Silverfin false false 29/02/2024 01/03/2023 29/02/2024 M. Meltzer 16/02/2015 D.W Pollock 16/02/2015 S.J Pollock 01/07/2015 14 March 2025 no description of principal activity 09441365 2024-02-29 09441365 bus:Director1 2024-02-29 09441365 bus:Director2 2024-02-29 09441365 bus:Director3 2024-02-29 09441365 2023-02-28 09441365 core:CurrentFinancialInstruments 2024-02-29 09441365 core:CurrentFinancialInstruments 2023-02-28 09441365 core:ShareCapital 2024-02-29 09441365 core:ShareCapital 2023-02-28 09441365 core:CostValuation 2023-02-28 09441365 core:CostValuation 2024-02-29 09441365 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-02-29 09441365 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-02-28 09441365 bus:OrdinaryShareClass1 2024-02-29 09441365 2023-03-01 2024-02-29 09441365 bus:FilletedAccounts 2023-03-01 2024-02-29 09441365 bus:SmallEntities 2023-03-01 2024-02-29 09441365 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09441365 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09441365 bus:Director1 2023-03-01 2024-02-29 09441365 bus:Director2 2023-03-01 2024-02-29 09441365 bus:Director3 2023-03-01 2024-02-29 09441365 2022-03-01 2023-02-28 09441365 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 09441365 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09441365 (England and Wales)

DPMM ENTERPRISES LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

DPMM ENTERPRISES LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

DPMM ENTERPRISES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 29 February 2024
DPMM ENTERPRISES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Investments 4 3,292,138 3,292,138
3,292,138 3,292,138
Current assets
Debtors 100 100
100 100
Creditors: amounts falling due within one year 5 ( 3,292,138) ( 3,292,138)
Net current liabilities (3,292,038) (3,292,038)
Total assets less current liabilities 100 100
Net assets 100 100
Capital and reserves
Called-up share capital 6 100 100
Total shareholders' funds 100 100

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of DPMM Enterprises Limited (registered number: 09441365) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D.W Pollock
Director

14 March 2025

DPMM ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
DPMM ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DPMM Enterprises Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

The company is now accounting on a cost model basis. The 2022 accounts have been adjusted to show the investment on a cost basis as required by Paragraph 15.10 of FRS 102. This allows the venturer to adopt the cost model, and shall measure its investments in jointly controlled entities, at cost less any accumulated impairment losses. The joint venture is Dudden Hill Development LLP.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 3 3

4. Fixed asset investments

Investments in joint ventures Total
£ £
Cost or valuation before impairment
At 01 March 2023 3,292,138 3,292,138
At 29 February 2024 3,292,138 3,292,138
Carrying value at 29 February 2024 3,292,138 3,292,138
Carrying value at 28 February 2023 3,292,138 3,292,138

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to related parties 3,292,138 3,292,138

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
400 Ordinary shares of £ 0.25 each 100 100