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REGISTERED NUMBER: 11847312 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Davies Precision Grinding Holdings Ltd

Davies Precision Grinding Holdings Ltd (Registered number: 11847312)






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


Davies Precision Grinding Holdings Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: A Sweetman





SECRETARIES: A.J. Davies
Mrs J.H. Davies





REGISTERED OFFICE: 282 Upper Balsall Heath Road
Highgate
Birmingham
West Midlands
B12 9DR





REGISTERED NUMBER: 11847312 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Davies Precision Grinding Holdings Ltd (Registered number: 11847312)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investments 5 300,000 300,000

CURRENT ASSETS
Debtors 6 - 310
Cash at bank and in hand 35,099 46,202
35,099 46,512
CREDITORS
Amounts falling due within one year 7 167,326 144,676
NET CURRENT LIABILITIES (132,227 ) (98,164 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,773

201,836

CREDITORS
Amounts falling due after more than one
year

8

12,384

54,712
NET ASSETS 155,389 147,124

CAPITAL AND RESERVES
Called up share capital 9 16,000 16,000
Retained earnings 139,389 131,124
SHAREHOLDERS' FUNDS 155,389 147,124

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.

Davies Precision Grinding Holdings Ltd (Registered number: 11847312)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





A Sweetman - Director


Davies Precision Grinding Holdings Ltd (Registered number: 11847312)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Davies Precision Grinding Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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. There were no material departures from that accounting standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company had net current liabilities of £132,227. The director considers that the company will continue to operate within its facilities given the continued financial support of its subsidiary. On that basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this financial support.

Preparation of consolidated financial statements
The financial statements contain information about Davies Precision Grinding Holdings Ltd 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.

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

The investments relate to shares held in group undertakings.

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.

Davies Precision Grinding Holdings Ltd (Registered number: 11847312)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 300,000
NET BOOK VALUE
At 30 April 2024 300,000
At 30 April 2023 300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
3.5% Redeemable preference shares < 1 year 42,328 40,858
Trade creditors 900 -
Amounts owed to group undertakings 115,128 93,398
Other creditors 6,931 8,491
Directors' current accounts 119 9
Accruals and deferred income 1,920 1,920
167,326 144,676

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
3.5% Redeemable preference shares 1-2
years

12,384

42,328
3.5% Redeemable preference shares 2-5
years

-

12,384
12,384 54,712

Davies Precision Grinding Holdings Ltd (Registered number: 11847312)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary £1 1,000 1,000
15,000 3.5% Non redeemable preference £1 15,000 15,000
16,000 16,000

10. CAPITAL COMMITMENTS
30.4.24 30.4.23
£    £   
Contracted but not provided for in the
financial statements - -

11. 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.

Loans from key management personnel are unsecured and interest free with no specific repayment terms and is presented within creditors due within one year.

The balance with the group company is unsecured and interest free with no specific repayment terms.