REGISTERED NUMBER: |
DII Capital 2 Limited |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
REGISTERED NUMBER: |
DII Capital 2 Limited |
Unaudited Financial Statements |
for the Year Ended 31 May 2024 |
DII Capital 2 Limited (Registered number: 08088559) |
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 |
DII Capital 2 Limited |
Company Information |
for the Year Ended 31 May 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
DII Capital 2 Limited (Registered number: 08088559) |
Balance Sheet |
31 May 2024 |
31/5/24 | 31/5/23 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
DII Capital 2 Limited (Registered number: 08088559) |
Balance Sheet - continued |
31 May 2024 |
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 director and authorised for issue on |
DII Capital 2 Limited (Registered number: 08088559) |
Notes to the Financial Statements |
for the Year Ended 31 May 2024 |
1. | STATUTORY INFORMATION |
DII Capital 2 Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,returns, rebates and discounts. |
The company recognises revenue when: |
The amount of revenue can be reliably measured; |
it is probable that future economic benefits will flow to the entity; |
and specific criteria have been met for each of the company's activities. |
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. |
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. |
DII Capital 2 Limited (Registered number: 08088559) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
2. | ACCOUNTING POLICIES - continued |
Investments |
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group | Interest in | Other |
undertakings | associate | investments | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 June 2023 | 12,587,130 |
Additions | 623,447 |
Disposals | ( |
) | ( |
) | (974,611 | ) |
Revaluations | ( |
) | 115,474 |
At 31 May 2024 | 12,351,440 |
NET BOOK VALUE |
At 31 May 2024 | 12,351,440 |
At 31 May 2023 | 12,587,130 |
Cost or valuation at 31 May 2024 is represented by: |
Shares in |
group | Interest in | Other |
undertakings | associate | investments | Totals |
£ | £ | £ | £ |
Valuation in 2024 | - | - | 55,835 | 55,835 |
Valuation in 2023 | - | - | 831,522 | 831,522 |
Cost | 1,800,001 | 2,097,610 | 7,566,472 | 11,464,083 |
1,800,001 | 2,097,610 | 8,453,829 | 12,351,440 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/5/24 | 31/5/23 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
Prepayments and accrued income |
DII Capital 2 Limited (Registered number: 08088559) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/5/24 | 31/5/23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
7. | RELATED PARTY DISCLOSURES |
SW7 Holdings Ltd |
During the year, there were no transactions with SW7 Holdings Ltd, a company of which DII Capital 2 Ltd is a shareholder. The loan to SW7 Holdings Ltd was revalued downward by £1,679 (2023: upward by £84,785) at the year end so that the amount due from SW7 Holdings Ltd was £1,625,742 (2023: £1,627,421). The loan is non-interest bearing and is repayable on demand. |