Company registration number 07103918 (England and Wales)
DBD (HOLDINGS) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
DBD (HOLDINGS) LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
DBD (HOLDINGS) LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
1,274,981
1,274,981
Investments
4
5,065
5,757
1,280,046
1,280,738
Current assets
Debtors
5
41,910
Cash at bank and in hand
2,161,991
2,113,001
2,203,901
2,113,001
Creditors: amounts falling due within one year
6
(631,463)
(608,593)
Net current assets
1,572,438
1,504,408
Net assets
2,852,484
2,785,146
Capital and reserves
Called up share capital
7
255
255
Profit and loss reserves
2,852,229
2,784,891
Total equity
2,852,484
2,785,146
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 10 March 2025 and are signed on its behalf by:
D M Bennett
Director
Company registration number 07103918 (England and Wales)
DBD (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
DBD (Holdings) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 53 Smithy Carr Lane, Brighouse, HD6 4BG.
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.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
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
Turnover
Turnover represents the fair value of the consideration received for services provided in the normal course of business. Turnover is recognised on an accruals basis.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Listed investments in shares are included at fair value.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
DBD (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
6
2
3
Investment property
2024
£
Fair value
At 1 November 2023 and 31 October 2024
1,274,981
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2
2
Other investments other than loans
5,063
5,755
5,065
5,757
DBD (HOLDINGS) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 November 2023
2
5,755
5,757
Valuation changes
-
(692)
(692)
At 31 October 2024
2
5,063
5,065
Carrying amount
At 31 October 2024
2
5,063
5,065
At 31 October 2023
2
5,755
5,757
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
41,910
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
13,716
Corporation tax
61,950
14,877
Other taxation and social security
15,737
Other creditors
552,449
578,800
Accruals and deferred income
1,327
1,200
631,463
608,593
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200
200
200
200
A Ordinary shares of £1 each
20
20
20
20
B Ordinary shares of £1 each
15
15
15
15
C Ordinary shares of £1 each
5
5
5
5
D Ordinary shares of £1 each
5
5
5
5
E Ordinary shares of £1 each
5
5
5
5
F Ordinary shares of £1 each
5
5
5
5
255
255
255
255