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REGISTERED NUMBER: 08088559 (England and Wales)















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: R Sharp





REGISTERED OFFICE: Finchley Park
Emmet Hill Lane
Laddingford
Kent
ME18 6BG





REGISTERED NUMBER: 08088559 (England and Wales)






DII Capital 2 Limited (Registered number: 08088559)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £ £
FIXED ASSETS
Investments 4 12,351,440 12,587,129

CURRENT ASSETS
Debtors 5 5,717,242 5,969,609
Cash in hand 825,184 512,273
6,542,426 6,481,882
CREDITORS
Amounts falling due within one year 6 (9,988,591 ) (10,436,579 )
NET CURRENT LIABILITIES (3,446,165 ) (3,954,697 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,905,275

8,632,432

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8,905,274 8,632,431
8,905,275 8,632,432

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 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


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





R Sharp - Director


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 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 as modified by the revaluation of certain assets.

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 2 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Interest in Other
undertakings associate investments Totals
£ £ £ £
COST OR VALUATION
At 1 June 2023 2,571,885 2,097,610 7,917,635 12,587,130
Additions - - 623,447 623,447
Disposals (1 ) - (974,610 ) (974,611 )
Revaluations (771,883 ) - 887,357 115,474
At 31 May 2024 1,800,001 2,097,610 8,453,829 12,351,440
NET BOOK VALUE
At 31 May 2024 1,800,001 2,097,610 8,453,829 12,351,440
At 31 May 2023 2,571,885 2,097,610 7,917,635 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 590,551 919,543
Other debtors 5,117,718 5,046,558
Prepayments and accrued income 8,973 3,508
5,717,242 5,969,609

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 8,093 -
Amounts owed to group undertakings 9,592,594 9,844,161
Social security and other taxes 251,083 137,579
Other creditors 136,588 136,001
Accruals and deferred income 233 318,838
9,988,591 10,436,579

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.