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Registered number: 14951339









DIMENSION UK BIDCO LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
DIMENSION UK BIDCO LIMITED
REGISTERED NUMBER: 14951339

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

  

Fixed assets
  

Investments
 4 
24,814,255

  
24,814,255

Current assets
  

Debtors: amounts falling due within one year
 5 
1,424,215

  
1,424,215

Creditors: amounts falling due within one year
 6 
(11,325,673)

Net current (liabilities)/assets
  
 
 
(9,901,458)

Total assets less current liabilities
  
14,912,797

  

Net assets excluding pension asset
  
14,912,797

Net assets
  
14,912,797


Capital and reserves
  

Called up share capital 
  
15,239,685

Profit and loss account
  
(326,888)

  
14,912,797


Page 1

 
DIMENSION UK BIDCO LIMITED
REGISTERED NUMBER: 14951339
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S J Windsor
Director

Date: 25 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DIMENSION UK BIDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Dimension UK Bidco Limited is a private company limited by shares incorporated in England and Wales, with registration number 14951339. 
Its registered office and principal place of business address is Unit 35 Wimbledon Business Centre, Riverside Road, London, United Kingdom, SW17 0BA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member
the requirements of paragraphs 130(f)(ii), 130(f)(iii), 134(d)-134(f) and 135(c)-135(e) of IAS 36 Impairment of Assets.

This information is included in the consolidated financial statements of Dimension UK Holdco Limited as at 31st December 2023 and these financial statements may be obtained from Companies House.

 
2.3

Going concern

The financial statements have been prepared on the going concern basis which assumes that the Company will be able to continue in operation for the foreseeable future.
The management has performed a detailed assessment which included looking at the cash flow positions, financial projections, potential future regulatory changes etc. As a result of their assessment and also based on the company's current liquidity position, the directors are satisified that the going concern basis of preparation is appropriate for the financial statements for the period ended 31 December 2023.

Page 3

 
DIMENSION UK BIDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.


3.


Employees



The Company has no employees other than the directors, who did not receive any remuneration.

Page 4

 
DIMENSION UK BIDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
24,814,255



At 31 December 2023
24,814,255





5.


Debtors

2023
£


Amounts owed by group undertakings
235,883

Other debtors
1,188,332

1,424,215



6.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
1,366,018

Other creditors
9,959,655

11,325,673



7.


Related party transactions

The company has taken advantage of the exemption under FRS 101 from disclosing transactions with other group entities.


8.


Controlling party

At the date of approval of the financial statements, the direct parent of the Company is Dimension UK Holdco Limited and the ultimate controlling party of the Company is Dimension Group Parent LLC, a US based Company.

Page 5

 
DIMENSION UK BIDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

9.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 25 February 2025 by Daniel Waters (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 6