Company registration number 03965493 (England and Wales)
DIPLEMA 463 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
PAGES FOR FILING WITH REGISTRAR
Sobell Rhodes LLP
The Kinetic Centre
Theobald Street
Elstree
Borehamwood
Hertfordshire
WD6 4PJ
DIPLEMA 463 LIMITED
COMPANY INFORMATION
Director
Dr G Cruciani
Company number
03965493
Registered office
C/O Sobell Rhodes LLP
The Kinetic Centre
Theobald Street
Elstree, Borehamwood
Hertfordshire
United Kingdom
WD6 4PJ
Accountants
Sobell Rhodes LLP
The Kinetic Centre
Theobald Street
Elstree
Borehamwood
Hertfordshire
United Kingdom
WD6 4PJ
DIPLEMA 463 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
DIPLEMA 463 LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Investments
3
1,014,868
1,014,868
Current assets
Debtors
4
49,245
60,662
Creditors: amounts falling due within one year
5
(41,618)
(53,419)
Net current assets
7,627
7,243
Total assets less current liabilities
1,022,495
1,022,111
Creditors: amounts falling due after more than one year
6
(180,000)
(180,000)
Net assets
842,495
842,111
Capital and reserves
Called up share capital
7
10
10
Profit and loss reserves
842,485
842,101
Total equity
842,495
842,111

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 23 January 2025
Dr G Cruciani
Director
Company registration number 03965493 (England and Wales)
DIPLEMA 463 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Diplema 463 Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Sobell Rhodes LLP, The Kinetic Centre, Theobald Street, Elstree, Borehamwood, Hertfordshire, United Kingdom, WD6 4PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in existence for the foreseeable future. The validity of this assumption is dependent upon the availability of the financial support from the director. The director has agreed to provide sufficient financial support to enable the company to meet its liabilities as they fall due. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of the assets to their recoverable amount and provide for any further liabilities that may arise.true

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5

Royalties receivable

Royalties receivable represent the income receivable from the subsidiary undertaking, for the use of exploitation rights purchased from the former shareholders of the subsidiary undertaking, by the company.

DIPLEMA 463 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.6

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,014,868
1,014,868
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2023 & 31 March 2024
1,014,867
Impairment
At 1 April 2023
854,068
Prior year adjustment
(854,068)
At 31 March 2024
-
Carrying amount
At 31 March 2024
1,014,867
At 31 March 2023
1,014,868
Error! Does not agree to TB:
1,014,868
Difference
(1)
DIPLEMA 463 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
49,245
60,662
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
30,112
30,112
Accruals and deferred income
11,506
23,307
41,618
53,419

Included within other creditors is a liability of £ 30,000 (2023 : £ 30,000) which has arisen on the acquisition of the shares of the subsidiary undertaking by the company whereby 20% of the income generated from certain products is payable to former shareholder of shareholders of the subsidiary undertaking. The liability is crystallised as and when an invoice is raised and subsequently settled by the customer.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
180,000
180,000

Included within other creditors is a liability of £180,000 (2023 : £ 180,000) which has arisen on the acquisition of the shares of the subsidiary undertaking by the company whereby 20% of the income generated from certain products is payable to former shareholder of shareholders of the subsidiary undertaking. The liability is crystallised as and when an invoice is raised and subsequently settled by the customer.

 

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
8
Prior period adjustment
Changes to the balance sheet
As previously reported
Adjustment
As restated at 31 Mar 2023
£
£
£
Fixed assets
Investments
160,800
854,068
1,014,868
DIPLEMA 463 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
8
Prior period adjustment
As previously reported
Adjustment
As restated at 31 Mar 2023
£
£
£
(Continued)
- 5 -
Capital and reserves
Profit and loss reserves
(11,967)
854,068
842,101
Changes to the profit and loss account
As previously reported
Adjustment
As restated
Period ended 31 March 2023
£
£
£
Amounts written off investments
(17,867)
854,068
836,201
Profit for the financial period
180,917
854,068
1,034,985

 

Reconciliation of changes in equity
1 April
31 March
2022
2023
£
£
Adjustments to prior year
Amortisation in Investment in subsidiaries overstated
-
854,068
Equity as previously reported
(4,830)
(11,957)
Equity as adjusted
(4,830)
842,111
Analysis of the effect upon equity
Profit and loss reserves
-
854,068
Reconciliation of changes in profit for the previous financial period
2023
£
Adjustments to prior year
Amortisation in Investment in subsidiaries overstated
854,068
Profit as previously reported
180,917
Profit as adjusted
1,034,985
Notes to reconciliation
Reversal of brought forward amortisation of Investment in subsidiaries

The accounts incorrectly included a brought forward accumulated amortisation balance relating to Investments in subsidiaries from prior years as no impairment had taken place. This has now been corrected.

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