IRIS Accounts Production v24.3.2.46 11588120 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115881202023-06-30115881202024-06-30115881202023-07-012024-06-30115881202022-06-30115881202022-07-012023-06-30115881202023-06-3011588120ns15:EnglandWales2023-07-012024-06-3011588120ns14:PoundSterling2023-07-012024-06-3011588120ns10:Director12023-07-012024-06-3011588120ns10:Director22023-07-012024-06-3011588120ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3011588120ns10:SmallEntities2023-07-012024-06-3011588120ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3011588120ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3011588120ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3011588120ns10:AbridgedAccounts2023-07-012024-06-3011588120ns10:OrdinaryShareClass12023-07-012024-06-3011588120ns10:RegisteredOffice2023-07-012024-06-3011588120ns5:CurrentFinancialInstruments2024-06-3011588120ns5:CurrentFinancialInstruments2023-06-3011588120ns5:Non-currentFinancialInstruments2024-06-3011588120ns5:Non-currentFinancialInstruments2023-06-3011588120ns5:ShareCapital2024-06-3011588120ns5:ShareCapital2023-06-3011588120ns5:SharePremium2024-06-3011588120ns5:SharePremium2023-06-3011588120ns5:FurtherSpecificReserve3ComponentTotalEquity2024-06-3011588120ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3011588120ns5:RetainedEarningsAccumulatedLosses2024-06-3011588120ns5:RetainedEarningsAccumulatedLosses2023-06-3011588120ns5:ComputerEquipment2023-07-012024-06-3011588120ns10:OrdinaryShareClass12024-06-3011588120ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-30115881201ns10:Director12023-06-30115881201ns10:Director12022-06-30115881201ns10:Director12023-07-012024-06-30115881201ns10:Director12022-07-012023-06-30115881201ns10:Director12024-06-30115881201ns10:Director12023-06-3011588120ns10:Director222023-06-3011588120ns10:Director222022-06-3011588120ns10:Director222023-07-012024-06-3011588120ns10:Director222022-07-012023-06-3011588120ns10:Director222024-06-3011588120ns10:Director222023-06-30
REGISTERED NUMBER: 11588120 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

DFG Ltd

DFG Ltd (Registered number: 11588120)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DFG Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr D A Rigby
Mrs J Rigby





REGISTERED OFFICE: Lindum House
Grantham Road
Whatton
Nottingham
Nottinghamshire
NG13 9EU





REGISTERED NUMBER: 11588120 (England and Wales)





ACCOUNTANTS: CDA Accountancy
Unit 11/12 Hall Farm
Sywell Aerodrome
Sywell
Northamptonshire
NN6 0BN

DFG Ltd (Registered number: 11588120)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,691,492 4,751,453

CURRENT ASSETS
Debtors 137,921 112,507
Cash at bank 10,462 22,360
148,383 134,867
CREDITORS
Amounts falling due within one year 68,720 99,226
NET CURRENT ASSETS 79,663 35,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,771,155

4,787,094

CREDITORS
Amounts falling due after more than
one year

5

(3,233,538

)

(3,233,538

)

PROVISIONS FOR LIABILITIES (107,816 ) (123,566 )
NET ASSETS 1,429,801 1,429,990

CAPITAL AND RESERVES
Called up share capital 6 100 100
Share premium 1,072,349 1,072,349
Fair value reserve 7 431,264 494,264
Retained earnings (73,912 ) (136,723 )
SHAREHOLDERS' FUNDS 1,429,801 1,429,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

DFG Ltd (Registered number: 11588120)

Abridged Balance Sheet - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 March 2025 and were signed on its behalf by:




Mr D A Rigby - Director



Mrs J Rigby - Director


DFG Ltd (Registered number: 11588120)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

DFG 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

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

DFG Ltd (Registered number: 11588120)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 July 2023 4,766,080
Additions 10,060
Revaluations (63,000 )
At 30 June 2024 4,713,140
DEPRECIATION
At 1 July 2023 14,627
Charge for year 7,021
At 30 June 2024 21,648
NET BOOK VALUE
At 30 June 2024 4,691,492
At 30 June 2023 4,751,453

Cost or valuation at 30 June 2024 is represented by:

Totals
£   
Valuation in 2019 13,675
Valuation in 2020 45,051
Valuation in 2021 70,000
Valuation in 2022 352,858
Valuation in 2023 12,680
Valuation in 2024 (63,000 )
Cost 4,281,876
4,713,140

If freehold property had not been revalued they would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 4,240,736 4,240,736

Freehold property was valued on an open market basis on 30 June 2024 by the directors. .

DFG Ltd (Registered number: 11588120)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
30.6.24 30.6.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 3,233,538 3,233,538

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary A £1 100 100

7. RESERVES
Fair
value
reserve
£   
At 1 July 2023 494,264
Property revaluation (63,000 )

At 30 June 2024 431,264

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr D A Rigby
Balance outstanding at start of year 78,643 54,773
Amounts advanced 107,174 58,719
Amounts repaid (107,652 ) (34,849 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 78,165 78,643

Mrs J Rigby
Balance outstanding at start of year - -
Amounts advanced 10,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -