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REGISTERED NUMBER: 11993455 (England and Wales)















DDLP LIMITED

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024






DDLP LIMITED (REGISTERED NUMBER: 11993455)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Report of the Directors 2

Accountants' Report 3

Income Statement 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11


DDLP LIMITED

Company Information
for the year ended 31 December 2024







Directors: Mr D G Price
Mrs D Price





Registered office: C/O Cooper Parry
Sky View, Argosy Road
East Midlands Airport, Castle Donington
Derby
Derbyshire
DE74 2SA





Registered number: 11993455 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

DDLP LIMITED (REGISTERED NUMBER: 11993455)

Report of the Directors
for the year ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

Principal activity
The principal activity of the company in the year under review was that of the operator of McDonald's franchised restaurants .

Directors
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr D G Price
Mrs D Price

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





Mr D G Price - Director


27 May 2025

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
DDLP Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DDLP Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of DDLP Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DDLP Limited and state those matters that we have agreed to state to the Board of Directors of DDLP Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DDLP Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DDLP Limited. You consider that DDLP Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DDLP Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


27 May 2025

DDLP LIMITED (REGISTERED NUMBER: 11993455)

Income Statement
for the year ended 31 December 2024

2024 2023
Notes £ £

Turnover 9,210,442 9,685,031

Cost of sales (3,045,905 ) (3,464,100 )
Gross profit 6,164,537 6,220,931

Administrative expenses (5,617,985 ) (5,922,357 )
Operating profit 4 546,552 298,574

Interest receivable and similar income - 2,583
546,552 301,157

Interest payable and similar expenses (101,065 ) (47,151 )
Profit before taxation 445,487 254,006

Tax on profit (73,383 ) (199,727 )
Profit for the financial year 372,104 54,279

DDLP LIMITED (REGISTERED NUMBER: 11993455)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £
Fixed assets
Intangible assets 5 1,358,826 1,427,379
Tangible assets 6 818,723 887,226
Investments 7 2,500 2,500
2,180,049 2,317,105

Current assets
Stocks 48,694 60,436
Debtors 8 89,621 49,160
Cash at bank and in hand 1,076,130 1,033,561
1,214,445 1,143,157
Creditors
Amounts falling due within one year 9 1,883,583 2,140,866
Net current liabilities (669,138 ) (997,709 )
Total assets less current liabilities 1,510,911 1,319,396

Creditors
Amounts falling due after more than one year 10 (349,305 ) (447,433 )

Provisions for liabilities (163,681 ) (216,142 )
Net assets 997,925 655,821

Capital and reserves
Called up share capital 100 100
Retained earnings 997,825 655,721
Shareholders' funds 997,925 655,821

DDLP LIMITED (REGISTERED NUMBER: 11993455)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





Mr D G Price - Director


DDLP LIMITED (REGISTERED NUMBER: 11993455)

Notes to the Financial Statements
for the year ended 31 December 2024

1. Statutory information

DDLP 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, rebates, value added tax and other sales taxes.

Franchise rights and fees
Franchise rights and fees are initially recognised at cost and are subsequently measured at cost less accumulated amortisation and impairment losses. They are amortised over their useful lives, which is taken as the twenty year term specified in the franchise agreements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Restaurant equipment - at varying rates on cost
Fixtures and fittings - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets comprising of cash in hand, demand deposits with bank, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within current liabilities.

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.

DDLP LIMITED (REGISTERED NUMBER: 11993455)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted cost of the future holiday entitlement so accrued at the Balance Sheet date.

Financial instruments
The Company only enters into basic financial instruments 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 related parties and investments in non-puttable ordinary shares.

For financial assets measured at amortised cost, the impairment cost is measured at the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the assets effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Finance costs
Finance costs are charged to the Profit and Loss Account 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.

Dividends
Equity dividends are recognised when they legally become payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Judgements in applying accounting policies and key sources of estimation uncertainty
In the process of applying the company's accounting policies, management are required to make certain estimates and judgements. The key estimates and judgements are as follows:

Depreciation and residual values
The director has reviewed the asset lives and associated residual values of all fixed asset classes, and has concluded that asset lives and residual values are appropriate.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted cost of the future holiday entitlement so accrued at the Balance Sheet date.

DDLP LIMITED (REGISTERED NUMBER: 11993455)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. Accounting policies - continued

Impairment of fixed assets
At each reporting end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to each asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

3. Employees and directors

The average number of employees during the year was 216 (2023 - 228 ) .

4. Operating profit

The operating profit is stated after charging:

2024 2023
£ £
Depreciation - owned assets 138,053 145,966
Franchise rights amortisation 65,553 65,553
Franchise fees amortisation 3,000 3,000

5. Intangible fixed assets
Franchise Franchise
rights fees Totals
£ £ £
Cost
At 1 January 2024
and 31 December 2024 1,793,423 55,125 1,848,548
Amortisation
At 1 January 2024 407,669 13,500 421,169
Amortisation for year 65,553 3,000 68,553
At 31 December 2024 473,222 16,500 489,722
Net book value
At 31 December 2024 1,320,201 38,625 1,358,826
At 31 December 2023 1,385,754 41,625 1,427,379

DDLP LIMITED (REGISTERED NUMBER: 11993455)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. Tangible fixed assets
Fixtures
Short Restaurant and
leasehold equipment fittings Totals
£ £ £ £
Cost
At 1 January 2024 10,867 1,291,189 21,954 1,324,010
Additions - 64,081 5,469 69,550
At 31 December 2024 10,867 1,355,270 27,423 1,393,560
Depreciation
At 1 January 2024 3,333 423,880 9,571 436,784
Charge for year 454 134,111 3,488 138,053
At 31 December 2024 3,787 557,991 13,059 574,837
Net book value
At 31 December 2024 7,080 797,279 14,364 818,723
At 31 December 2023 7,534 867,309 12,383 887,226

7. Fixed asset investments
Other
investments
£
Cost
At 1 January 2024
and 31 December 2024 2,500
Net book value
At 31 December 2024 2,500
At 31 December 2023 2,500

Fixed asset investments consists of 2,500 (2023 - 2,500) ordinary shares of £1 each in Fries Holding Company Limited, a company registered in Guernsey. The investments are included in the accounts at cost.

8. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 31 31
Other debtors 89,590 49,129
89,621 49,160

9. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 169,200 247,184
Trade creditors 326,215 652,435
Tax 125,844 12,078
Social security and other taxes 18,575 29,833
VAT 312,694 285,215
Other creditors 166,656 142,682
Directors' current accounts 674,487 749,252
Accrued expenses 89,912 22,187
1,883,583 2,140,866

DDLP LIMITED (REGISTERED NUMBER: 11993455)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

10. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 169,200 247,031
Bank loans - 2-5 years 180,105 105,704
Bank loan over 5 years - 94,698
349,305 447,433

Amounts falling due in more than five years:

Repayable by instalments
Bank loan over 5 years - 94,698

11. Related party disclosures

The director has charged interest to the company totalling £60,000 (2023 - £nil) being an annual rate of interest of 8.5% (2023 - nil%).

12. Ultimate controlling party

The ultimate controlling party is Mr D G Price.