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REGISTERED NUMBER: 07048653 (England and Wales)












DMM London Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024






DMM London Ltd (Registered number: 07048653)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


DMM London Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D M Mooney
R S Grimes





REGISTERED OFFICE: 8a Wingbury Courtyard
Business Village
Leighton Road
Wingrave
Buckinghamshire
HP22 4LW





REGISTERED NUMBER: 07048653 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

DMM London Ltd (Registered number: 07048653)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,858 497

CURRENT ASSETS
Debtors 5 28,046 27,062
Cash at bank 189,012 21,247
217,058 48,309
CREDITORS
Amounts falling due within one
year

6

422,350

334,601
NET CURRENT LIABILITIES (205,292 ) (286,292 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(196,434

)

(285,795

)

CREDITORS
Amounts falling due after more
than one year

7

6,667

16,667
NET LIABILITIES (203,101 ) (302,462 )

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings (203,200 ) (302,561 )
(203,101 ) (302,462 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

DMM London Ltd (Registered number: 07048653)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





D M Mooney - Director


DMM London Ltd (Registered number: 07048653)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

DMM London 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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% reducing balance
Computer equipment - 25% reducing balance

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

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The accounts have been prepared on a going concern basis and the directors are satisfied that it is appropriate to do so. For further information see notes 8 and 10 to the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

DMM London Ltd (Registered number: 07048653)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 - 2,471 2,124 4,595
Additions 8,740 1,420 1,154 11,314
At 31 October 2024 8,740 3,891 3,278 15,909
DEPRECIATION
At 1 November 2023 - 2,471 1,627 4,098
Charge for year 2,185 355 413 2,953
At 31 October 2024 2,185 2,826 2,040 7,051
NET BOOK VALUE
At 31 October 2024 6,555 1,065 1,238 8,858
At 31 October 2023 - - 497 497

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,252 22,781
Other debtors 3,794 4,281
28,046 27,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 197,017 291,438
Taxation and social security 40,837 19,090
Other creditors 174,496 14,073
422,350 334,601

Included in creditors due inside one year is a short term working capital loan of £150,000 which has been repaid in full following the year end in accordance with the terms of that loan.

Included in trade creditors due inside one year is an amount of £120,777 owed to a company with common stakeholders. Arrangements have been made to spread payment of these invoices over a period that will not be detrimental to the cash flow of DMM London Ltd.

DMM London Ltd (Registered number: 07048653)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 6,667 16,667

8. GOING CONCERN

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Following a difficult period of trade during the Pandemic, the company has returned to profitability and the directors expect that trend to continue. A short term working capital loan of £150,000 was taken to assist in funding a significant new project for the company and this has been repaid in full, in accordance with the agreed terms, following the year end.

DMM London Ltd has benefited from extended credit terms arranged with its one major trade creditor, a company with common stakeholders. This directors of this company have confirmed their intention to continue to provide financial support whilst it is needed. The management accounts and forecasts would indicate that support will not be needed beyond the end of this financial year.