Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-272025-05-27falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01No description of principal activity11truefalse 10185823 2023-09-01 2024-08-31 10185823 2022-09-01 2023-08-31 10185823 2024-08-31 10185823 2023-08-31 10185823 c:Director1 2023-09-01 2024-08-31 10185823 d:CurrentFinancialInstruments 2024-08-31 10185823 d:CurrentFinancialInstruments 2023-08-31 10185823 d:Non-currentFinancialInstruments 2024-08-31 10185823 d:Non-currentFinancialInstruments 2023-08-31 10185823 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10185823 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10185823 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10185823 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10185823 d:ShareCapital 2024-08-31 10185823 d:ShareCapital 2023-08-31 10185823 d:RetainedEarningsAccumulatedLosses 2024-08-31 10185823 d:RetainedEarningsAccumulatedLosses 2023-08-31 10185823 c:OrdinaryShareClass1 2023-09-01 2024-08-31 10185823 c:OrdinaryShareClass1 2024-08-31 10185823 c:OrdinaryShareClass1 2023-08-31 10185823 c:OrdinaryShareClass2 2023-09-01 2024-08-31 10185823 c:OrdinaryShareClass2 2024-08-31 10185823 c:OrdinaryShareClass2 2023-08-31 10185823 c:OrdinaryShareClass3 2023-09-01 2024-08-31 10185823 c:OrdinaryShareClass3 2024-08-31 10185823 c:OrdinaryShareClass3 2023-08-31 10185823 c:FRS102 2023-09-01 2024-08-31 10185823 c:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10185823 c:FullAccounts 2023-09-01 2024-08-31 10185823 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10185823 2 2023-09-01 2024-08-31 10185823 6 2023-09-01 2024-08-31 10185823 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10185823










DBF Holdings Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 August 2024

 
DBF Holdings Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of DBF Holdings Limited for the year ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DBF Holdings Limited for the year ended 31 August 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of DBF Holdings Limited in accordance with the terms of our engagement letter dated 14 June 2024Our work has been undertaken solely to prepare for your approval the financial statements of DBF Holdings Limited and state those matters that we have agreed to state to the director of DBF Holdings Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DBF Holdings Limited and its director for our work or for this report. 

It is your duty to ensure that DBF Holdings 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 DBF Holdings Limited. You consider that DBF Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of DBF Holdings 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Discovery Park
27 May 2025
Page 1

 
DBF Holdings Limited
Registered number: 10185823

Balance sheet
As at 31 August 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
71,300
71,300

  
71,300
71,300

Current assets
  

Debtors: amounts falling due within one year
 5 
41,294
34,000

Cash at bank and in hand
 6 
70,089
42,209

  
111,383
76,209

Creditors: amounts falling due within one year
 7 
(36,648)
(29,785)

Net current assets
  
 
 
74,735
 
 
46,424

Total assets less current liabilities
  
146,035
117,724

Creditors: amounts falling due after more than one year
 8 
(14,659)
(28,365)

  

Net assets
  
131,376
89,359


Capital and reserves
  

Called up share capital 
 9 
2,200
1,300

Profit and loss account
  
129,176
88,059

  
131,376
89,359


Page 2

 
DBF Holdings Limited
Registered number: 10185823

Balance sheet (continued)
As at 31 August 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 May 2025.




T Gillman
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
DBF Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

1.


General information

DBF Holdings Limited is a private company limited by shares and is incorporated in England with registration number 10185823.  The registered office address of the company is Innovation House Innovation Way, Discovery Park, Sandwich, Kent, CT13 9FF.   

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

These financial statements are rounded to the nearest pound. 
The company's functional and presentational currency is Pounds sterling. 

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss 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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
DBF Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

Page 5

 
DBF Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.12

Dividends

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

Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
1
1


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 September 2023
71,300



At 31 August 2024
71,300





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
24,000
34,000

Other debtors
17,294
-

41,294
34,000


Page 6

 
DBF Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
70,089
42,209

70,089
42,209



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
13,700
12,792

Corporation tax
19,948
10,735

Other creditors
-
3,278

Accruals and deferred income
3,000
2,980

36,648
29,785



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
14,659
28,365

14,659
28,365



9.


Share capital

2024
2023
£
£
Shares classified as equity

Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000
1,000 (2023 - 100) Redeemable Preference shares of £1.00 each
1,000
100
200 (2023 - 200) Redeemable Preference B shares of £1.00 each
200
200

2,200

1,300


During the year, 900 Redeemable Preference shares with an aggregate nominal value of £900 were allotted and issued for a total consideration of £900.

Page 7

 
DBF Holdings Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

10.


Related party transactions

All related party transactions during the current and prior periods, including key management personnel
compensation, were made under normal market conditions.


11.


Controlling party

The ultimate controlling party is T Gillman by virtue of his majority shareholding. 


Page 8