,561 owed to the directors at the balance sheet date.

Interest of £13,609 was paid to the directors in the year to reimburse them towards interest incurred by them on personal loans used to finance the company's developments

7. ULTIMATE CONTROLLING PARTY

The controlling parties are D.M. and C.M. Hollingworth, the directors, by virtue of their ownership of the whole of the company's issued share capital.