IRIS Accounts Production v25.1.3.33 10306367 Board of Directors 31.8.23 30.8.24 30.8.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103063672023-08-30103063672024-08-30103063672023-08-312024-08-30103063672022-08-30103063672022-08-312023-08-30103063672023-08-3010306367ns15:EnglandWales2023-08-312024-08-3010306367ns14:PoundSterling2023-08-312024-08-3010306367ns10:Director12023-08-312024-08-3010306367ns10:PrivateLimitedCompanyLtd2023-08-312024-08-3010306367ns10:SmallEntities2023-08-312024-08-3010306367ns10:AuditExempt-NoAccountantsReport2023-08-312024-08-3010306367ns10:SmallCompaniesRegimeForDirectorsReport2023-08-312024-08-3010306367ns10:SmallCompaniesRegimeForAccounts2023-08-312024-08-3010306367ns10:FullAccounts2023-08-312024-08-3010306367ns10:Director22023-08-312024-08-3010306367ns10:RegisteredOffice2023-08-312024-08-3010306367ns5:CurrentFinancialInstruments2024-08-3010306367ns5:CurrentFinancialInstruments2023-08-3010306367ns5:Non-currentFinancialInstruments2024-08-3010306367ns5:Non-currentFinancialInstruments2023-08-3010306367ns5:ShareCapital2024-08-3010306367ns5:ShareCapital2023-08-3010306367ns5:RevaluationReserve2024-08-3010306367ns5:RevaluationReserve2023-08-3010306367ns5:RetainedEarningsAccumulatedLosses2024-08-3010306367ns5:RetainedEarningsAccumulatedLosses2023-08-3010306367ns5:LandBuildings2023-08-312024-08-3010306367ns5:PlantMachinery2023-08-312024-08-3010306367ns5:LandBuildings2023-08-3010306367ns5:PlantMachinery2023-08-3010306367ns5:LandBuildings2024-08-3010306367ns5:PlantMachinery2024-08-3010306367ns5:LandBuildings2023-08-3010306367ns5:PlantMachinery2023-08-3010306367ns5:Secured2024-08-3010306367ns5:Secured2023-08-3010306367ns5:RevaluationReserve2023-08-30
REGISTERED NUMBER: 10306367 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 AUGUST 2024

FOR

DTMCL LIMITED

DTMCL LIMITED (REGISTERED NUMBER: 10306367)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DTMCL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 AUGUST 2024







DIRECTORS: Dr D T McLaughlin
Dr D T McLaughlin





REGISTERED OFFICE: 19 Childwall Valley Road
Liverpool
United Kingdom
L16 4PB





REGISTERED NUMBER: 10306367 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

DTMCL LIMITED (REGISTERED NUMBER: 10306367)

BALANCE SHEET
30 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 400,335 650,574
Investment property 5 1,307,496 841,047
1,707,831 1,491,621

CURRENT ASSETS
Debtors 6 2 2
Cash at bank 8,637 1,472
8,639 1,474
CREDITORS
Amounts falling due within one year 7 1,246,896 953,259
NET CURRENT LIABILITIES (1,238,257 ) (951,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,574

539,836

CREDITORS
Amounts falling due after more than one
year

8

(451,175

)

(473,432

)

PROVISIONS FOR LIABILITIES (33,852 ) (18,182 )
NET (LIABILITIES)/ASSETS (15,453 ) 48,222

CAPITAL AND RESERVES
Called up and paid share capital 2 2
Revaluation reserve 10 101,555 101,555
Retained earnings (117,010 ) (53,335 )
(15,453 ) 48,222

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

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

DTMCL LIMITED (REGISTERED NUMBER: 10306367)

BALANCE SHEET - continued
30 AUGUST 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 15 May 2025 and were signed on its behalf by:





Dr D T McLaughlin - Director


DTMCL LIMITED (REGISTERED NUMBER: 10306367)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024


1. STATUTORY INFORMATION

DTMCL Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - No depreciation
Plant and machinery etc - 25% on reducing balance and No depreciation

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.


DTMCL LIMITED (REGISTERED NUMBER: 10306367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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.

Going concern
The financial statements have been prepared on the going concern concept. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of its creditors. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 August 2023 275,000 407,200 682,200
Additions - 48,480 48,480
Reclassification/transfer (275,000 ) - (275,000 )
At 30 August 2024 - 455,680 455,680
DEPRECIATION
At 31 August 2023 - 31,626 31,626
Charge for year - 23,719 23,719
At 30 August 2024 - 55,345 55,345
NET BOOK VALUE
At 30 August 2024 - 400,335 400,335
At 30 August 2023 275,000 375,574 650,574

DTMCL LIMITED (REGISTERED NUMBER: 10306367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 August 2023 841,047
Additions 191,449
Reclassification/transfer 275,000
At 30 August 2024 1,307,496
NET BOOK VALUE
At 30 August 2024 1,307,496
At 30 August 2023 841,047

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 2 2

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 142,925 18,000
Amounts owed to group undertakings - 2,076
Other creditors 1,103,971 933,183
1,246,896 953,259

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 451,175 473,432

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 379,175 365,432

DTMCL LIMITED (REGISTERED NUMBER: 10306367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 594,100 491,432

There is a fixed and floating charge over the assets in the company in respect of the secured debts.

10. RESERVES
Revaluation
reserve
£   
At 31 August 2023
and 30 August 2024 101,555

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Drop Dead Gorgeous Smile Limited incorporated in England & Wales.